First Trust Value Line(R) Dividend Index Fund Declares Quarterly Distribution of $0.12 Per Share.LISLE lisle n. 1. A fine, smooth, tightly twisted thread spun from long-stapled cotton. 2. Fabric knitted of this thread, used especially for hosiery and underwear. , Ill. -- First Trust Value Line([R]) Dividend Index 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 its regularly scheduled quarterly distribution of $0.12 per share payable on September 28, 2007 to shareholders of record as of September 25, 2007. 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 September 21, 2007. The quarterly distribution information for the Fund appears below. [TABLE OMITTED] The final determination of the source and tax status of all distributions paid in 2007 will be made after the end of 2007. The Fund is a series of the First Trust Exchange-Traded Fund Exchange-traded funds (or ETFs) are Open Ended investment companies that can be traded at any time throughout the course of the day. Typically, ETFs try to replicate a stock market index such as the S&P 500 (e.g. , an investment company and an exchange-traded "index fund" designed to seek investment results that correspond generally to the price and yield (before the Fund's fees and expenses) of an equity index called the Value Line([R])Dividend Index. First Trust Advisors L.P. acts as the fund's investment adviser and currently manages or supervises approximately $32 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: An investment in the Fund involves risks similar to those of investing in any fund of equity securities traded on exchanges. Investors buying or selling Fund shares on the secondary market may incur brokerage commissions. 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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