Form 4: Winmill & Co. Increases Stake in Bexil Investment Trust Through Recent Share Purchases

Winmill & Co. Inc., an affiliate of Bexil Investment Trust's registered investment adviser, has increased its direct beneficial ownership in the trust through two recent share purchases.

Summary

• Winmill & Co. Inc. acquired 459 Shares of Beneficial Interest in Bexil Investment Trust on June 30, 2025, at a price of $13.38 per share.
• Following this transaction, Winmill & Co. Inc. directly beneficially owned 155,232 Shares of Beneficial Interest.
• An additional 2,216 Shares of Beneficial Interest were acquired on July 1, 2025, at a price of $13.31 per share.
• After these two transactions, Winmill & Co. Inc.'s direct beneficial ownership in Bexil Investment Trust increased to a total of 157,448 Shares of Beneficial Interest.

Sentiment

Score: 8

Explanation: The sentiment is highly positive due to significant insider buying by an affiliated entity, indicating strong confidence in the company's valuation and future prospects.

Positives

• The reporting person, Winmill & Co. Inc., an affiliate of the Issuer's registered investment adviser, increased its stake, signaling confidence in Bexil Investment Trust's future prospects.
• The purchases were made at market prices of $13.38 and $13.31, indicating a belief that the shares represent good value at these levels.

Risks

• No specific risks related to company operations or financial health are disclosed in this Form 4 filing, which primarily reports changes in beneficial ownership.

Future Outlook

This Form 4 filing does not contain forward-looking statements or guidance regarding the Issuer's future performance or strategic direction.

Management Comments

• Russell Kamerman signed the filing on behalf of Winmill & Co. Incorporated.

Industry Context

Insider buying, as reported in this Form 4, is a common occurrence across various industries and is often interpreted by investors as a signal of management or affiliate confidence in the company's valuation or future prospects. For investment trusts like Bexil, such purchases by affiliated entities can underscore belief in the underlying asset strategy or portfolio performance.

Related Party Transactions

• Winmill & Co. Inc., the reporting person, is identified as an affiliate of the registered investment adviser of Bexil Investment Trust. The reported share purchases are transactions between this affiliated entity and the Issuer.

Stakeholder Impact

• Shareholders may view the insider purchases as a positive indicator of management's confidence, potentially leading to increased investor interest and share price stability or appreciation.

Key Dates

Recommendation

Keywords

BEXIL INVESTMENT TRUST, BXSY, WINMILL & CO. INC., insider trading, beneficial ownership, share purchase, SEC Form 4, investment trust