Central Securities

Central Securities is a financial firm that provides investment and consulting services for various clients.

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For income investors, closed-end funds remain an attractive investment class that covers various asset classes and promises high distributions and reasonable total returns. Closed-end funds, or CEFs, are generally characterized by higher volatility and deeper drawdowns than the broader market. For these reasons, they are not suited for everyone. In this monthly series, we highlight five CEFs with solid track records that pay high distributions and offer "excess" discounts. We try to separate the wheat from the chaff using our filtering process to select just five CEFs every month from around 500 closed-end funds.

5 Best CEFs This Month For 9% Yield (December 2024)

NEW YORK--(BUSINESS WIRE)--Central Securities Corporation (NYSE American: CET) announced today that the price at which Common Stock will be issued in payment of the $2.05 per share distribution payable on December 20, 2024 is $47.41 per share. This price is the arithmetic average of the daily volume weighted average price (“VWAP”) of the Corporation's Common Stock for each of the last three trading days ending on and including December 4, 2024, rounded to two decimal places. The distribution wa.

Central Securities Corporation Announces Reinvestment Price of Shares for Distribution Payable December 20, 2024

Central Securities Corporation offers a 4.86% yield and has outperformed the S&P 500 over 30 years, making it attractive for long-term capital appreciation. The fund's portfolio is diversified, focusing on undervalued equities, and is less concentrated in technology compared to the S&P 500. Trading at a 16.62% discount to NAV, Central Securities Corporation provides a cost-effective investment with a low expense ratio of 0.53%.

CET: This Stellar CEF Offers Outperformance And Diversification

NEW YORK--(BUSINESS WIRE)--Central Securities Corporation (NYSE American: CET), a closed-end investment company, today released its Report to Stockholders for the nine months ended September 30, 2024. Figures as of September 30, 2024 compared with those of one year ago, are as follows:   September 30,   September 30,   2024   2023   Net assets per common share   $56.17   $43.63   Net assets   $1,594,454,696   $1,218,907,463   Shares outstanding   28,387,828   27,939,274 Additional details are a.

Central Securities Corporation Releases Report to Stockholders

NEW YORK--(BUSINESS WIRE)--Central Securities Corporation (NYSE American: CET), a closed-end investment company, today declared a distribution of $2.05 per share on its Common Stock. The dividend is payable December 20, 2024 to stockholders of record November 15, 2024. The distribution will be paid in additional shares of stock unless stockholders elect to receive the distribution in cash. The cut-off date for election of cash is December 4, 2024 (the “Cut-Off Date”). Stockholders who own their.

Central Securities Corporation Declares Year-End Distribution

Nuveen AMT-Free Municipal Value Fund

PIMCO Dynamic Income Strategy Fund

Closed-end funds offer unique advantages like fixed share numbers, no redemption liquidity issues, and exposure to hard-to-access asset classes, enhancing portfolio diversification. CEFs can trade at significant discounts or premiums to NAV due to supply and demand, unlike mutual funds and ETFs which align closely with NAV. Nuveen's AMT-Free Municipal Value Fund is a low-risk CEF with strong distribution coverage, primarily investing in investment-grade municipal bonds and trading at a discount to NAV.

The ABCs On CEFs

The Central Securities Corporation is a boring but profitable equity CEF that has outperformed the S&P 500 in the past year, with the same volatility. CET's emphasis on holding its top holdings for extended periods, including the Plymouth Rock Company, demonstrates a commitment to value investing and fundamental analysis. The fund's focus on increasing its net asset value through variable distributions is a refreshing contrast to the many CEFs that prioritize only income.

CET: A Steady Eddy That Outperforms

General American Investors

We're a little more than halfway through the year now, so it's a great time to check the state of play on our favorite high-yield plays: 8%+ paying closed-end funds (CEFs).

How These 8.3% CEFs Soared Double Digits

Central Securities Corporation is a closed-end fund that primarily invests in a concentrated set of U.S. equities. The CET closed-end fund maintains a large exposure to a privately held insurance company, which investors should be aware of. CET uses zero leverage. CET's past performance has been excellent in almost all time-frames that we compared. In some ways, this is a combination of conventional and alternative investments that an investor can use with the goal of long-term capital appreciation with the benefit of significant income, though variable from one year to the next.

CET: Very Attractive 18% Discount, Variable Income, And Excellent Past Performance

NEW YORK--(BUSINESS WIRE)--The Board of Directors of Central Securities Corporation (NYSE American: CET), a closed-end investment company, today declared the following dividend:     Record Payment Class of Stock Rate Date Date Common Stock $0.20 6/14/24 6/26/24 Of the $0.20 per share to be paid on June 26, 2024, $0.08 is expected to be taxable as ordinary income and $0.12 is expected to be taxable as long-term capital gain. The final tax breakdown of all amounts paid during 2024 will be availab.

Central Securities Corporation Declares Dividend

Central Securities Corp outperformed the S&P 500 as an actively managed closed-end fund. The fund has benefited from a highly concentrated portfolio with an overweight exposure to the financial sector and insurance industry. We urge caution towards the fund which could be prone to wider swings of volatility in a shifting market environment.

CET: Overweight Insurance Exposure Warrants Caution

NexPoint Real Estate Finance

SRH Total Return Fund Inc

Closed-end funds (CEFs) are incredible wealth generators, combining huge (8%+, in many cases) dividends, with the potential for stock-like price gains.

The Most Discounted Closed-End Funds Yielding Up To 8%

BlackRock Resources & Commodities Strategy Trust

Allspring Global Dividend Opportunity Fund

Barings Participation Investors

ONEOK

Oxford Lane Capital

Liberty All Star Equity Fund

For income investors, closed-end funds remain an attractive investment class that covers a variety of asset classes and promises high distributions and reasonable total returns. Closed-end funds, or CEFs, are generally characterized by higher volatility and deeper drawdowns than the broader market. For these reasons, they are not suited for everyone. In this monthly series, we highlight five CEFs with solid track records that pay high distributions and offer "excess" discounts. We try to separate the wheat from the chaff using our filtering process to select just five CEFs every month from around 500 closed-end funds.

5 Best CEFs This Month For 9% Plus Yield (February 2024)

NEW YORK--(BUSINESS WIRE)--Central Securities Corporation (NYSE American: CET), a closed-end investment company, today released its Annual Report to Stockholders for the year ended December 31, 2023. Figures as of December 31, 2023, compared with those of one year ago, are as follows:     December 31, 2023 December 31, 2022   Net assets per common share $46.49 $40.48 Net assets $1,319,864,836 $1,132,835,676 Shares outstanding 28,387,828 27,988,252 Additional details are available at www.central.

Central Securities Corporation Releases Annual Report to Stockholders for the Year Ended December 31, 2023

Calamos Strategic Total Return Fund

5 Best CEFs This Month For 9% Yield (January 2024)

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2023 year-end review of our 8% Income Portfolio. This high-income portfolio earned over $29,000 in distributions amounting to over 14% yield-on-cost basis and roughly 8.6% on average portfolio value. We will provide updates on trades during the year, dividends collected, and overall performance. As usual, we will compare the performance with a traditional 60:40 stock/bond portfolio.

The 8% Income Portfolio: 2023 Year-End Review

Central Securities Corporation is a closed-end fund that operates a highly concentrated portfolio, including a large investment in a private insurer. Organized in 1929, Central has an excellent track record, earning 5-Stars from Morningstar over the 3, 5 and 10 year periods (and overall), making it a worthwhile holding for investors. Conservatively managed for the long run, Central is willing to hold blue-chip securities for decades, allowing them to compound without interruption.

Central Securities Corporation Offers A Portfolio For The Long Run

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We outline an Income Strategy for creating a self-sufficient portfolio for retirees and income-focused investors with $1 million to generate a life-long income stream. We explain the benefits of generating income through dividends and distributions rather than selling shares for capital gains. We compare the results of backtesting an income strategy with index investing for the past 24 years, starting from the year 2000.

How To Invest $1 Million In Retirement For Life-Long Income

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5 Best CEFs This Month For 9.5% Yield (December 2023)

NEW YORK--(BUSINESS WIRE)--Central Securities Corporation (NYSE American: CET) announced today that the price at which Common Stock will be issued in payment of the $1.65 per share distribution payable on December 21, 2023 is $36.80 per share. This price is the arithmetic average of the daily volume weighted average price (“VWAP”) of the Corporation's Common Stock for each of the last three trading days ending on and including December 5, 2023, rounded to two decimal places. The distribution wa.

Central Securities Corporation Announces Reinvestment Price of Shares for Distribution Payable December 21, 2023

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5 Best CEFs This Month For 10% Yield (November 2023)

Everybody loves a bargain, including investors who can buy closed-end funds at discounts. A big advantage of discounts is that you have more assets working for you than you had to pay for. That means your investments earn a higher yield than they would have if you'd had to pay full price.

How Closed-End Funds' Discounts Reduce My Long-Term Risk

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Income Portfolio - 38 CEFs Worth Exploring

Central Securities Corporation is a closed-end investment company with a high dividend yield and a history of outperforming the S&P 500. CET's top holdings include Plymouth Rock Corporation and Progressive Corp, with close to 27% of its assets tied to the insurance industry. Despite outperforming markets in the long run, CET trades at a deep discount to its assets.

Central Securities Corporation: 30+ Years Of Outperformance Makes It Worth A Look

Central Securities Corporation: 7.1% Yield, Massive Price Discount

News for Central Securities ETF (CET)