Blue Chip Value Fund Declares Second Quarter Distribution.DENVER -- The 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 ) have declared a distribution of $0.14 per share. This distribution is payable July 28, 2006, to stockholders of record July 14, 2006, and will have an ex-dividend date Ex-dividend date The first day of trading when the buyer of a stock is no longer entitled to the most recently announced dividend payment ( i.e. the trade will settle the day after the record date, too late for the buyer to appear on the shareholder record and receive the dividend. of July 12, 2006. The Fund currently pays a quarterly distribution equal to 2.5% of its Net Asset Value, rounded to the nearest penny. Of the total distribution, approximately $0.0033 represents net investment income earned in the second quarter and the remaining undesignated portion is paid from capital surplus. If the Fund's total distributions for the year exceed its net investment income and net realized capital gains for the year, all or a portion of the undesignated distributions may constitute a non-taxable return of capital. As of July 3, 2006, the date of this press release, the undesignated portion of the distribution would include approximately 100% from net realized capital gains earned in the second quarter. For the fiscal year-to-date, the undesignated portion of the distributions would include approximately 67.15% from net realized capital gains and 32.85% from paid-in capital Paid-in capital Capital received from investors in exchange for stock, but not stock from capital generated from earnings or donated. This account includes capital stock and contributions of stockholders credited to accounts other than capital stock. . The estimated components of each distribution are likely to change throughout the year. As such, the actual determination of the source of the undesignated distributions can be made only at year-end. As of June 30, 2006, the Fund's N.A.V. was $5.52 and the stock closed at $5.68, a premium of 2.8986%. Blue Chip Value Fund, Inc. can be found on the Internet at www.blu.com. The stocks owned on June 30, 2006, by Blue Chip Value Fund, Inc. were: Abbott Laboratories Merrill Lynch & Co. Inc ACE Ltd Microsoft Corp Altera Corp Morgan Stanley Amgen Inc Nokia Corp American International Norfolk Southern Corp Group Inc Occidental Petroleum Corp Bank of America Parker Hannifin Corp The Bank of New York Inc Raytheon Co Barr Pharmaceuticals Inc Starwood Hotels & Resorts Worldwide Boston Scientific Corp Inc Bunge Ltd Suntrust Banks Inc Campbell Soup Co Target Corp Citigroup Inc Teva Pharmaceuticals Colgate-Palmolive Co TJX Companies Inc Computer Sciences Corp Transocean Inc Countrywide Financial Corp US Bancorp Dell Inc VeriSign Inc Walt Disney Co Wachovia Corp Darden Restaurants Inc Washington Mutual Inc First Data Corp XTO Energy Inc Freddie Mac Zimmer Holdings Inc General Dynamics Corp General Electric Co International Business Machines Intel Corp ITT Industries Inc Hugoton Royalty Trust J.C. Penney Inc Marathon Oil Corp Maxim Integrated Products Inc Merchants Bancorp Inc Medtronic Inc Blue Chip Value Fund, Inc. is a closed-end diversified diversified (di·verˑ·s management investment company whose objective is to seek a high level of total return through investment in a portfolio having at least 80% of its net assets Net assets The difference between total assets on the one hand and current liabilities and noncapitalized long-term liabilities on the other hand. net assets See owners' equity. in equity securities of large companies with headquarters in the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. . These stocks are included in, or similar in size to those included in, the Standard & Poor's 500 Composite Stock Price Index. The Fund will normally have approximately 50 stocks within the portfolio. The Fund features a 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. and Cash Purchase Plan. Denver Investment Advisors Investment Advisor 1. A person making investment recommendations in return for a flat fee or percentage of assets managed, known as a commission. 2. For mutual fund companies, it is the individual who has the day-to-day responsibility of investing and monitoring the cash and LLC (Logical Link Control) See "LANs" under data link protocol. LLC - Logical Link Control is the Fund's investment adviser. |
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