Bexil Investment Trust Declares September 2024 Quarterly Distribution
Bexil Investment Trust (OTC PINK:BXSY) has declared a quarterly distribution of $0.25 per share, payable on September 27, 2024, to shareholders of record as of September 17, 2024. The distribution is estimated to comprise approximately 8% from net investment income, 92% from capital gains, and 0% from return of capital. This aligns with the Fund's policy to provide shareholders with a stable cash flow per share. However, the Fund cautions that these figures are estimates and may change based on the Fund's fiscal year performance and tax regulations. Shareholders are advised not to draw conclusions about the Fund's investment performance from this distribution.
Bexil Investment Trust (OTC PINK:BXSY) ha annunciato una distribuzione trimestrale di $0.25 per azione, che sarà pagata il 27 settembre 2024, agli azionisti registrati al 17 settembre 2024. Si stima che la distribuzione consista approssimativamente in 8% proveniente da reddito netto da investimenti, 92% da guadagni in conto capitale e 0% da restituzione di capitale. Questo è in linea con la politica del Fondo di fornire agli azionisti un flusso di cassa stabile per azione. Tuttavia, il Fondo avverte che queste cifre sono stime e potrebbero variare in base alla performance fiscale del Fondo e alle normative fiscali. Si consiglia agli azionisti di non trarre conclusioni sulle performance degli investimenti del Fondo da questa distribuzione.
Bexil Investment Trust (OTC PINK:BXSY) ha declarado una distribución trimestral de $0.25 por acción, que se pagará el 27 de septiembre de 2024, a los accionistas registrados al 17 de septiembre de 2024. Se estima que la distribución consiste aproximadamente en 8% de ingresos netos de inversiones, 92% de ganancias de capital y 0% de retorno de capital. Esto se alinea con la política del Fondo de proporcionar a los accionistas un flujo de efectivo estable por acción. Sin embargo, el Fondo advierte que estas cifras son estimaciones y pueden cambiar según el desempeño fiscal del Fondo y las regulaciones fiscales. Se aconseja a los accionistas no sacar conclusiones sobre el rendimiento de las inversiones del Fondo a partir de esta distribución.
Bexil Investment Trust (OTC PINK:BXSY)는 주당 $0.25의 분기 배당금을 발표하였으며, 이를 2024년 9월 27일에 배당하고, 2024년 9월 17일 기준으로 등록된 주주에게 지급할 예정입니다. 이 배당금은 대략 순 투자 수익의 8%, 자본 이익의 92%, 자본 반환의 0%에서 나오는 것으로 추정됩니다. 이는 주주들에게 안정적인 현금 흐름을 제공하려는 펀드의 정책과 일치합니다. 그러나 펀드는 이러한 수치가 추정치이며 펀드의 회계 연도 성과와 세금 규정에 따라 변경될 수 있음을 경고합니다. 주주들은 이 배당금을 통해 펀드의 투자 성과에 대한 결론을 내리지 말 것을 권장합니다.
Bexil Investment Trust (OTC PINK:BXSY) a déclaré une distribution trimestrielle de 0,25 $ par action, payable le 27 septembre 2024, aux actionnaires inscrits au 17 septembre 2024. La distribution est estimée à environ 8% provenant des revenus nets d'investissement, 92% des gains en capital et 0% du retour de capital. Cela s'inscrit dans la politique du Fonds de fournir aux actionnaires un flux de trésorerie stable par action. Cependant, le Fonds prévient que ces chiffres sont des estimations et peuvent changer en fonction des performances fiscales du Fonds et des réglementations fiscales. Il est conseillé aux actionnaires de ne pas tirer de conclusions sur la performance d'investissement du Fonds à partir de cette distribution.
Bexil Investment Trust (OTC PINK:BXSY) hat eine vierteljährliche Ausschüttung von $0.25 pro Aktie erklärt, die am 27. September 2024 an die Aktionäre, die am 17. September 2024 im Aktienregister stehen, ausgezahlt wird. Die Ausschüttung wird voraussichtlich ungefähr 8% aus Nettoanlageerträgen, 92% aus Kapitalgewinnen und 0% aus Rückzahlung von Kapital bestehen. Dies steht im Einklang mit der Politik des Fonds, den Aktionären einen stabilen Cashflow pro Aktie zu bieten. Der Fonds warnt jedoch, dass diese Zahlen Schätzungen sind und sich basierend auf der finanziellen Jahresbericht des Fonds und den Steuervorschriften ändern können. Aktionären wird geraten, aus dieser Ausschüttung keine Rückschlüsse auf die Anlageperformance des Fonds zu ziehen.
- Quarterly distribution of $0.25 per share declared
- 92% of distribution estimated to come from capital gains
- Consistent with Fund's policy to provide stable cash flow to shareholders
- Only 8% of distribution estimated to come from net investment income
- Distribution may not reduce or eliminate market price discount to NAV
Notification of Sources of Distribution
Statement Pursuant to Section 19(a) of the Investment Company Act of 1940
ROCHESTER, NY / ACCESSWIRE / September 3, 2024 / A quarterly distribution of
Under U.S. tax rules applicable to the Fund, the amount and character of distributable income for each tax year can be finally determined only as of the end of the Fund's tax year. However, under Section 19 of the Investment Company Act of 1940, as amended ("1940 Act"), and related rules, the Fund may be required to indicate to shareholders the source of certain distributions to shareholders. The information provided herein does not represent information for tax reporting purposes. Earnings and profits on a tax basis may differ.
This notice discloses information on the sources of the distribution as required by Section 19(a) of the 1940 Act. As of September 3, 2024, and based on the Fund's results and estimates for the current quarter, the current distribution of
Shareholders should not draw any conclusions about the Fund's investment performance from the amount of this distribution or from the terms of the Fund's distribution policy.
Distributions may be paid from net investment income, net realized capital gains, or return of capital, or a combination thereof. To the extent that the Fund has estimated that it has distributed more than such income and gains, the distribution may be a return of capital. A return of capital may occur, for example, when money invested in the Fund is paid back to shareholders. A return of capital distribution does not necessarily reflect the Fund's investment performance and should not be confused with "yield" or "income." Additionally, a return of capital is not taxable; rather it reduces the tax basis of the shareholder's Fund shares, thereby increasing the potential gain or reducing potential loss on the shareholder's subsequent sale of those shares.
The amounts and sources of distributions reported in this 19(a) Notice are only estimates based on book earnings, are likely to change over time and are not being provided for tax reporting purposes. The actual amounts and sources of the amounts for tax reporting purposes will depend upon the Fund's investment experience during the entirety of its fiscal year and may be subject to changes based on tax regulations.
THE FUND INTENDS TO SEND SHAREHOLDERS A FORM 1099-DIV FOR THE CALENDAR YEAR THAT WILL INSTRUCT HOW TO REPORT THESE DISTRIBUTIONS FOR FEDERAL INCOME TAX PURPOSES.
This quarterly distribution reflects the Fund's current distribution policy to provide shareholders with a relatively stable cash flow per share. There is no guarantee that the Fund's current distribution policy will reduce or eliminate the Fund's market price discount to its net asset value ("NAV") per share, if any, and the Fund's trustees have no fiduciary duty to take action, or to consider taking any action, to narrow any such discount. The distribution policy may be amended, suspended, or terminated at any time without prior notice.
About the Fund
The Fund is a closed end fund with the primary investment objective of seeking high current income. Capital appreciation is a secondary objective. The Fund seeks to achieve its objectives by investing, under normal circumstances, at least
Shares of closed end funds frequently trade at a discount from their NAV. This characteristic is a risk separate and distinct from the risk that the Fund's NAV has decreased in the past, and may decrease in the future, as a result of its investment activities and other events. Neither the Investment Manager nor the Fund can predict whether shares of the Fund will trade at, below, or above NAV. The risk of holding shares of the Fund that might trade at a discount is more pronounced for investors expecting to sell their shares in a relatively short period of time after acquiring them because, for those investors, realization of a gain or loss on their investments is likely to be more dependent upon the existence of a premium or discount than upon portfolio performance. The shares of the Fund are designed primarily for long term investors and should not be considered a vehicle for trading purposes. The NAV of the Fund's shares typically will fluctuate with price changes of the Fund's portfolio securities, and these fluctuations are likely to be greater in the case of a fund which uses leverage, as the Fund may from time to time. In the event that shares of the Fund trade at a premium to NAV, there is no assurance that any such premium will be sustained for any period of time and will not decrease, or that the shares of the Fund will not trade at a discount to NAV thereafter. The market price for the Fund is based on supply and demand which fluctuates daily based on many factors, such as economic conditions and global events, investor sentiment, and security-specific factors.
There is no assurance that the Fund's investment objectives will be attained. Past performance is no guarantee of future results. You should consider the investment objectives, risks, charges and expenses of the Fund carefully before investing. The Fund's investment policies, management fees and other matters of interest to prospective investors may be found in its filings with the U.S. Securities and Exchange Commission ("SEC"), including its annual and semi-annual reports. To obtain a copy of the reports, please call us at 212-785-0900 or download them at www.BexilInvestmentTrust.com. Please read the reports carefully before investing.
To learn more about the Fund visit www.BexilInvestmentTrust.com. For Fund shareholder services, please call the Fund's transfer agent, Equiniti Trust Company, LLC, at 800-937-5449. Bexil Investment Trust is part of a fund complex which includes the Midas Funds and Foxby Corp.
This notice is provided for informational purposes only. This is not a prospectus, circular, or representation intended for use in the purchase of shares of the Fund or any securities mentioned in this notice. This notice shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities in any state in which such offer, solicitation, or sale would be unlawful prior to registration or qualification under the securities laws of any such state or an exemption therefrom.
Investment products, including shares of closed end funds, are not federally or FDIC insured, are not deposits or obligations of, or guaranteed by, any financial institution and involve investment risk, including possible loss of principal and fluctuation in value. Consult with your tax advisor or attorney regarding specific tax issues.
Cautionary Note Regarding Forward Looking Statements
Certain information presented in this release may contain "forward looking statements" within the meaning of the federal securities laws, including the Private Securities Litigation Reform Act of 1995. Forward looking statements include, but are not limited to, statements concerning the Fund's plans, objectives, goals, strategies, distributions and their amounts and timing, distribution declarations, future events, future performance, prospects of its portfolio holdings, or intentions, and other information that is not historical information. In some cases, forward looking statements can be identified by terminology such as "believes," "expects," "estimates," "may," "will," "should," "anticipates," "projects," "plans," or "intends," or the negative of such terms or other comparable terminology, or by discussions of strategy. All forward looking statements by the Fund involve known and unknown risks, uncertainties, and other factors, many of which are beyond the control of the Fund, which may cause the Fund's actual results to be materially different from those expressed or implied by such statements. These risks may include, but are not limited to, equity securities risk, corporate bonds risk, credit risk, interest rate risk, leverage and borrowing risk, additional risks of certain securities in which the Fund invests, market discount from NAV, distribution policy risk, management risk, and other risks discussed in the Fund's filings with the SEC. The Fund may also make additional forward looking statements from time to time. All such subsequent forward looking statements, whether written or oral, by the Fund or on its behalf, are also expressly qualified by these cautionary statements. Investors should carefully consider the risks, uncertainties, and other factors, together with all of the other information included in the Fund's filings with the SEC, and similar information. All forward looking statements apply only as of the date made. The Fund undertakes no obligation to publicly update or revise forward looking statements, whether as a result of new information, future events, or otherwise. Thus you should not place undue reliance on forward looking statements.
Contact:
Thomas O'Malley
Chief Financial Officer
1-212-785-0900
tomalley@performancedriven.us
www.BexilInvestmentTrust.com
SOURCE: Bexil Investment Trust
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