SOURCE: Bexil

Bexil

February 02, 2011 14:20 ET

Bexil Corporation Announces Record and Payment Dates for Special Dividend

NEW YORK, NY--(Marketwire - February 2, 2011) -  Bexil Corporation ("Bexil") (PINKSHEETS: BXLC) announced today that the record and payment dates for the special dividend of $.20 per share of common stock will be as follows:

Record Date February 15, 2011

Payment Date February 28, 2011

As announced previously, the Board of Directors of Bexil authorized a special dividend to stockholders contingent upon the closing of the Transaction Agreement with Chartwell Investment Partners, L.P. The closing occurred on February 1, 2011. Upon closing, Bexil Advisers LLC, a wholly owned subsidiary of Bexil, became the investment adviser to Chartwell Dividend and Income Fund, Inc.

About Bexil Corporation

Bexil is a holding company. 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.

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