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.
Bexil Investment Trust (Stock Symbol: BXSY) (Net Asset Value Symbol: XBXIX) is a closed-end fund with a primary objective of seeking high current income and secondary objective of capital appreciation. The fund invests at least 50% of its total assets in income-generating equity securities and may trade at a premium or discount to NAV. Investors should carefully consider the risks and potential returns associated with investing in the fund.
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.
FAQ
What is the primary objective of Bexil Investment Trust?
What is the secondary objective of Bexil Investment Trust?
How much of its total assets does Bexil Investment Trust invest in income-generating equity securities?
Can shares of Bexil Investment Trust trade at a premium or discount to NAV?
What should investors consider before investing in Bexil Investment Trust?
