Blue Chip Value Fund declares third quarter distribution.DENVER--(BUSINESS WIRE)--Oct. 1, 1997--The directors of Blue Chip Value Fund Inc. have declared a distribution of $0.27 per share. This distribution is payable Oct. 31, 1997 to stockholders of record Oct. 17, 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 Oct. 15, 1997. The fund pays a quarterly distribution equal to 2.5% of its net asset value. On Sept. 30, 1997, the fund's N.A.V. was $10.73 and the stock closed at $10.8125 with a premium of .77%. Blue Chip Value Fund Inc. can be found on the internet at www.blu.com -0- The stocks owned on Sept. 30, 1997 by the Blue Chip Value Fund were: Ahmanson, H.F. & Co. Lehman Bros. Hldgs. Inc. Atlantic Richfield Co. McKesson Corp. Becton Dickinson & Co. Mobil Corp. Black & Decker Corp. Nationsbank Corp. Boeing Co. Parker Hannifin Corp. Bristol-Myers Squibb Pepsico Inc. Burlington Resources Inc. Philip Morris Cos. Inc. Carnival Corp.-CI. A PPG Industries Inc. Chase Manhattan Corp. Rite Aid Corp. Coastal Corp. RJR Nabisco Hldgs. Corp. Computer Assoc. Int'l. Inc. Schering-Plough Corp. CSX Corp. Shared Medical Sys. Corp. Cummins Engine Inc. Sprint Corp. CVS Corp. SLM Holding Corp. Dayton Hudson Corp. SuperValu Inc. Dole Food Co. Texaco Inc. Dover Corp. Timken Co. Edison International Tosco Corp. First Union Corp. (N.C.) Travelers Group Inc. GPU Inc. USF&G Corp. Harris Corp. U.S. Surgical Corp. Hilton Hotels Corp. United Technologies Corp. IBP Inc. USX-Marathon Group ITT Industries Inc. KMart 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 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 funds 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 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, Denver Margaret Jurado, 800/624-4190 |
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