Bexil Announces Acquisition Agreement by Bexil American Mortgage

Bexil Corporation (BXLC) announced today that its majority owned subsidiary, Bexil American Mortgage Inc., has signed a stock purchase agreement under which it would acquire 90% of the equity in a small mortgage bank, and obtain an option to acquire the remaining 10% in the future. Although in connection with the acquisition, both Bexil and Boulderado Group expect to provide additional capital to Bexil American Mortgage, financial terms were not disclosed. If it occurs, the closing of the stock purchase agreement, which is subject to customary closing and other conditions, would normally be announced in the first quarter of 2013. It is anticipated that the acquisition may provide Bexil American Mortgage with potentially a broader product offering and certain See full press release