TUXIS CORPORATION DECLARES QUARTERLY DIVIDEND
NEW YORK -- A quarterly dividend distribution of $.15 per share for the quarter ending June 30, 2003 was declared today by Tuxis Corporation (AMEX: TUX), payable June 30, 2003 to shareholders of record June 16, 2003. The current quarterly dividend distribution is hereby designated as a distribution in accordance with Section 19 of the Investment Company Act of 1940 partially from the Company's paid-in capital and any net realized capital gains, subject to further notice. The source of the Company's distributions are estimated at the time of declaration and may be adjusted following the close of its fiscal year and the annual audit of the Company's financial statements by Tait, Weller, & Baker, the Company's independent certified public accountants.
Currently, Tuxis is following through on shareholder approval to change the nature of the Company's business so as to cease to be an investment company and to concentrate in real estate and related services and in that connection management is conducting a real estate review, development, and acquisition program. More information about the Company can be found at