Blue Chip Value Fund Announces New Portfolio Manager Team.Business Editors DENVER--(BUSINESS WIRE)--Jan. 14, 1999 Denver Investment Advisors LLC, investment adviser of the Denver-based Blue Chip Blue Chip A security from a well-established and financially-sound company that has demonstrated its ability to pay dividends in both good and bad times.Notes: These stocks are usually less risky than other stocks. The stock price of a blue chip usually closely follows the S&P 500.The name "blue chip" came about because in the game of poker the blue chips were traditionally the most expensive ones. Value Fund Value Fund A mutual fund that primarily holds value stocks, stocks deemed to be undervalued in price.Notes: There are numerous examples of value funds. Every large mutual fund family has a value fund component, which are often broken down by size. For example, a fund family may include small-, mid- and large-cap value funds for investors to choose from. , Inc. (NYSE: BLU), is pleased to announce that Tim Quinlisk, CFA, and Charlotte Petersen, CFA, will serve as co-portfolio managers of Blue Chip Value Fund effective January 18, 2000. Mr. Quinlisk, Vice President and Director of Value Strategies, will head up the value investing Value Investing The strategy of selecting stocks that trade for less than their intrinsic value. Value investors actively seek stocks of companies with sound financial statements that they believe the market has undervalued. They believe the market always overreacts to good and bad news, causing stock price movements that do not correspond with their long-term fundamentals. area of Denver Investment Advisors' $9 billion investment management business. Mr. Quinlisk, formerly of John Hancock Advisors, Inc., brings 15 years of experience in research and portfolio management. His specialty is spotting undervalued stocks that have a potential turn-around catalyst, such as new management or an innovative new product. Since 1998, he has co-managed the Hancock Large Cap Value Fund and the Hancock Small Cap Value Fund, which recently have been highlighted in both Barron's and Investor's Business Daily. Ms. Petersen, a Vice President of Denver Investment Advisors, has 14 years of research and portfolio management experience, working with both value and growth styles, and has been primarily responsible for managing portfolios for Denver Investment Advisors' larger institutional accounts for 6 years. Blue Chip Value Fund, Inc. is a closed-end diversified management investment company whose objective is to seek a high level of total return through capital appreciation and current income consistent with investment primarily in a diversified portfolio of common stocks. The Blue Chip Value Fund will generally be fully invested Fully invested Used to describe an investor whose assets are totally committed to investments, typically stock. in approximately 50 common stocks, as well as other equity securities believed by Denver Investment Advisors to represent the best values among those issued by large companies with headquarters in the United States, such as those included in, or similar in size to those included in, the Standard and Poor's 500 Composite Stock Price Index. The Fund features a Dividend Reinvestment and Cash Purchase Plan. Denver Investment Advisors LLC is the Fund's investment adviser. For more information about Blue Chip Value Fund, Inc., please visit us at our web site, www.blu.com, or call us at 1-800-624-4190. |
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