First Trust Value Line(R) Dividend Fund Declares Year-End Distribution Totaling $1.8075 Per Share.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 ) today declared distributions totaling $1.8075 per share as follows:
Regular Quarterly Distribution $0.1075(a)
Short-Term Capital Gains $0.3200(a)
Long-Term Capital Gains $1.3800
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Total $1.8075
(a) Both treated as ordinary income for tax purposes
The distributions will be payable on December 30, 2005 to shareholders of record on December 21, 2005, with an expected 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 December 19, 2005. The final determination of the source and tax status of all distributions paid in 2005 will be made after the end of 2005. Based on the Fund's net asset value of $17.76 and the American Stock Exchange American Stock Exchange (AMEX) Stock exchange in the U.S. Originally known as “the Curb,” it began as an outdoor marketplace in New York City c. 1850. It moved indoors to its present location in the Wall Street area in 1921. closing price of $15.31 on December 8, 2005, the Fund's regular dividend equates to an annualized annualized Of or relating to a variable that has been mathematically converted to a yearly rate. Inflation and interest rates are generally annualized since it is on this basis that these two variables are ordinarily stated and compared. distribution rate of 2.42% at NAV See navigation system and navigation bar. and 2.81% at market. 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. acts as the fund's investment advisor and currently manages or supervises approximately $21 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 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. The Fund's daily American Stock Exchange closing price and net asset value per share as well as other information can be found at www.ftportfolios.com or by calling 1-800-988-5891. |
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