BXLC - Bexil Corporation Announces Tender Offer
NEW YORK, NY / ACCESSWIRE / July 3, 2018 / Bexil Corporation (OTC PINK: BXLC) (''Bexil'' or the ''Company'') today announced that it invites its shareholders to tender for $13.25 per share in cash up to an aggregate of 25,000 shares of the Company's common stock. A shareholder may participate in the tender offer by tendering any or all of his or her shares, subject to the proration provisions and other limitations of the offer, as described in the offer to purchase. Tendering shareholders will receive the proceeds promptly after the tender offer's expiration date of August 9, 2018 (unless extended or earlier terminated), less any applicable withholding taxes.
The offer to purchase and other tender offer materials are being furnished to shareholders of record as of June 29, 2018 and also may be obtained at www.Bexil.com. With questions or requests for assistance please call the Company at 212-785-0900 or write to Bexil Corporation, 11 Hanover Square, New York, NY 10005, Attn: Secretary. Shareholders may also contact the broker, dealer, commercial bank, or trust company who holds their shares for assistance concerning the offer.
The Company's board of directors has approved this offer. However, neither the Company nor the board of directors makes any recommendation as to whether a shareholder should tender or refrain from tendering his or her shares, and neither the Company nor the board of directors has authorized any person to make any such recommendation. Shareholders are urged to evaluate carefully all information contained in the offer to purchase, consult their own investment and tax advisors, and make their own decision whether to tender shares and, if so, how many shares to tender.
This announcement is for informational purposes only. This announcement is not an offer to purchase or a solicitation of an offer to purchase any Company shares. The tender offer is being made solely pursuant to the offer to purchase and related documents. The tender offer is not being made in any jurisdiction in which the making or acceptance thereof would not be in compliance with the securities, blue sky or other laws of such jurisdiction.
About Bexil Corporation
Bexil is engaged through a subsidiary in investment management. To learn more about Bexil, including Rule 15c2-11 information, please visit www.Bexil.com.
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, which may cause the Company's actual results to be materially different from those expressed or implied by such statements. Investors should carefully consider the risks, uncertainties and other factors, together with all of the other information included in the Company's Annual Report, at http://www.bexil.com/cautionary-language.html, and similar information. 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.
Contact:
William Winmill
Vice President
1-212-785-0900
wwinmill@bexil.com
www.Bexil.com
SOURCE: Bexil Corporation