Bexil Corporation Announces 2010 Financial Results
20 Mayo 2011 - 4:44PM
Marketwired
Bexil Corporation (PINKSHEETS: BXLC) today reported its financial
results for the year ended December 31, 2010.
Bexil recorded a net loss of $1,454,146 or $1.43 per share for
the year ended December 31, 2010 compared to a net loss of $597,028
or $0.62 per share for the year ended December 31, 2009.
The Company's book value per share at December 31, 2010
(1,017,592 shares issued and outstanding) was $35.99. At December
31, 2010, Bexil had positive working capital of $35,676,752, total
assets of $37,243,102, no long term debt, and shareholders' equity
of $36,624,015.
The Company's 2010 Annual Report, including audited financial
statements, is available 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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