SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
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FORM 8-K
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934
Date of Report (Date of earliest event reported): March 31, 2004
BEXIL CORPORATION
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(Exact Name of Registrant as Specified in Charter)
Maryland 005-51849 13-3907058
(State or Other Jurisdiction of (Commission File Number) (IRS Employer
Incorporation) Identification No.)
11 Hanover Square New York, NY 10005
(Address of Principal Executive Offices) (ZIP Code)
Registrant's telephone number, including area code: 1-212-785-0400
Not Applicable
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(Former Name or Former Address, if Changed Since Last Report)
Item 7. Financial Statements and Exihibits.
(c) Exhibits.
Exhibit No. Description of Exhibit
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99.1 Press Release announcing its financial results for
the first quarter ended March 31, 2004.
Item 12. Results of Operations and Financial Conditions.
On May 17, 2004, Bexil Corporation (the "Company") issued a press release
announcing financial results for the first quarter ended March 31, 2004. A copy
of the May 17, 2004 press release is attached hereto as Exhibit 99.1 and
incorporated herein by reference.
The information contained in this report on Form 8-K (including the
exhibit) is being furnished pursuant to Item 5 and shall not be deemed to be
"filed" for the purposes of Section 18 of the Securities Exchange Act of 1934,
as amended (the "Exchange Act") or otherwise subject to the liabilities of that
section, nor shall it be deemed incorporated by reference in any filing made by
the Company under the Securities Act of 1933, as amended or the Exchange Act,
except as expressly set forth by specific reference in such a filing.
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the
Registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.
BEXIL CORPORATION
Date: May 17, 2004 /s/ Thomas B. Winmill
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Thomas B. Winmill
President
EXHIBIT INDEX
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Exhibit Number Exhibit Description
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99.1 Press Release announcing its financial
results for the first quarter ended
March 31, 2004.
Exhibit 99.1
Bexil Corporation Announces Financial Results for the First Quarter 2004
New York - Bexil Corporation (AMEX: BXL) today announced its financial results
for the first quarter ended March 31, 2004
2004 2003
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Revenues:
Interest and other income $ 65,441 $ 45,822
Equity in earnings of unconsolidated affiliate 519,511 953,371
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584,952 999,193
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Expenses:
General and administrative 203,493 120,843
Communication costs 4,785 3,670
Professional fees 18,798 23,020
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227,076 147,533
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Income before income taxes 357,876 851,660
Income tax expense (benefit) (17,244) 39,803
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Net income $ 375,120 $ 811,857
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Per share net income:
Basic $ 0.43 $ 0.94
Diluted $ 0.43 $ 0.94
Average shares outstanding:
Basic 879,571 865,111
Diluted 880,928 865,111
Contact: William G. Vohrer
Treasurer
1-212-785-0400, ext. 279
wvohrer@bexil.com