Blue Chip Value Fund declares first-quarter distribution.DENVER--(BUSINESS WIRE)--April 1, 1997--The directors of Blue Chip Value Fund Inc. have declared a distribution of 22 cents per share Cents per share The amount of a mutual fund's dividend or capital gains distributions that a shareholder will receive for each share owned. . This distribution is payable April 25, 1997, to stockholders of record April 11, 1997, 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 April 9, 1997. This distribution represents approximately 2.5 percent of the N.A.V. and is the first distribution under the Fund's return to its previous policy of distributing approximately 2.5 percent of N.A.V. on a quarterly basis. As of March 31, 1997, the N.A.V. was $9.05 and the stock closed at $8-3/8 with a discount of 7.5 percent. Blue Chip Value Fund Inc. can be found on the Internet Internet Publicly accessible computer network connecting many smaller networks from around the world. It grew out of a U.S. Defense Department program called ARPANET (Advanced Research Projects Agency Network), established in 1969 with connections between computers at the at www.blu.com . The stocks owned on March 31, 1997, by the Blue Chip Value Fund were: Ahmanson, H.F. & Co. Computer Assoc. Int'l. Anheuser Busch Cos. Inc. CSX Corp. Atlantic Richfield Co. CVS Corp. Becton Dickenson & Co. Dayton Hudson Corp. Black & Decker Corp. Dole Food Inc. Bristol Myers-Squibb Dover Corp. Burlington Resources Inc. Eastman Kodak Co. Carnival Corp. Edison International Central & South West Corp. First Union Corp. Chase Manhattan Corp. GPU Inc. Coastal Corp. Gap Inc. Giant Food Inc. Rite Aid Corp. Great Atlantic & Pacific Sara Lee Corp. Tea Co. Schering-Plough Corp. Harris Corp. Sears Roebuck & Co. Hilton Hotels Corp. Sprint Corp. IBP Inc. Student Loan Marketing Assoc. McDonnell Douglas Texaco Inc. Mobil Corp. Tosco Corp. Nationsbank Corp. Travelers Group Inc. Pepsico Inc. USF&G Inc. Pfizer Inc. USX Marathon Group PPG Industries Inc. United Technologies Corp. Blue Chip Value Fund 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 diversified portfolio of common stocks. The Fund consists of a well diversified portfolio of approximately 50 stocks selected using the advisor's Modern Value Investing Value Investing The strategy of selecting stocks that trade for less than their intrinsic value. Value investors actively seek stocks of companies with sound financial statements that they believe the market has undervalued. Approach(R). 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 advisor. CONTACT: Blue Chip Value Fund Inc., Denver Steve Wine, 800/624-4190 |
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