Central Securities Corporation (NYSE American: CET) is a diversified, closed‐end management investment company that has been in operation since its incorporation in New York in 1927. The company seeks long‐term capital appreciation by investing across a broad spectrum of asset classes. Its portfolio typically includes convertible securities, common and preferred equity, corporate debt instruments, government and municipal obligations, and real estate investment trusts.
Through an actively managed approach, Central Securities aims to capitalize on market inefficiencies and secular trends. The company’s investment team evaluates opportunities in both equity and fixed income markets, with a particular focus on convertible securities as a means of capturing upside potential while providing a degree of downside protection. By combining income‐oriented holdings with growth‐focused assets, Central Securities strives to deliver consistent performance across market cycles.
Over its long history, Central Securities has navigated numerous economic environments, maintaining a flexible mandate that permits allocation shifts in response to changing conditions. The firm’s external advisor, RMR Advisors Inc., provides comprehensive portfolio management and administrative services. RMR Advisors is a subsidiary of RMR Group, a Boston‐area financial services firm known for managing a range of investment companies and real estate investment trusts.
Central Securities primarily invests in U.S. markets but retains the flexibility to pursue global opportunities in developed economies. The company is governed by a board of directors composed of seasoned professionals from the financial services industry, who oversee corporate governance and strategic direction. Day‐to‐day investment decisions are made by RMR’s dedicated team of portfolio managers and analysts, ensuring that Central Securities remains aligned with its objective of pursuing long‐term capital growth.
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