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November 7, 2001
News Release
For Immediate Release

CUSIP 901144105

Closed-End Fund to Become an Operating Company

Tuxis Corporation (AMEX: TUX) announced today that at a Special Meeting of stockholders proposals were approved to change the nature of the Company's business so as to cease to be an investment company and amend the Company's fundamental investment restriction regarding concentration and investing in real estate, as well as to make certain amendments to the Company's Articles of Incorporation. Accordingly, the Company now intends to operate businesses directly or through companies in which the Company has a majority or other controlling interest and seek approval of the SEC for deregistration as an investment company.

Company management currently anticipates conducting a business review, development, and acquisition program with respect to investments in the real estate and services industries. Tuxis, listed on the American Stock Exchange, has assets of approximately $10 million.



Press releases from August 31, 1998 to present


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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This is not a prospectus, circular or representation intended for use in the purchase of shares of the Company or any securities mentioned in this web site.