NEW YORK, Dec. 4, 2001 (PRIMEZONE) -- A quarterly dividend distribution of $.24 per share for the quarter ending December 31, 2001 was declared today by Bexil Corporation (AMEX:BXL), payable December 28, 2001 to shareholders of record December 14, 2001.
The $.24 per share quarterly dividend distribution reflects the Company's managed 8% distribution policy. The policy is intended to provide shareholders with a relatively stable cash flow and reduce or eliminate any market price discount to the Company's net asset value per share. Quarterly distributions of approximately 8% of the Company's net asset value per share on an annual basis are paid primarily from ordinary income and any net capital gains, with the balance representing return of capital. The amount of the distribution may vary depending on the net asset value per share at the time of declaration.