Blue Chip Value Fund Announces updated Dates for Proposed Rights Offering.DENVER--(BUSINESS WIRE)--July 30, 1998--The board of directors of 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 ) has approved plans to proceed with a rights offering to existing stockholders. The fund plans to issue one right to purchase an additional share of the fund for each eight shares owned at a price of 95% of the lesser of net asset value, or market price. The rights will not be transferable. Stockholders will also have the option to subscribe for additional shares during the offering. It is expected that the rights will be issued to stockholders of record as of Aug. 14, 1998, the subscription period will begin Aug. 19, 1998 and extend through 5:00 p.m. New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of time, Sept. 17, 1998. The price of shares to be issued will be determined as of Sept. 18, 1998. The fund reserves the right to cancel (character) Cancel - (CAN, Control-X) ASCII character 24. , modify or postpone post·pone tr.v. post·poned, post·pon·ing, post·pones 1. To delay until a future time; put off. See Synonyms at defer1. 2. To place after in importance; subordinate. the offering. The offering will be made only by means of a prospectus.
CONTACT: Blue Chip Value Fund, Inc., Denver
Jasper Frontz, 800/624-4190
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