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Bexil Corporation Announces Special Dividend

NEW YORK, NY--(Marketwire - January 6, 2011) - Bexil Corporation (PINKSHEETS: BXLC) announced today that the Board of Directors has authorized a special dividend to stockholders of $.20 per share of common stock contingent upon the closing of the Transaction Agreement with Chartwell Investment Partners. Upon closing, Bexil Advisers, a wholly owned subsidiary of Bexil, will become the investment adviser to Chartwell Dividend & Income Fund (the "Fund") (NYSE: CWF).

The Transaction Agreement is expected to close on or about the first business day after receipt of stockholder approvals of a new investment advisory agreement and election of a new slate of directors, and satisfaction of the other conditions of the Transaction Agreement. Special meetings of Fund stockholders to consider the new investment advisory agreement and elect directors are currently scheduled for January 31, 2011, subject to adjournment and postponement.

The record date and payment date for the special dividend will be announced after the closing.

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 (PINKSHEETS: WNMLA), which is engaged through subsidiaries in stock market and gold investing through its investment management of equity and gold mutual funds.