Bexil Corporation Announces Second Quarter 2011 Financial Results
August 15 2011 - 4:17PM
Marketwired
Bexil Corporation (PINKSHEETS: BXLC) today reported its financial
results for the second quarter ended June 30, 2011.
Bexil recorded a net loss of $98,538 or $0.10 per share for the
three months ended June 30, 2011 compared to a net loss of $351,136
or $0.35 per share for the three months ended June 30, 2010. For
the six months ended June 30, 2011, Bexil recorded a net loss of
$433,669 or $0.43 per share compared to a net loss of $522,003 or
$0.52 per share for the six months ended June 30, 2010.
The Company's book value per share at June 30, 2011 (1,017,592
shares issued and outstanding) was $35.36. At June 30, 2011, Bexil
had positive working capital of $30,535,884, total assets of
$36,479,545, no long term debt, and shareholders' equity of
$35,986,837.
The Company's unaudited balance sheet, statements of income, and
statements of cash flows as of and for the second quarter and six
months ended June 30, 2011 are appended to the copy of this press
release on www.bexil.com.
About Bexil Corporation
Bexil is engaged through a subsidiary as investment manager to
Dividend and Income Fund, Inc., a closed end fund (NYSE: DNI) (NAV:
XDNIX). To learn more about Bexil, including Rule 15c2-11
information, please visit www.bexil.com. Certain affiliates of
Bexil are engaged in stock market and gold investing through
investment management of equity and gold mutual funds, closed end
funds, and proprietary trading.
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.
The Company views book value per share, a non-GAAP financial
measure, as an important indicator of financial performance.
Presented in conjunction with other financial information, the
combined presentation can enhance an investor's understanding of
the Company's underlying financial condition and results from
operations. The definition of book value as presented in this press
release is shareholders' equity divided by currently issued and
outstanding shares.
Contact: Thomas O'Malley Chief Financial Officer 1-212-785-0400,
ext. 267 Email Contact www.bexil.com
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