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Check the appropriate box to designate the rule pursuant to which this Schedule is filed:
Checkbox not checked   Rule 13d-1(b)
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SCHEDULE 13D/A 0001510001-12-000003 0001510001 XXXXXXXX LIVE 10 Shares of Beneficial Interest 12/31/2024 false 0001059213 25538A204 Bexil Investment Trust 2255 Buffalo Road Rochester NY 14624 Russell L. Kamerman, Esq. 212-785-0900 2255 Buffalo Road Rochester NY 14624 0001510001 Bexil Securities LLC WC MD 0 879274.6 0 879274.6 879274.6 N 6.8 OO 0001520629 Bexil Advisers LLC WC MD 0 684699.31 0 684699.31 684699.31 N 5.3 IA 0001023714 Bexil Corporation AF MD 0 1589351.71 0 1589351.71 1589351.71 N 12.3 HC 0001141394 Midas Securities Group, Inc. AF DE 0 1651603.71 0 1651603.71 1651603.71 N 12.8 BD 0000052234 Winmill & Co. Incorporated AF DE 0 1806376.71 0 1806376.71 1806376.71 N 14 HC Y Winmill Family Trust AF NH 0 1806376.71 0 1806376.71 1806376.71 N 14 HC 0001019264 Mark Campbell Winmill AF X1 0 1806376.71 0 1806376.71 1806376.71 N 14 IN 0001018500 Thomas Bassett Winmill AF PF X1 51078 1806376.71 51078 1806376.71 1857454.71 N 14.4 IN 0001733616 William M. Winmill AF PF X1 7700 1806376.71 7700 1806376.71 1814076.71 N 14 IN 0002050757 Woodworth Borst Winmill AF PF X1 12400 1806376.71 12400 1806376.71 1818776.71 N 14.1 IN Shares of Beneficial Interest Bexil Investment Trust 2255 Buffalo Road Rochester NY 14624 (a) - (c) This Schedule 13D is being filed by the following (collectively, the "Reporting Persons"): Bexil Securities LLC ("BSL") Maryland limited liability company Business services 2255 Buffalo Road, Rochester, NY 14624 Bexil Advisers LLC ("BAL") Maryland limited liability company Investment adviser 2255 Buffalo Road, Rochester, NY 14624 Bexil Corporation ("BXLC") Maryland corporation Holding company 2255 Buffalo Road, Rochester, NY 14624 Midas Securities Group, Inc. ("MSG") Delaware corporation Broker/dealer 2255 Buffalo Road, Rochester, NY 14624 Winmill & Co. Incorporated ("WCI") Delaware corporation Holding company 2255 Buffalo Road, Rochester, NY 14624 Winmill Family Trust (the "Trust"), New Hampshire trust Holding company PO Box 1198, Walpole, NH 03608 Mark C. Winmill 3814 Route 44, Millbrook, NY 12545 Thomas B. Winmill PO Box 4, Walpole, NH 03608 William M. Winmill 2255 Buffalo Road, Rochester, NY 14624 Woodworth B. Winmill 2255 Buffalo Road, Rochester, NY 14624 Additional information regarding the Reporting Persons filing this Schedule 13D is attached hereto as Exhibit A. See Item 2(a). See Item 2(a). None. None. Mark C. Winmill, Thomas B. Winmill, William M. Winmill, and Woodworth B. Winmill are citizens of the U.S.A. BSL and BXLC used working capital to acquire Shares. Each of Thomas B. Winmill, William M. Winmill, and Woodworth B. Winmill used personal funds to acquire his directly owned Shares. BXLC, MSG, WCI, the Trust, Thomas B. Winmill, Mark C. Winmill, William M. Winmill and Woodworth B. Winmill may be deemed to have indirect beneficial ownership of Shares held by BSL and BAL, which each of them disclaim. This amendment relates to the acquisition of Shares by the Reporting Persons for investment purposes. Notwithstanding any of the foregoing, the Reporting Persons may at any time modify, change, abandon, or replace, some or all of the foregoing purposes and plans and discussions relating thereto or discontinue or re-continue such modifications, changes, abandonments, or replacements at any time. Incorporated by reference to Items (7) - (11) and (13) of the cover page relating to each Reporting Person. BSL, BAL, BXLC, MSG, WCI, the Trust, Mark C. Winmill William M. Winmill, and Woodworth B. Winmill disclaim beneficial ownership of the Shares held by Thomas B. Winmill. BXLC, MSG, WCI, the Trust, Mark C. Winmill, Thomas B. Winmill William M. Winmill, and Woodworth B. Winmill disclaim beneficial ownership of the Shares held by BSL and BAL. BSL disclaims beneficial ownership of the Shares held by BAL. BAL disclaims beneficial ownership of the Shares held by BSL. Power to vote and to dispose of the Shares resides with the Reporting Persons as and to the extent described in the separate reporting page for each Reporting Person. During the last sixty days, the following transactions were effected in the Shares by the Reporting Persons: Reporting Person: BSL Date: 12/31/2024 Transaction: Dividend Distribution Reinvestment Number of Shares: 21,896.33 Price per Share: $12.53 Where and How Transaction Effected: Issuer Dividend Reinvestment Plan Reporting Person: BAL Date: 12/31/2024 Transaction: Dividend Distribution Reinvestment Number of Shares: 17,050.88 Price per Share: $12.53 Where and How Transaction Effected: Issuer Dividend Reinvestment Plan Reporting Person: BXLC Date: 12/31/2024 Transaction: Dividend Distribution Reinvestment Number of Shares: 631.98 Price per Share: $12.53 Where and How Transaction Effected: Issuer Dividend Reinvestment Plan None. Not applicable. BXLC is the sole member of BSL and BAL, the investment manager of the Issuer. BXLC is a holding company. Thomas B. Winmill is a director of BXLC. MSG owns approximately 21% of the outstanding shares of BXLC. MSG, a registered broker/dealer, is a wholly owned subsidiary of WCI. WCI is also a holding company. The Trust owns all of the voting stock of WCI. The Trust has four trustees, including Thomas B. Winmill, Mark C. Winmill, William M. Winmill, and Woodworth B. Winmill each with equal voting rights, meaning that a majority of the trustees must agree with respect to voting and investment decisions. BAL is the investment manager of the Issuer. Pursuant to an investment management agreement effective September 19, 2012 ("IMA"), BAL receives a fee payable monthly for investment advisory services at an annual rate of 0.95% of the Issuer's managed assets. "Managed assets" means the average weekly value of the Issuer's total assets minus the sum of the Issuer's liabilities, which liabilities exclude debt relating to leverage, short term debt, and the aggregate liquidation preference of any outstanding preferred stock. Additionally, pursuant to the IMA, the Issuer reimburses BAL for providing at cost certain administrative services comprised of compliance and accounting services. Certain officers and directors of the Issuer are officers, directors, trustees, and managers of the Reporting Persons. Each of Mark C. Winmill, William M. Winmill, and Woodworth B. Winmill, a Reporting Person, may be deemed to be a controlling person of WCI and MSG. Each of Thomas B. Winmill, Mark C. Winmill, William M. Winmill, Woodworth B. Winmill Russell Kamerman, Donald Klimoski II, and Thomas O'Malley are directors, managers, and/or officers of one or more of WCI, MSG, BXLC, BSL, BAL, and the Issuer. The Issuer has standing audit, nominating, and governance committees comprised of independent directors Roger A. Atkinson, Jon Tomasson, and Peter K. Werner. The function of the audit committee is to routinely review financial statements and other audit-related matters as they arise throughout the year. The nominating committee, among other things, nominates candidates to the Board of Trustees. The primary purpose of the governance committee is to assist the Board of Trustees in serving its oversight role on behalf of the interests of the Issuer and all of its shareholders in respect to the governing documents of the issuer. The Issuer also has an executive committee comprised of Thomas B. Winmill. Exhibit A: Certain information concerning the Reporting Persons. Exhibit B: Agreement to file SC 13D jointly. Bexil Securities LLC /s/ Russell Kamerman Russell Kamerman/General Counsel 01/08/2025 Bexil Advisers LLC /s/ Russell Kamerman Russell Kamerman/General Counsel 01/08/2025 Bexil Corporation /s/ Russell Kamerman Russell Kamerman/General Counsel 01/08/2025 Midas Securities Group, Inc. /s/ Russell Kamerman Russell Kamerman/General Counsel 01/08/2025 Winmill & Co. Incorporated /s/ Donald Klimoski II Donald Klimoski II/General Counsel 01/08/2025 Winmill Family Trust /s/ Thomas Winmill Thomas Winmill/Trustee 01/08/2025 /s/ Mark C. Winmill Mark C. Winmill/Trustee 01/08/2025 /s/ William M. Winmill William M. Winmill/Trustee 01/08/2025 /s/ Woodworth B. Winmill Woodworth B. Winmill/Trustee 01/08/2025 Mark Campbell Winmill /s/ Mark C. Winmill Mark C. Winmill 01/08/2025 Thomas Bassett Winmill /s/ Thomas B. Winmill Thomas B. Winmill 01/08/2025 William M. Winmill /s/ William M. Winmill William M. Winmill 01/08/2025 Woodworth Borst Winmill /s/ Woodworth B. Winmill Woodworth B. Winmill 01/08/2025