Winmill & Co. Incorporated Announces 2005 Financial Results
New York – Winmill & Co. Incorporated (Pink Sheets: WNMLA) announced today
its financial results for 2005. The Company reported $2,157,381 in 2005 versus
$56,210 in 2004, or $1.40 per share fully diluted versus $.04 per share fully
diluted in the prior period. In 2005, net increases in unrealized appreciation
of the shares owned by the Company of its publicly held affiliates, namely Bexil
Corporation (BXL) and Tuxis Corporation (TUX), contributed the bulk of 2005’s
earnings, unlike 2004 when gains in management, distribution and other fees and
only modest expense increases contributed the most to the Company’s positive
overall 2004 results. The Company also reported that its financial condition
continues to be strong, with shareholders’ equity of approximately $10.4 million
and no long term debt.
The Company’s 2005 Annual Report, including audited financial
statements, is posted at
www.winmillco.com.
The Company also announced today that the Board of Directors of the Company has
authorized a program to buy back up to 500,000 of its shares in the open market
and in privately negotiated transactions over the next five years, which may
provide additional market liquidity as it returns excess cash to stockholders.
Winmill & Co. Incorporated is engaged through subsidiaries in stock market and
gold investing through its investment management of equity and
gold mutual funds. The open-end mutual
funds managed by a Company subsidiary are Midas Fund, Inc. (MIDSX), Midas
Special Fund, Inc. (MISEX), and Midas Dollar Reserves, Inc. (DOLXX), The
closed-end funds are Foxby Corp. (FXX) and Global Income Fund, Inc. (GIF). To
learn more about Winmill & Co., including Rule 15c2-11 information, please visit
www.winmillco.com.
This release contains certain "forward-looking statements" made pursuant to the
"safe-harbor" provisions of the Private Securities Litigation Reform Act of
1995. These statements involve known and unknown risks, uncertainties and other
factors, many of which are beyond the control of Winmill & Co., which may cause
the Company’s actual results to be materially different from those expressed or
implied by such statements. The 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.
|
