Winmill family holds 15.3% of Bexil Investment Trust (OTC: BXSY)

Rhea-AI Filing Summary

Bexil Investment Trust has a significant concentration of ownership among entities and individuals affiliated with the Winmill family. Reported beneficial ownership includes Bexil Advisers LLC with 684,699.31 shares, representing 5.3% of the class, and Bexil Securities LLC with 879,274.60 shares, representing 6.8% of the class. Midas Securities Group, Inc. reports 1,651,603.71 shares, or 12.8%, while Winmill & Co. Inc. and the Winmill Family Trust each report 1,925,475.71 shares, or 14.9% of the class. Thomas B. Winmill reports aggregate beneficial ownership of 1,976,553.71 shares, representing 15.3% of the class.

The reporting persons are a group of related entities and Winmill family members, with layered ownership links among Bexil Corporation, Bexil Securities LLC, Bexil Advisers LLC, Midas Securities Group, Winmill & Co. Inc., and the Winmill Family Trust. Bexil Advisers LLC serves as investment manager to Bexil Investment Trust under an investment management agreement that provides a 0.95% annual fee on the trust’s managed assets, plus reimbursement at cost for specified compliance and accounting services.

The group states that the shares have been acquired for investment purposes while reserving the ability to change or abandon these plans. Winmill & Co. Inc. reports a series of recent open-market purchases between June 23 and July 29, 2026, including 5,000 shares at $17.0271 per share on July 29, 2026 and multiple additional trades in the roughly $16.78–$17.20 price range.

Filing Explained

Three Winmill family members report 14.9% to 15.0% beneficial ownership, with shared group holdings and smaller direct positions.

This is Amendment No. 11 to a Schedule 13D, a filing used to disclose ownership above 5% when a holder may seek to influence control; the stated event date is July 29, 2026.

The completed holder transaction reported here is Winmill & Co. Inc.'s open-market purchase of 5,000 shares on July 29, 2026; the disclosed change is to beneficial-ownership reporting by the holder group.

Beyond the aggregate figures already reported, Mark C. Winmill reports 14.9%, William M. Winmill 15.0%, and Woodworth B. Winmill 15.0% beneficial ownership, each including 1,925,475.71 shared shares.

Those three individuals also report sole voting and dispositive power over 9,700, 16,900, and 51,078 shares, respectively, while the filing says the related entities and individuals disclaim beneficial ownership of shares held by certain other reporting persons.

Key Figures

Beneficial ownership – Bexil Advisers LLC: 684,699.31 shares (5.3% of class) Beneficial ownership – Bexil Securities LLC: 879,274.60 shares (6.8% of class) Beneficial ownership – Midas Securities Group, Inc.: 1,651,603.71 shares (12.8% of class) +4 more

7 metrics

Beneficial ownership – Bexil Advisers LLC 684,699.31 shares (5.3% of class) Shares of Beneficial Interest of Bexil Investment Trust beneficially owned by Bexil Advisers LLC

Beneficial ownership – Bexil Securities LLC 879,274.60 shares (6.8% of class) Shares of Bexil Investment Trust beneficially owned with shared voting and dispositive power

Beneficial ownership – Midas Securities Group, Inc. 1,651,603.71 shares (12.8% of class) Aggregate amount beneficially owned by Midas Securities Group, Inc.

Beneficial ownership – Winmill & Co. Inc. 1,925,475.71 shares (14.9% of class) Shares of Bexil Investment Trust with shared voting and dispositive power reported by Winmill & Co. Inc.

Beneficial ownership – Thomas B. Winmill 1,976,553.71 shares (15.3% of class) Includes 51,078.00 shares with sole power and 1,925,475.71 shares with shared power

Investment management fee 0.95% of managed assets Annual fee payable monthly to Bexil Advisers LLC under the investment management agreement

Recent open-market purchase 5,000 shares at $17.0271 Winmill & Co. Inc. purchase of Bexil Investment Trust shares on 07/29/2026

Key Terms

beneficial ownership, investment management agreement, managed assets, dispositive power, +2 more

6 terms

beneficial ownership financial

"BSL, BAL, BXLC, MSG, WCI, the Trust, Mark C. Winmill William M. Winmill, and Woodworth B. Winmill disclaim beneficial ownership"

Beneficial ownership means the person or entity that actually enjoys the benefits of owning shares or other assets — such as receiving dividends, voting rights, or price gains — even if the legal title is held in another name. For investors it matters because knowing who truly controls and profits from a company reveals who can influence decisions, exposes potential conflicts of interest or hidden concentration of power, and affects transparency and risk in the stock.

investment management agreement financial

"Pursuant to an investment management agreement effective September 19, 2012 ("IMA"), BAL receives a fee"

An investment management agreement is a written contract that hires a professional to make buying, selling and strategy decisions for an investment account or fund, and sets out their duties, fees, risk limits, performance measures and reporting requirements. It matters to investors because the agreement determines who controls the money, how much the service costs, what risks are allowed, and how success or failure is measured—think of it as the service contract that defines expectations and remedies for a hired portfolio manager.

managed assets financial

""Managed assets" means the average weekly value of the Issuer's total assets minus the sum of the Issuer's liabilities"

Managed assets are the financial investments—such as stocks, bonds, cash, or real estate—that a professional firm or advisor oversees and makes decisions about on behalf of clients. They matter to investors because the amount and performance of these assets influence a manager’s revenue, reputation, and the client’s potential returns, much like the size and health of a garden reflect a gardener’s skill and likely harvest.

dispositive power financial

"Number of Shares Beneficially Owned by Each Reporting Person With: Sole Dispositive Power 0.00 Shared Dispositive Power 1,925,475.71"

Dispositive power is the authority to decide the final outcome of an asset, legal claim, contract, or corporate action — in effect the power to dispose of or resolve something. For investors it matters because whoever holds that authority can determine who gets paid, who controls an asset or vote, and how risks and returns are allocated; think of it like holding the key that lets you lock in the winner or loser in a deal.

open market financial

"Reporting Person: WCI Date: 07/29/2026 Transaction: Purchase Number of Shares: 5,000 Price per Share: $17.0271 Where and How Transaction Effected: Open Market"

An open market is a system where buying and selling of goods, services, or financial assets happen freely without restrictions or special controls. For investors, it means they can trade assets easily and quickly, which helps determine fair prices based on supply and demand. This environment encourages transparency and competition, making it easier to buy or sell with confidence.

Schedule 13D regulatory

"If the filing person has previously filed a statement on Schedule 13G to report the acquisition"

A Schedule 13D is a legal document that investors file with regulators when they buy a large enough stake in a company to potentially influence its management or decisions. It provides details about the investor’s intention, ownership stake, and plans, helping other investors understand who is gaining control and what their motives might be.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Available on EDGAR 07/31/2026 - 04:25 PM Accepted by SEC EDGAR 07/31/2026 - 04:25 PM Learn about SEC filing dates

FAQ

What ownership stakes in Bexil Investment Trust (BXSY) do Winmill-affiliated entities report?

Winmill-affiliated entities report beneficial stakes up to 15.3% in Bexil Investment Trust. Thomas B. Winmill reports 1,976,553.71 shares (15.3%), while Winmill & Co. Inc. and the Winmill Family Trust each report 1,925,475.71 shares (14.9%).

Which entities are reporting persons in the Bexil Investment Trust (BXSY) Schedule 13D/A?

Reporting persons include Bexil Securities LLC, Bexil Advisers LLC, Bexil Corporation, Midas Securities Group, Winmill & Co. Inc., the Winmill Family Trust and four Winmill family members, who together disclose layered ownership and control relationships over these holdings.

What recent Bexil Investment Trust (BXSY) share purchases were disclosed by Winmill & Co. Inc.?

Winmill & Co. Inc. disclosed open-market purchases between June 23 and July 29, 2026. Transactions include 5,000 shares at $17.0271 on July 29, 2026 and multiple smaller trades around $16.78–$17.20 per share.

What fee does Bexil Advisers LLC earn for managing Bexil Investment Trust (BXSY)?

Bexil Advisers LLC earns a 0.95% annual fee on the trust’s managed assets. Managed assets are defined as average weekly total assets minus specified liabilities, and the adviser is also reimbursed at cost for certain compliance and accounting services.

What is the stated purpose of the share acquisitions reported for Bexil Investment Trust (BXSY)?

The reporting persons state they acquired the shares for investment purposes. They also note they may modify, change, abandon, or replace their plans regarding these holdings at any time in the future.

How is control over Winmill & Co. Inc. and Midas Securities Group tied to the Winmill family in BXSY?

The Winmill Family Trust owns all voting stock of Winmill & Co. Inc., which wholly owns Midas Securities Group. The trust’s four trustees, including Mark, Thomas, William, and Woodworth Winmill, share equal voting rights over related voting and investment decisions.

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13D

Under the Securities Exchange Act of 1934

(Amendment No. 11)

Bexil Investment Trust

(Name of Issuer)

Shares of Beneficial Interest

(Title of Class of Securities)

25538A204

(CUSIP Number)

Russell Kamerman
17 Old Drewsville Road,
Walpole, NH, 03608
2127850900

(Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications)

07/29/2026

(Date of Event Which Requires Filing of This Statement)

If the filing person has previously filed a statement on Schedule 13G to report the acquisition that is the subject of this Schedule 13D, and is filing this schedule because of §§ 240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check the following box.

The information required on the remainder of this cover page shall not be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange Act of 1934 ("Act") or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).

schemaVersion:

SCHEDULE 13D

CUSIP Number(s): 25538A204

1

Name of reporting person

Bexil Securities LLC

2

Check the appropriate box if a member of a Group (See Instructions)

(a)
(b)

3

SEC use only

4

Source of funds (See Instructions)

WC

5

Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)

6

Citizenship or place of organization

MARYLAND

Number of Shares Beneficially Owned by Each Reporting Person With:

7	Sole Voting Power 0.00
8	Shared Voting Power 879,274.60
9	Sole Dispositive Power 0.00
10	Shared Dispositive Power 879,274.60

11

Aggregate amount beneficially owned by each reporting person

879,274.60

12

Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)

13

Percent of class represented by amount in Row (11)

6.8 %

14

Type of Reporting Person (See Instructions)

OO

SCHEDULE 13D

CUSIP Number(s): 25538A204

1

Name of reporting person

Bexil Advisers LLC

2

Check the appropriate box if a member of a Group (See Instructions)

(a)
(b)

3

SEC use only

4

Source of funds (See Instructions)

WC

5

Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)

6

Citizenship or place of organization

MARYLAND

Number of Shares Beneficially Owned by Each Reporting Person With:

7	Sole Voting Power 0.00
8	Shared Voting Power 684,699.31
9	Sole Dispositive Power 0.00
10	Shared Dispositive Power 684,699.31

11

Aggregate amount beneficially owned by each reporting person

684,699.31

12

Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)

13

Percent of class represented by amount in Row (11)

5.3 %

14

Type of Reporting Person (See Instructions)

IA

SCHEDULE 13D

CUSIP Number(s): 25538A204

1

Name of reporting person

BEXIL CORP

2

Check the appropriate box if a member of a Group (See Instructions)

(a)
(b)

3

SEC use only

4

Source of funds (See Instructions)

AF

5

Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)

6

Citizenship or place of organization

MARYLAND

Number of Shares Beneficially Owned by Each Reporting Person With:

7	Sole Voting Power 0.00
8	Shared Voting Power 1,589,351.71
9	Sole Dispositive Power 0.00
10	Shared Dispositive Power 1,589,351.71

11

Aggregate amount beneficially owned by each reporting person

1,589,351.71

12

Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)

13

Percent of class represented by amount in Row (11)

12.3 %

14

Type of Reporting Person (See Instructions)

HC

SCHEDULE 13D

CUSIP Number(s): 25538A204

1

Name of reporting person

Midas Securities Group, Inc.

2

Check the appropriate box if a member of a Group (See Instructions)

(a)
(b)

3

SEC use only

4

Source of funds (See Instructions)

AF

5

Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)

6

Citizenship or place of organization

DELAWARE

Number of Shares Beneficially Owned by Each Reporting Person With:

7	Sole Voting Power 0.00
8	Shared Voting Power 1,651,603.71
9	Sole Dispositive Power 0.00
10	Shared Dispositive Power 1,651,603.71

11

Aggregate amount beneficially owned by each reporting person

1,651,603.71

12

Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)

13

Percent of class represented by amount in Row (11)

12.8 %

14

Type of Reporting Person (See Instructions)

BD

SCHEDULE 13D

CUSIP Number(s): 25538A204

1

Name of reporting person

WINMILL & CO. INC

2

Check the appropriate box if a member of a Group (See Instructions)

(a)
(b)

3

SEC use only

4

Source of funds (See Instructions)

AF

5

Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)

6

Citizenship or place of organization

DELAWARE

Number of Shares Beneficially Owned by Each Reporting Person With:

7	Sole Voting Power 0.00
8	Shared Voting Power 1,925,475.71
9	Sole Dispositive Power 0.00
10	Shared Dispositive Power 1,925,475.71

11

Aggregate amount beneficially owned by each reporting person

1,925,475.71

12

Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)

13

Percent of class represented by amount in Row (11)

14.9 %

14

Type of Reporting Person (See Instructions)

HC

SCHEDULE 13D

CUSIP Number(s): 25538A204

1

Name of reporting person

Winmill Family Trust

2

Check the appropriate box if a member of a Group (See Instructions)

(a)
(b)

3

SEC use only

4

Source of funds (See Instructions)

AF

5

Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)

6

Citizenship or place of organization

NEW HAMPSHIRE

Number of Shares Beneficially Owned by Each Reporting Person With:

7	Sole Voting Power 0.00
8	Shared Voting Power 1,925,475.71
9	Sole Dispositive Power 0.00
10	Shared Dispositive Power 1,925,475.71

11

Aggregate amount beneficially owned by each reporting person

1,925,475.71

12

Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)

13

Percent of class represented by amount in Row (11)

14.9 %

14

Type of Reporting Person (See Instructions)

HC

SCHEDULE 13D

CUSIP Number(s): 25538A204

1

Name of reporting person

WINMILL MARK CAMPBELL

2

Check the appropriate box if a member of a Group (See Instructions)

(a)
(b)

3

SEC use only

4

Source of funds (See Instructions)

AF

5

Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)

6

Citizenship or place of organization

UNITED STATES

Number of Shares Beneficially Owned by Each Reporting Person With:

7	Sole Voting Power 0.00
8	Shared Voting Power 1,925,475.71
9	Sole Dispositive Power 0.00
10	Shared Dispositive Power 1,925,475.71

11

Aggregate amount beneficially owned by each reporting person

1,925,475.71

12

Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)

13

Percent of class represented by amount in Row (11)

14.9 %

14

Type of Reporting Person (See Instructions)

IN

SCHEDULE 13D

CUSIP Number(s): 25538A204

1

Name of reporting person

WINMILL THOMAS BASSETT

2

Check the appropriate box if a member of a Group (See Instructions)

(a)
(b)

3

SEC use only

4

Source of funds (See Instructions)

AF, PF

5

Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)

6

Citizenship or place of organization

UNITED STATES

Number of Shares Beneficially Owned by Each Reporting Person With:

7	Sole Voting Power 51,078.00
8	Shared Voting Power 1,925,475.71
9	Sole Dispositive Power 51,078.00
10	Shared Dispositive Power 1,925,475.71

11

Aggregate amount beneficially owned by each reporting person

1,976,553.71

12

Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)

13

Percent of class represented by amount in Row (11)

15.3 %

14

Type of Reporting Person (See Instructions)

IN

SCHEDULE 13D

CUSIP Number(s): 25538A204

1

Name of reporting person

Winmill William McCollum

2

Check the appropriate box if a member of a Group (See Instructions)

(a)
(b)

3

SEC use only

4

Source of funds (See Instructions)

AF, PF

5

Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)

6

Citizenship or place of organization

UNITED STATES

Number of Shares Beneficially Owned by Each Reporting Person With:

7	Sole Voting Power 9,700.00
8	Shared Voting Power 1,925,475.71
9	Sole Dispositive Power 9,700.00
10	Shared Dispositive Power 1,925,475.71

11

Aggregate amount beneficially owned by each reporting person

1,935,175.71

12

Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)

13

Percent of class represented by amount in Row (11)

15.0 %

14

Type of Reporting Person (See Instructions)

IN

SCHEDULE 13D

CUSIP Number(s): 25538A204

1

Name of reporting person

Winmill Woodworth Borst

2

Check the appropriate box if a member of a Group (See Instructions)

(a)
(b)

3

SEC use only

4

Source of funds (See Instructions)

AF, PF

5

Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)

6

Citizenship or place of organization

UNITED STATES

Number of Shares Beneficially Owned by Each Reporting Person With:

7	Sole Voting Power 16,900.00
8	Shared Voting Power 1,925,475.71
9	Sole Dispositive Power 16,900.00
10	Shared Dispositive Power 1,925,475.71

11

Aggregate amount beneficially owned by each reporting person

1,942,375.71

12

Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)

13

Percent of class represented by amount in Row (11)

15 %

14

Type of Reporting Person (See Instructions)

IN

SCHEDULE 13D

Item 1.	Security and Issuer
(a)	Title of Class of Securities: Shares of Beneficial Interest
(b)	Name of Issuer: Bexil Investment Trust
(c)	Address of Issuer's Principal Executive Offices: 17 Old Drewsville Road, Walpole, NEW HAMPSHIRE , 03608.
Item 1 Comment: This Schedule 13D relates to the shares of Shares of Beneficial Interest ("Shares") of Bexil Investment Trust (the "Issuer"). The principal executive offices of the Issuer are located at 17 Old Drewsville Road, Walpole, NH 03608.
Item 2.	Identity and Background
(a)	(a) - (c) This Schedule 13D is being filed by the following (collectively, the "Reporting Persons"): Bexil Securities LLC ("BSL") Maryland limited liability company Business services 17 Old Drewsville Road, Walpole, NH 03608 Bexil Advisers LLC ("BAL") Maryland limited liability company Investment adviser 17 Old Drewsville Road, Walpole, NH 03608 Bexil Corporation ("BXLC") Maryland corporation Holding company 17 Old Drewsville Road, Walpole, NH 03608 Midas Securities Group, Inc. ("MSG") Delaware corporation Broker/dealer 17 Old Drewsville Road, Walpole, NH 03608 Winmill & Co. Incorporated ("WCI") Delaware corporation Holding company 17 Old Drewsville Road, Walpole, NH 03608 Winmill Family Trust (the "Trust"), New Hampshire trust Holding company PO Box 1198, Walpole, NH 03608 Mark C. Winmill 3814 Route 44, Millbrook, NY 12545 Thomas B. Winmill 17 Old Drewsville Road, Walpole, NH 03608 William M. Winmill 17 Old Drewsville Road, Walpole, NH 03608 Woodworth B. Winmill 17 Old Drewsville Road, Walpole, NH 03608 Additional information regarding the Reporting Persons filing this Schedule 13D is attached hereto as Exhibit A.
(b)	See Item 2(a).
(c)	See Item 2(a).
(d)	None.
(e)	None.
(f)	Mark C. Winmill, Thomas B. Winmill, William M. Winmill, and Woodworth B. Winmill are citizens of the U.S.A.
Item 3.	Source and Amount of Funds or Other Consideration
	BSL and BXLC used working capital to acquire Shares. Each of Thomas B. Winmill, William M. Winmill, and Woodworth B. Winmill used personal funds to acquire his directly owned Shares. BXLC, MSG, WCI, the Trust, Thomas B. Winmill, Mark C. Winmill, William M. Winmill and Woodworth B. Winmill may be deemed to have indirect beneficial ownership of Shares held by BSL and BAL, which each of them disclaim.
Item 4.	Purpose of Transaction
	This amendment relates to the acquisition of Shares by the Reporting Persons for investment purposes. Notwithstanding any of the foregoing, the Reporting Persons may at any time modify, change, abandon, or replace, some or all of the foregoing purposes and plans and discussions relating thereto or discontinue or re-continue such modifications, changes, abandonments, or replacements at any time.
Item 5.	Interest in Securities of the Issuer
(a)	Incorporated by reference to Items (7) - (11) and (13) of the cover page relating to each Reporting Person. BSL, BAL, BXLC, MSG, WCI, the Trust, Mark C. Winmill William M. Winmill, and Woodworth B. Winmill disclaim beneficial ownership of the Shares held by Thomas B. Winmill. BXLC, MSG, WCI, the Trust, Mark C. Winmill, Thomas B. Winmill William M. Winmill, and Woodworth B. Winmill disclaim beneficial ownership of the Shares held by BSL and BAL. BSL disclaims beneficial ownership of the Shares held by BAL. BAL disclaims beneficial ownership of the Shares held by BSL
(b)	Power to vote and to dispose of the Shares resides with the Reporting Persons as and to the extent described in the separate reporting page for each Reporting Person.
(c)	During the last sixty days, the following transactions were effected in the Shares by the Reporting Persons: Reporting Person: WCI Date: 07/29/2026 Transaction: Purchase Number of Shares: 5,000 Price per Share: $17.0271 Where and How Transaction Effected: Open Market Reporting Person: WCI Date: 07/28/2026 Transaction: Purchase Number of Shares: 2,029 Price per Share: $16.91 Where and How Transaction Effected: Open Market Reporting Person: WCI Date: 07/27/2026 Transaction: Purchase Number of Shares: 4,700 Price per Share: $16.93 Where and How Transaction Effected: Open Market Reporting Person: WCI Date: 07/24/2026 Transaction: Purchase Number of Shares: 4,700 Price per Share: $16.9346 Where and How Transaction Effected: Open Market Reporting Person: WCI Date: 07/23/2026 Transaction: Purchase Number of Shares: 4,500 Price per Share: $17.1258 Where and How Transaction Effected: Open Market Reporting Person: WCI Date: 07/22/2026 Transaction: Purchase Number of Shares: 3,887 Price per Share: $17.20 Where and How Transaction Effected: Open Market Reporting Person: WCI Date: 07/20/2026 Transaction: Purchase Number of Shares: 4,500 Price per Share: $17.03 Where and How Transaction Effected: Open Market Reporting Person: WCI Date: 07/17/2026 Transaction: Purchase Number of Shares: 4,500 Price per Share: $17.01 Where and How Transaction Effected: Open Market Reporting Person: WCI Date: 07/15/2026 Transaction: Purchase Number of Shares: 4,500 Price per Share: $16.9862 Where and How Transaction Effected: Open Market Reporting Person: WCI Date: 07/13/2026 Transaction: Purchase Number of Shares: 4,500 Price per Share: $17.04 Where and How Transaction Effected: Open Market Reporting Person: WCI Date: 06/29/2026 Transaction: Purchase Number of Shares: 1 Price per Share: $17.03 Where and How Transaction Effected: Open Market Reporting Person: WCI Date: 06/26/2026 Transaction: Purchase Number of Shares: 300 Price per Share: $17.03 Where and How Transaction Effected: Open Market Reporting Person: WCI Date: 06/25/2026 Transaction: Purchase Number of Shares: 1,050 Price per Share: $16.97 Where and How Transaction Effected: Open Market Reporting Person: WCI Date: 06/24/2026 Transaction: Purchase Number of Shares: 1,000 Price per Share: $16.81 Where and How Transaction Effected: Open Market Reporting Person: WCI Date: 06/23/2026 Transaction: Purchase Number of Shares: 1,135 Price per Share: $16.78 Where and How Transaction Effected: Open Market
(d)	None.
(e)	Not applicable.
Item 6.	Contracts, Arrangements, Understandings or Relationships With Respect to Securities of the Issuer
	BXLC is the sole member of BSL and BAL, the investment manager of the Issuer. BXLC is a holding company. Thomas B. Winmill is a director of BXLC. MSG owns approximately 21% of the outstanding shares of BXLC. MSG, a registered broker/dealer, is a wholly owned subsidiary of WCI. WCI is also a holding company. The Trust owns all of the voting stock of WCI. The Trust has four trustees, including Thomas B. Winmill, Mark C. Winmill, William M. Winmill, and Woodworth B. Winmill each with equal voting rights, meaning that a majority of the trustees must agree with respect to voting and investment decisions. BAL is the investment manager of the Issuer. Pursuant to an investment management agreement effective September 19, 2012 ("IMA"), BAL receives a fee payable monthly for investment advisory services at an annual rate of 0.95% of the Issuer's managed assets. "Managed assets" means the average weekly value of the Issuer's total assets minus the sum of the Issuer's liabilities, which liabilities exclude debt relating to leverage, short term debt, and the aggregate liquidation preference of any outstanding preferred stock. Additionally, pursuant to the IMA, the Issuer reimburses BAL for providing at cost certain administrative services comprised of compliance and accounting services. Certain officers and directors of the Issuer are officers, directors, trustees, and managers of the Reporting Persons. Each of Mark C. Winmill, William M. Winmill, and Woodworth B. Winmill, a Reporting Person, may be deemed to be a controlling person of WCI and MSG. Each of Thomas B. Winmill, Mark C. Winmill, William M. Winmill, Woodworth B. Winmill Russell Kamerman, Donald Klimoski II, and Thomas O'Malley are directors, managers, and/or officers of one or more of WCI, MSG, BXLC, BSL, BAL, and the Issuer. The Issuer has standing audit, nominating, and governance committees comprised of independent directors Roger A. Atkinson, Jon Tomasson, and Peter K. Werner. The function of the audit committee is to routinely review financial statements and other audit-related matters as they arise throughout the year. The nominating committee, among other things, nominates candidates to the Board of Trustees. The primary purpose of the governance committee is to assist the Board of Trustees in serving its oversight role on behalf of the interests of the Issuer and all of its shareholders in respect to the governing documents of the issuer. The Issuer also has an executive committee comprised of Thomas B. Winmill.
Item 7.	Material to be Filed as Exhibits.
	Exhibit A: Certain information concerning the Reporting Persons. Exhibit B: Agreement to file SC 13D jointly.

SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

Bexil Securities LLC

Signature:	/s/Russell Kamerman
Name/Title:	Bexil Securities LLC
Date:	07/30/2026

Bexil Advisers LLC

Signature:	/s/Russell Kamerman
Name/Title:	Bexil Advisers LLC
Date:	07/30/2026

BEXIL CORP

Signature:	/s/Russell Kamerman
Name/Title:	BEXIL CORP
Date:	07/30/2026

Midas Securities Group, Inc.

Signature:	/s/Russell Kamerman
Name/Title:	Midas Securities Group, Inc.
Date:	07/30/2026

WINMILL & CO. INC

Signature:	/s/Donald Klimoski II
Name/Title:	WINMILL & CO. INC
Date:	07/30/2026

Winmill Family Trust

Signature:	/s/Thomas B. Winmill
Name/Title:	Trustee
Date:	07/30/2026

Signature:	/s/Mark C. Winmill
Name/Title:	Trustee
Date:	07/30/2026

Signature:	/s/William M. Winmill
Name/Title:	Trustee
Date:	07/30/2026

Signature:	/s/Woodworth B. Winmill
Name/Title:	Trustee
Date:	07/30/2026

WINMILL MARK CAMPBELL

Signature:	/s/Mark C. WInmill
Name/Title:	WINMILL MARK CAMPBELL
Date:	07/30/2026

WINMILL THOMAS BASSETT

Signature:	/s/Thomas B. Winmill
Name/Title:	WINMILL THOMAS BASSETT
Date:	07/30/2026

Winmill William McCollum

Signature:	/s/William M. Winmill
Name/Title:	Winmill William McCollum
Date:	07/30/2026

Winmill Woodworth Borst

Signature:	/s/Woodworth B. Winmill
Name/Title:	Winmill Woodworth Borst
Date:	07/30/2026