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Share Name | Share Symbol | Market | Type |
---|---|---|---|
Chartwell Dividend And Income Fund Common Stock | NYSE:CWF | NYSE | Ordinary Share |
Price Change | % Change | Share Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 4.34 | 0.00 | 01:00:00 |
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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