Bexil Corporation Announces Second Quarter 2012 Financial Results
August 23 2012 - 4:30PM
Marketwired
Bexil Corporation (PINKSHEETS: BXLC) today reported its financial
results for the second quarter ended June 30, 2012.
Bexil recorded a net loss attributable to Bexil shareholders of
$2,590,063 or $2.41 per share for the three months ended June 30,
2012 compared to a net loss attributable to Bexil shareholders of
$98,538 or $0.10 per share for the three months ended June 30,
2011. For the six months ended June 30, 2012, Bexil recorded a net
loss attributable to Bexil shareholders of $3,544,193 or $3.25 per
share compared to a net loss attributable to Bexil shareholders of
$433,669 or $0.43 per share for the six months ended June 30,
2011.
The Company's book value per share attributable to Bexil
shareholders at June 30, 2012 was $31.23, based on shareholders'
equity attributable to Bexil shareholders of $31,837,256 and
1,019,592 shares issued and outstanding.
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, 2012 are appended to the copy of this press
release on www.bexil.com.
About Bexil Corporation Bexil is a holding
company engaged through subsidiaries in investment management,
securities trading, and mortgage banking. Bexil subsidiary Bexil
Advisers LLC is investment manager to Dividend and Income Fund, a
closed end fund (NYSE: DNI) (NAV: XDNIX). Bexil American Mortgage
Inc., a new mortgage subsidiary of Bexil, is engaged in the
mortgage banking business including, but not limited to
origination, production, and sales into the secondary market. 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 and closed end funds.
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. 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 attributable to Bexil shareholders
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
Bexil (PK) (USOTC:BXLC)
Historical Stock Chart
From May 2024 to Jun 2024
Bexil (PK) (USOTC:BXLC)
Historical Stock Chart
From Jun 2023 to Jun 2024