Blue Chip Value Fund Declares Second Quarter Distribution.DENVER Denver, city (1990 pop. 467,610), alt. 5,280 ft (1,609 m), state capital, coextensive with Denver co., N central Colo., on a plateau at the foot of the Front Range of the Rocky Mts., along the South Platte River where Cherry Creek meets it; inc. 1861. -- The Directors of Blue Chip Value Fund, Inc. have declared a distribution of $0.15 per share. This distribution is payable July July: see month. 27, 2007, to stockholders of record on July 13, 2007, 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 11, 2007. The Fund's Distribution Plan includes a quarterly distribution equal to 2.5% of its Net Asset Value as of the last business day of the calendar quarter, rounded to the nearest penny. The following table sets forth the estimated amounts of the current distribution and the cumulative distributions paid this fiscal year to date from the following sources: net investment income; net realized short-term capital gains Short-term capital gain A profit on the sale of a security or mutual fund share that has been held for one year or less. A short-term capital gain is taxed as ordinary income. ; net realized long-term capital gain Long-term capital gain A profit on the sale of a security or mutual fund share that has been held for more than one year. ; and return of capital. [TABLE OMITTED] Average annual total return (in relation to NAV) for the 5 years ending June 30, 2007 10.15% Annualized current distribution rate expressed as a percentage of NAV as of June 30, 2007 9.68% (a) Cumulative total return (in relation to NAV) for the fiscal year through June 30, 2007 7.11% Cumulative fiscal year distributions as a percentage of NAV as of June 30, 2007 4.84% (a) You should not necessarily draw any conclusions about the Fund's investment performance from the amount of this distribution or from the terms of the Fund's Distribution Plan. The Fund estimates that is has distributed more than its income and net realized capital gains; therefore, a portion of your distribution may be a return of capital. A return of capital may occur, for example, when some or all of the money that you invested in the Fund is paid back to you. A return of capital distribution does not necessarily reflect the Fund's investment performance and should not be confused with "yield" or "income." The amounts and sources of distributions reported in this notice are only estimates and are not being provided for tax reporting purposes. The actual amounts and sources of the amounts for tax reporting purposes will depend upon the Fund's investment experience during the remainder of its fiscal year and may be subject to changes based on tax regulations. The Fund will send you a Form 1099-DIV Form 1099-DIV A form sent to investors by investment fund companies. The form is a record of all taxable capital gains and dividends paid to an investor, including those that have been re-invested in a given taxation year. for the calendar year that will tell you how to report these distributions for federal income tax purposes. (a) Please note that the Fund's Distribution Plan includes a quarterly distribution equal to 2.5% of its Net Asset Value as of the last business day of the calendar quarter. The distribution rate shown above differs from the 2.5% stated amount (10% annualized annualized Of or relating to a variable that has been mathematically converted to a yearly rate. Inflation and interest rates are generally annualized since it is on this basis that these two variables are ordinarily stated and compared. and 5% year-to-date Year-to-date (YTD) The period beginning at the start of the calendar year up to the current date. ) as a result of the calculation using the cumulative fiscal year distribution rate divided by the Net Asset Value as of the last business day of the most recent calendar quarter end. For additional information on the Fund please visit www.blu.com. |
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