Blue Chip Value Fund Declares Second-Quarter Distribution.Business Editors DENVER--(BUSINESS WIRE)--July 1, 2003 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 $0.13 per share. This distribution is payable July 25, 2003, to stockholders of record July 11, 2003, 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 9, 2003. The Fund pays a quarterly distribution equal to 2.5% of its Net Asset Value, rounded to the nearest penny. Of the total distribution, approximately $0.0023 represents net investment income and the remaining undesignated portion is paid from capital surplus. If the Fund's total distributions for the year (exclusive of long-term capital gains dividends) exceed its net investment income and short-term capital gains for the year, all or a portion of the undesignated distributions may constitute a non-taxable return of capital. Management currently believes it is likely that all of the undesignated portion will be a non-taxable return of capital, however the actual determination of the source of the undesignated distributions can be made only at year-end. As of June 30, 2003, the Fund's N.A.V. was $5.12 and the stock closed at $5.77, a premium of 12.70%. Blue Chip Value Fund, Inc. can be found on the Internet at www.blu.com. The stocks owned on June 30, 2003, by Blue Chip Value Fund, Inc. were: Aetna Inc Accenture Ltd Allstate Corp Alltel Corp AMBAC Financial Group Ambac Financial Group (NYSE: ABK) is an American Insurer of bonds, including municipal bonds. Ambac Financial Group, Inc. (NYSE: ABK) is a holding company whose subsidiaries provide financial guarantee products and other financial services to clients in both Inc American International Group
American International Group, Inc. (AIG) (NYSE: AIG; TYO: 8685 ) is a major American insurance corporation based in New York City. American Power Conversion American Power Conversion, (formerly NASDAQ: APCC) based in West Kingston, Rhode Island, is a maker of AC and DC-based back-up power products and services. APC is best known for their manufacture of uninterruptible power supplies, mostly used as a backup power system for Bank of America
Bank of America (NYSE: BAC TYO: 8648 ) is the largest commercial bank in the United States in terms of deposits, and the largest company of its kind in the world. Corp BellSouth Corp Bowater Inc Bristol-Myers Squibb Co Bunge Ltd Caremark RX Inc Citigroup Inc Computer Sciences Corp ConocoPhillips Devon Energy Corp Walt Disney Co Dow Jones & Co Inc Exelon Corp Freddie Mac General Dynamics Corp Goldman Sachs Group Inc Intel Corp King Pharmaceuticals Inc Kraft Foods Inc Lehman Bros BROS Brothers BROS Benefits and Retirement Operations Section (King County, Washington) BROS Barnes and Richmond Operatic Society (London, UK) Holdings Inc Microsoft Corp Mylan Laboratories National Semiconductor Corp Nationwide Financial Services Omnicare Inc Parker Hannifin Corp Pfizer Inc Principal Financial Group Radian Group Inc Raytheon Co Sara Lee Corp SouthTrust Corp Starwood Hotels & Resorts Worldwide Inc Target Corp Tech Data Corp TJX Companies Inc Transocean Inc Travelers Property Casualty Corp Union Pacific Corp Viacom Inc Watson Pharmaceuticals Inc. Wyeth Xilinx Inc 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 investment in a portfolio having at least 80% of its net assets in equity securities of large companies with headquarters in the United States. 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 and Cash Purchase Plan. Denver Investment Advisors LLC (Logical Link Control) See "LANs" under data link protocol. LLC - Logical Link Control is the Fund's investment adviser. |
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