Published:
Foxby Corp. Files to Delist Its Common Stock
Foxby Corp. (the "Fund") today announced that
it has filed a Form 25 with the Securities and Exchange Commission ("SEC")
to withdraw the listing of its common stock from the American Stock
Exchange ("AMEX") to become effective on October 24, 2008.
The Fund expects that delisting will allow management to focus its
resources on pursuing the Fund's investment objectives and position the
Fund to enhance long term stockholder value. The Fund will continue to
maintain its investment company registration and update its stockholders
with financial information as required.
Following the effectiveness of the Form 25 filing, the Fund anticipates
that its common stock will be quoted over-the-counter on the OTC Bulletin
Board ("OTCBB") or Pink OTC Markets Inc. ("Pink Sheets") to the extent
market makers commit to make a market in the Fund's shares, although the
Fund can provide no assurance that trading in the stock will continue. The
OTCBB and Pink Sheets are electronic networks through which participating
broker-dealers can make markets and enter orders to buy and sell shares of
issuers.
The Fund's non-fundamental investment objective is total return which it
may seek from growth of capital and from income in any security type and in
any industry sector. The Fund is managed by CEF Advisers, Inc., a
subsidiary of Winmill & Co.
Incorporated, which is engaged through subsidiaries in stock market and
gold investing
through its investment management of equity and gold mutual
funds, and closed end funds. More information about the Fund may be
obtained at www.foxbycorp.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
the Fund, which may cause the Fund's actual results to be materially
different from those expressed or implied by such statements. Such risks,
uncertainties and other factors include those described in the Fund's
filings with the SEC. The forward looking statements made herein are only
made as of the date of this release, and the Fund undertakes no obligation
to publicly update such forward looking statements to reflect subsequent
events or circumstances.
Copyright © 2009, MarketWire
Copyright © 2009, NewsBlaze,
Daily NewsTags: ,FinancialServices:Commercial and InvestmentBanking, FinancialServices:InvestmentServicesandTrading, FinancialServices:VentureCapital, ,NY,NEW YORK, NY
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