Blue Chip Value Fund Announces Final Rights Offering Details.DENVER--(BUSINESS WIRE)--Oct. 5, 1998--Blue Chip Value Fund Inc. (NYSE NYSE See: New York Stock Exchange :BLU BLU Blue BLU Bluefish (FAO fish species code) BLU Bigger, Longer, Uncut (South Park Movie) BLU Backlight Unit (LCD) BLU Bomb Live Unit ) announced that the price for shares issued pursuant to its recently completed rights offering is $8.31 per share. This is 95% of the closing price of the Fund's Common Stock of $8.75 on Oct. 2, 1998, the Pricing Date of the Offering. The Fund's N.A.V. on Oct. 2, 1998 was $8.93. The Fund plans to issue 2,030,654 new shares, which represents the entire 1,836,513 shares available in the Offer plus 194,141 additional shares made available by means of the Over-Subscription Privilege. This means that all Over-Subscription requests were accepted by the Fund. Participants of the Offering can expect that confirmation statements and refund TO REFUND. To pay back by the party who has received it, to the party who has paid it, money which ought not to have been paid. 2. On a deficiency of assets, executors and administrators cum testamento annexo, are entitled to have refunded to them legacies checks for the difference between the Estimated and Final Offering Price will be mailed by Friday Friday: see Sabbath; week. Friday young Indian rescued by Crusoe and kept as servant and companion. [Br. Lit.: Robinson Crusoe] See : Servant , Oct. 9, 1998. The Common Stock certificates and Dividend Reinvestment Reinvestment Using dividends, interest and capital gains earned in an investment or mutual fund to purchase additional shares or units, rather than receiving the distributions in cash. 1. In terms of stocks, it is the reinvestment of dividends to purchase additional shares. Participant Confirmation Statements will be mailed by Oct. 16, 1998. The shares issued in the Offer will be eligible for the third quarter distribution. |
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