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PRESS RELEASES


December 8, 1999
News Release
For Immediate Release

AMEX: TUX
CUSIP 901144105



TUXIS CORPORATION DECLARES QUARTERLY DIVIDEND

NEW YORK -- A quarterly dividend distribution of $.40 per share for the quarter ending December 31, 1999 was declared today by Tuxis Corporation (AMEX: TUX), payable December 31, 1999 to shareholders of record December 21, 1999.

The $.40 per share quarterly dividend distribution reflects the Fund's managed 10% distribution policy. The policy is intended to provide shareholders with a relatively stable cash flow and reduce or eliminate any market price discount to the Fund's net asset value per share. Quarterly distributions of approximately 10% of the Fund's net asset value per share on an annual basis will be paid primarily from ordinary income and any net capital gains, with the balance representing return of capital. The amount of the distribution may vary depending on the net asset value per share at the time of declaration.

Particulars of the current declaration are as follows:

AMOUNT -- $ .40 per share

PERIOD -- Quarterly

DECLARED - 12/8/99

RECORD - 12/21/99

PAYABLE -- 12/31/99

AMEX TICKER SYMBOL: TUX



 

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Principal Office:   3814 Route 44, Millbrook, NY 12545   |  Tel: (845) 677-2700   |  Fax: (845) 677-2800
Connecticut Office:   6 Heritage Park Road, Clinton, CT 06413   |  Tel: (860) 669-9302
Tuxis Self Storage,  where "Security is Our First Priority"

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