NEW YORK, NY--(Marketwire - January 6, 2011) - Bexil Corporation (
The Transaction Agreement is expected to close on or about the first business day after receipt of stockholder approvals of a new investment advisory agreement and election of a new slate of directors, and satisfaction of the other conditions of the Transaction Agreement. Special meetings of Fund stockholders to consider the new investment advisory agreement and elect directors are currently scheduled for January 31, 2011, subject to adjournment and postponement.
The record date and payment date for the special dividend will be announced after the closing.
About Bexil Corporation
Bexil is a holding company. To learn more about Bexil Corporation, including Rule 15c2-11 information, please visit www.bexil.com. Approximately 22% of Bexil's shares are owned by Winmill & Co. Incorporated (
Safe Harbor Note
This release contains certain "forward looking statements" made pursuant to the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995. These statements involve known and unknown risks, uncertainties and other factors, many of which are beyond the control of Bexil Corporation, which may cause the Company's actual results to be materially different from those expressed or implied by such statements. The forward looking statements made herein are only made as of the date of this release, and the Company undertakes no obligation to publicly update such forward looking statements to reflect subsequent events or circumstances.
This press release is neither an offer to sell, nor a solicitation of an offer to buy, shares of the Fund, nor is it a solicitation of any proxy.
Contact Information:
Contact:
Thomas O'Malley
Chief Financial Officer
1-212-785-0400, ext. 267
www.bexil.com