Fund Description: Central Securities Corp. is a non-diversified, closed end management investment company whose investment objective is growth of capital with income as a secondary consideration. They generally invest primarily in common stocks, but they may invest in bonds, convertible bonds, preferred stocks, convertible preferred stocks, warrants, options, real estate, or short-term obligations of governments, banks and corporations. From time to time they invest in securities the resale of which is restricted. Central Securities' dividend and distribution policy is to pay out substantially all net investment income and realized capital gains.