First Trust Value Line(R) Dividend Fund Declares Record Date for December Distribution.LISLE, Ill. -- First Trust Value Line([R]) Dividend Fund (the "Fund") (AMEX AMEX See: American Stock Exchange : FVD FVD Floating Vehicle Data (position location of moving vehicle for purposes of measuring traffic flow) FVD Family Violence Department FVD Fluid Volume Deficit FVD Forward Versatile Disk FVD Forward Video Disc FVD Forward Versatile Disc ) has declared December 8, 2006 as the record date for its December distribution. The payment date will be December 13, 2006. The 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. is expected to be December 6, 2006. The amount of this distribution will be determined at a later date and will be announced prior to the expected ex-dividend date. This distribution will be the final distribution for the Fund assuming the proposed reorganization of the Fund into First Trust Value Line([R]) Dividend Index Fund is approved by the Fund's shareholders, at a Meeting of Shareholders on December 11, 2006 and occurs on the scheduled reorganization date of December 15, 2006. The amount of the final distribution will be comprised of any undistributed Adj. 1. undistributed - (of investments) not distributed among a variety of securities undiversified - not diversified income and capital gains of the Fund and will be paid in cash rather than reinvested. To the extent the proposed reorganization is not approved by the Fund's shareholders, this distribution will be the Fund's regular year-end capital gains distribution. The Fund is a closed-end fund Closed-end fund An investment company that issues shares like any other corporation and usually does not redeem its shares. A publicly traded fund sold on stock exchanges or over the counter that may trade above or below its net asset value. Related: Open-end fund. designed to provide total return through a combination of current income and capital appreciation. The Fund seeks to accomplish this objective through a disciplined investment strategy derived from Value Line's([R]) Safety[TM] Ranking System, which emphasizes its #1 and #2 stocks ranked for Safety[TM]. First Trust Advisors L.P. is the fund's investment advisor 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 and currently manages or supervises approximately $27 billion in assets. Past performance is no assurance of future results. Investment return and market value of an investment in the Fund will fluctuate. Shares, when sold, may be worth more or less than their original cost. Principal Risk Factors: The Fund invests principally in equity securities and the Fund's NAV See navigation system and navigation bar. will fluctuate with changes in the value of the Fund's holdings. The types of stocks that are selected through application of the Fund's investment strategy can be expected to change over time. Particular risks may be elevated during periods in which the Fund's investment strategy dictates higher levels of investment in particular types of stocks. Please see the Fund's prospectus for additional information on the risks of investing in the Fund. The Fund's daily American The Daily American is a local paper for Somerset Pennsylvania. It features local news and sports atricles for the county, as well as a daily prayer on the front page. External links
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