Blue Chip Value Fund announces rights offering price.DENVER--(BUSINESS WIRE)--March 10, 1997--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 ) announced that the price for shares to be issued pursuant to its recently completed rights offering is to be $8.31 per share. This is 95 percent of the closing price of the Fund's common stock of $8.75 on Friday Friday: see Sabbath; week. Friday young Indian rescued by Crusoe and kept as servant and companion. [Br. Lit.: Robinson Crusoe] See : Servant , March 7, 1997, the pricing date of the offering. The Fund's N.A.V. on Friday, March 7, was $9.82. The Fund plans to issue 2,843,750 new shares, the maximum allowable under the conditions of the offering. Participants of the offering can expect that certificates or statements confirming the newly acquired shares will be mailed by Friday, March 28, 1997. Refund TO REFUND. To pay back by the party who has received it, to the party who has paid it, money which ought not to have been paid. 2. On a deficiency of assets, executors and administrators cum testamento annexo, are entitled to have refunded to them legacies checks for the difference between the initial and final offering price will be mailed by Friday, March 14, 1997. CONTACT: Blue Chip Value Fund Inc., Denver Margaret Jurado, 800/624-4190 |
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