Bexil Corporation Announces New Chartwell Dividend & Income Fund Special Meeting Dates
23 Dicembre 2010 - 8:39PM
Marketwired
Bexil Corporation ("Bexil") (PINKSHEETS: BXLC) announced today that
the date of the two special meetings of stockholders of Chartwell
Dividend & Income Fund (the "Fund") (NYSE: CWF) to seek
approval of a new investment advisory agreement (the "New Advisory
Agreement") between the Fund and Bexil Advisers LLC ("Bexil
Advisers"), a wholly owned subsidiary of Bexil, and for the
election of a new slate of directors (the "Director Nominees") has
been changed to January 31, 2011. The record date for each meeting
and any adjournments or postponements remains as of the close of
business on November 19, 2010. The proxy statement regarding these
proposals is expected to be distributed shortly.
On November 9, 2010, Bexil announced that it has entered into an
agreement with Chartwell Investment Partners ("Chartwell"), the
investment adviser to the Fund, to facilitate the transfer of the
investment management services and responsibilities for the Fund,
together with certain assets and transitional services related
thereto to Bexil Advisers. The Board of Directors (the "Board") of
the Fund approved the New Advisory Agreement between the Fund and
Bexil Advisers, subject to stockholder approval. The Board also
nominated the Director Nominees to be elected by the stockholders
of the Fund.
Bexil Advisers strongly advises all stockholders to read the
Fund's proxy statement and other proxy materials as they become
available because they will contain important information. Proxy
materials will be available at no charge on the SEC's website at
http://www.sec.gov.
This press release is neither an offer to sell,
nor a solicitation of an offer to buy, shares of the Fund, nor is
it a solicitation of any proxy.
About Bexil Corporation Bexil is a holding
company. To learn more about Bexil Corporation, including Rule
15c2-11 information, please visit www.bexil.com. Approximately 22%
of Bexil's shares are owned by Winmill & Co. Incorporated
(WNMLA), which is engaged through subsidiaries in stock market and
gold investing through its investment management of equity and gold
mutual funds.
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 Corporation, 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.
Contact: Thomas O'Malley Chief Financial Officer 1-212-785-0400,
ext. 267 Email Contact www.bexil.com
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