SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
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FORM 8-K
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934
Date of Report (Date of earliest event reported): March 31, 2004
WINMILL & CO. INCORPORATED
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(Exact Name of Registrant as Specified in Charter)
Delaware 0-9667 13-1897916
(State or Other Jurisdiction of (Commission File Number) (IRS Employer
Incorporation) Identification No.)
11 Hanover Square New York, NY 10005
(Address of Principal Executive Offices) (ZIP Code)
Registrant's telephone number, including area code: 1-212-785-0900
Not Applicable
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(Former Name or Former Address, if Changed Since Last Report)
Item 7. Financial Statements and Exihibits.
(c) Exhibits.
Exhibit No. Description of Exhibit
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99.1 Press Release announcing its financial results for
the first quarter ended March 31, 2004.
Item 12. Results of Operations and Financial Conditions.
On May 13, 2004, Winmill & Co. Incorporated (the "Company") issued a press
release announcing financial results for the first quarter ended March 31, 2004.
A copy of the May 13, 2004 press release is attached hereto as Exhibit 99.1 and
incorporated herein by reference.
The information contained in this report on Form 8-K (including the
exhibit) is being furnished pursuant to Item 12 and shall not be deemed to be
"filed" for the purposes of Section 18 of the Securities Exchange Act of 1934,
as amended (the "Exchange Act") or otherwise subject to the liabilities of that
section, nor shall it be deemed incorporated by reference in any filing made by
the Company under the Securities Act of 1933, as amended or the Exchange Act,
except as expressly set forth by specific reference in such a filing.
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the
Registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.
WINMILL & CO. INCORPORATED
Date: May 13, 2004 /s/ Thomas B. Winmill
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Thomas B. Winmill
President
EXHIBIT INDEX
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Exhibit Number Exhibit Description
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99.1 Press Release announcing its financial
results for the first quarter ended
March 31, 2004.
Exhibit 99.1
Winmill & Co. Incorporated Announces
Financial Results for the First Quarter 2004
New York - Winmill & Co. Incorporated (Nasdaq: WNMLA) today announced its
financial results for the first quarter ended March 31, 2004.
2004 2003
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Revenues:
Net unrealized appreciation (depreciation) of publicly held affiliates
and unrealized and realized gains (losses) on proprietary trading $ 1,800,433 $ (223,406)
Management, distribution and other fees 402,705 336,882
Dividends, interest and other 2,448 38,647
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2,205,586 152,123
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Expenses:
General and administrative 191,170 181,763
Marketing 118,068 99,633
Expense reimbursements to the Funds 39,223 38,538
Professional fees 21,000 17,000
Depreciation and amortization 18,642 17,059
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388,103 353,993
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Income (loss) before income taxes 1,817,483 (201,870)
Income taxes (credit) provision 728,400 (89,800)
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Net income (loss) $ 1,089,083 $ (112,070)
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Per share net income
Basic $ 0.73 $(0.07)
Diluted $ 0.72 $(0.07)
Average shares outstanding:
Basic 1,499,136 1,588,820
Diluted 1,517,577 1,588,820
Contact: William G. Vohrer
Treasurer
1-212-785-0900 ext. 279
wvohrer@winmillco.com