Letter from the President

Welcome to Bexil Corporation!

Our objective is simple, straightforward, and sharply focused: to increase book value per share over time for the benefit of stockholders. We believe that long term stockholders will benefit from a rising book value as market recognition builds and investors come to appreciate Bexil's intrinsic value as well. Having the value of your investment in Bexil grow is as important to us as it is to you -- management and affiliates own over 40% of Bexil's shares.

We appreciate and thank you for your interest in Bexil.


Thomas B. Winmill