Blue Chip Value Fund Declares Year-End Distribution and Makes Preliminary Filing for Possible Rights Offering.Business Editors DENVER--(BUSINESS WIRE)--Dec. 18, 2000 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 $0.24 per share. Of this amount, approximately $0.2206 is 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 $0.0194 is net investment income. This distribution is payable January 12, 2001, to stockholders of record December 29, 2000, 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 December 27, 2000, and is taxable for 2000. As of December 15, 2000, the N.A.V. was $8.07 and the stock closed at $7.83, a discount of 2.97%. The following is a summary of the 2000 distributions:
Net Investment Short-Term Long-Term
Income Capital Gain Capital Gain
Total
1st Quarter $0.0110 $0.0000 $0.2190 $0.23
2nd Quarter $0.0126 $0.0000 $0.1974 $0.21
3rd Quarter $0.0100 $0.0000 $0.2000 $0.21
4th Quarter $0.0194 $0.0000 $0.2206 $0.24
Total $0.0530 $0.0000 $0.8370 $0.89
The above table represents preliminary estimates. The final designations will be included as a supplementary insert with the 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. mailed to shareholders in January 2001. On December 18, 2000, the Fund made a preliminary filing with the Securities and Exchange Commission for a possible rights offering. The decision to proceed, the terms and timing of the rights offering are still subject to approval by the Board of Directors. A subsequent press release will be issued when more details become available. Blue Chip Value Fund, Inc. can be found on the internet at www.blu.com. The stocks owned on December 15, 2000, by the Blue Chip Value Fund, Inc. were: Abbott Laboratories ACE Ltd. Alltel Corp. American Express Co. Antec Corp. Apache Corp. Avnet Inc. Avocent Corp. BellSouth Corp. Bristol-Myers Squibb Co. Burlington Northern Santa Fe Corp. Cendant Corp. Charter Communications Inc. Citigroup Inc. Coastal Corp. Conoco Inc. Duke Energy Corp. Dynegy Inc. Federal Home Loan Mortgage Corp. Gateway Inc. General Dynamics Corp. Intel Corp. International Business Machines Corp. Kimberly-Clark Corp. Knight Trading Group Inc. Lehman Bros. Holdings Inc. MetLife Inc. Philip Morris Cos. Inc. Providian Financial Corp. Microsoft Corp. Motorola Inc. Network Associates Inc. Omnicare Inc. Raytheon Company Royal Dutch Petroleum Co. Schering-Plough Corp. Southern Energy Inc. Target Corp. Telephone & Data Systems Inc. Tenet Healthcare Corp. TJX Companies Inc. Transocean Sedco Forex Inc. USA Networks Inc. Viacom Inc. Washington Mutual Inc. Wells Fargo & Company Westwood One Inc. XL Capital Ltd. Blue Chip Value Fund 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 75% of its assets in equity securities of well-established 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 and Poor's Noun 1. Standard and Poor's - a broadly based stock market index Standard and Poor's Index 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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