Welcome to our dedicated page for XBXIX news (Ticker: XBXIX), a resource for investors and traders seeking the latest updates and insights on XBXIX stock.
The XBXIX news page focuses on developments related to Bexil Investment Trust, a closed end fund whose net asset value is reported under the XBXIX symbol. Company announcements describe the Fund’s primary investment objective as seeking high current income, with capital appreciation as a secondary goal, and explain that it invests a substantial portion of its assets in income generating equity securities.
News for XBXIX often centers on quarterly distribution declarations and related Section 19(a) notices. These releases outline the Fund’s current distribution policy, the per-share distribution amount, and the estimated sources of each payment, such as net investment income, capital gains, or return of capital. The Fund repeatedly cautions that shareholders should not infer investment performance from distribution levels or policies and that Section 19(a) information is provided as an estimate rather than for tax reporting.
Other notable items in the XBXIX news stream include corporate updates such as the Fund’s name change from Dividend and Income Fund to Bexil Investment Trust and the associated changes to its stock and NAV symbols. Disclosures also discuss the common closed end fund characteristics of trading at premiums or discounts to NAV, the potential impact of leverage on NAV fluctuations, and the risks associated with long term investing in the Fund.
Investors and researchers can use this news page to review historical distribution announcements, understand how the Fund describes its objectives and risks, and track changes in naming and symbol conventions. Regularly consulting these updates can help provide context on how the Fund communicates its policies and how the relationship between NAV and market price is framed in its public statements.
Bexil Investment Trust (OTC PINK:BXSY) has declared a quarterly distribution of $0.25 per share, payable March 27, 2025, to shareholders of record as of March 17, 2025. Based on current estimates, the distribution composition is approximately 100% from capital gains, with 0% from net investment income and return of capital.
The Fund maintains a distribution policy aimed at providing shareholders with stable cash flow per share. However, the Fund notes that distribution sources are estimates based on book earnings and may change. The actual amounts for tax reporting will depend on the Fund's fiscal year investment performance and tax regulations. Shareholders will receive Form 1099-DIV for tax reporting purposes.
The Fund acknowledges that this distribution policy does not guarantee reduction or elimination of any market price discount to NAV, and trustees have no fiduciary duty regarding such discounts.
Bexil Investment Trust (BXSY) has announced its quarterly distribution schedule for 2025, maintaining the distribution amount at $0.25 per share for each quarter. The distributions are scheduled for March 27, June 27, September 26, and December 26, 2025, with corresponding declaration and record dates.
The Fund, which focuses on high current income with secondary capital appreciation objectives, notes that distributions may come from various sources including net investment income, capital gains, or return of capital. The Fund emphasizes that distribution amounts shouldn't be interpreted as indicators of investment performance, and return of capital distributions reduce shareholders' tax basis rather than being taxable income.
Bexil Investment Trust (BXSY) has declared a quarterly distribution of $0.25 per share, payable on June 28, 2024, to shareholders of record as of June 17, 2024. This distribution is based on the Fund's recent results and estimates, with 100% of the distribution sourced from capital gains. According to Section 19(a) of the Investment Company Act of 1940, this notice is required to inform shareholders of the distribution sources. It is important to note that this information is not intended for tax reporting purposes, and the final amounts for tax purposes will be determined at the end of the fiscal year. The Fund aims to provide relatively stable cash flows, but this policy can be changed without prior notice.
