Bexil Corporation Announces Late Filing of First Quarter 10QSB and Unaudited Comparative Financial Data.

NEW YORK -- Bexil Corporation (AMEX: BXL) announced today it had submitted a notification of late filing on Form 12b-25 that it would make a late filing of its quarterly report on Form 10-QSB for the quarter ended March 31, 2005. The Form 10-QSB filing is currently expected by June 15, 2005.

The Company stated that due to delays in concluding the new client acceptance process, the successor independent registered public accounting firm was not engaged until April 13, 2005, and the Company currently anticipates filing its Annual Report on Form 10-KSB for the year ended December 31, 2004 by May 27, 2005. Upon completion of that filing, the Company will seek to file Form 10-QSB as soon as possible thereafter.

Unaudited Comparative Financial Data

Bexil also released preliminary and unaudited comparative data of its financial results for the quarter ended March 31, 2005. Although subject to review, the Company expects to show that earnings per share in the first quarter ending March 31, 2005 exceeded 2004 first quarter results by approximately 23%.

Bexil is a holding company operating businesses directly or through companies in which it has a majority or other substantial interest. More information about Bexil may be found at its web site http://www.bexil.com. Bexil's primary business is comprised of its 50% interest in privately held York, an unconsolidated affiliate accounted for by the equity method. More information about York may be found at its web site, http://www.yorkclaims.com.

This press release may contain forward-looking statements and similar expressions that reflect Bexil's current expectations about its future performance, and are subject to risks, uncertainties and other factors that could cause Bexil's actual performance to differ materially from those expressed in, or implied by, these forward-looking statements.