Blue Chip Value Fund declares quarterly distribution.DENVER--(BUSINESS WIRE)--Dec. 16, 1994--The directors of Blue Chip Value Fund Inc. have declared a distribution of 66 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, along with the 9 cents paid year to date brings the total for the year to 10 percent of the Fund's average net asset value. In 1995/6, the fund expects to maintain the policy of making total annual distributions equal to 10 percent of N.A.V. The current distribution will be payable Jan. 13, 1995, to stockholders of record Dec. 30, 1994, 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 Dec. 23, 1994. This distribution is taxable for 1994. As of Dec. 15, 1994, the N.A.V. was $7.56, the stock closed at $6-5/8, and the discount was 12.4 percent. The stocks owned on Dec. 15, 1994, by the Blue Chip Value Fund were: Albertson's Inc. Int'l. Business Machine Corp. Allied Signal Inc. J.C. Penney Inc. Ashland Oil Inc. Loral Corp. Aluminum Co. of America May Dept. Stores Co. Baltimore Gas & Electric McDonald's Corp. Bank of Boston Corp. McDonnell Douglas Black & Decker Corp. Medtronic Inc. Boise Cascade Corp. Mobil Corp. Chrysler Corp. Norwest Corp. Columbia/HCA Healthcare Pfizer Inc. Computer Assoc. Int'l. Phelps Dodge Corp. Cummins Engine Inc. Philip Morris Co. Dayton Hudson Corp. Phillips Petroleum Co. Deere & Co. PPG Industries Inc. Eastman Chemical Co. Premark International Inc. Eastman Kodak Co. Quaker Oats Co. First Union Corp. Reader's Digest Assoc Inc. Fluor Corp. Ryder Systems Inc. Ford Motor Co. Santa Fe Pacific Corp. Gap Inc. Schering-Plough Corp. General Dynamics Sears Roebuck & Co. Harris Corp. Transco Energy Co. Hercules Inc. Union Carbide Corp. IBP Inc. U.S. Healthcare Inc. ITT Corp. USF&G Corp. Blue Chip Value Fund is a closed-end closed-end adj. Issuing a fixed number of shares that can be traded publicly but are not redeemable by the issuer: a closed-end investment company. 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 portfolio is an approximately equally weighted portfolio of 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 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. 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 Inc. is the Fund's investment advisor. CONTACT: Blue Chip Value Fund Inc., Denver Steve Wine 800/624-4190 |
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