Bexil : Announces New Director

Press Release

Bexil Corporation Announces New Director

June 12, 2023 - Bexil Corporation (OTC Pink: BXLC) ("Bexil" or the "Company") today announced that, effective June 9, 2023, Mr. Woodworth Winmill has been appointed and elected to serve as a Class II director of the Company to serve until the next annual meeting of stockholders and until his successor is elected and qualifies. Among other things, Mr. Winmill was deemed to have an excellent educational background, a reputation for high ethical standards and personal and professional integrity, and strong financial, technical and other expertise which may complement the Board's existing mix of skills and qualifications.

About Bexil Corporation

The objective of Bexil Corporation, a holding company, is to increase book value per share over time for the benefit of its stock- holders. The Company is primarily engaged through a wholly owned subsidiary, Bexil Advisers LLC, in investment manage- ment. Bexil Advisers is a registered investment adviser and the investment manager to Dividend and Income Fund, a closed end fund (Stock Symbol: DNIF) (NAV Symbol: XDNIX). To learn more about Bexil please visit www.Bexil.com.

Safe Harbor Note

This release may contain certain "forward looking statements" within the meaning of federal securities laws including, but not limited to the Private Securities Litigation Reform Act of 1995. These statements involve known and unknown risks, un- certainties, and other factors, many of which are beyond the control of Bexil, which may cause the Company's actual results to be materially different from those expressed or implied by such statements. The Company may also make additional forward looking statements from time to time. All such subsequent forward looking statements, whether written or oral, by the Company or on its behalf, are also expressly qualified by these cautionary statements. Investors should carefully consider the risks, uncertainties, and other factors, together with the information included in the Company's Annual Report, at http://www.bexil.com/cautionary-language.html, and similar information. All 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.

The Company views book value per share, a non-GAAPfinancial measure, as an important indicator of financial perfor- mance. Presented in conjunction with other financial information, the combined presentation can enhance an investor's understanding of the Company's underlying financial condition and results from operations. The definition of book value as presented in this press release is shareholders' equity attributable to Bexil shareholders divided by currently issued and outstanding shares.

Contact:	Thomas O'Malley
	Chief Financial Officer
	212-785-0900
	[e-mail]
	www.Bexil.com

Bexil.com