First Trust Value Line 100 Fund Declares Short-Term Capital Gain Distribution of $0.314 Per Share and Long-Term Capital Gain Distribution of $0.098 Per Share.LISLE, Ill. -- The First Trust Value Line(R) 100 Fund (AMEX AMEX See: American Stock Exchange :FVL FVL Fox Valley Lutheran High School FVL Flow-Volume Loop FVL Full Variability Language FVL Fuel Valve Light FVL Femoral Vein Ligation FVL Florida Voters League, Inc. ) today announced a short-term capital gain Short-term capital gain A profit on the sale of a security or mutual fund share that has been held for one year or less. A short-term capital gain is taxed as ordinary income. distribution of $0.314 per share as well as a long-term capital gain Long-term capital gain A profit on the sale of a security or mutual fund share that has been held for more than one year. distribution of $0.098 per share. The distributions will be payable on June 15, 2005 to shareholders of record on June 3, 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 June 1, 2005. Complete tax reporting will be available shortly after year-end. The Fund is a closed-end management investment company designed to provide capital appreciation that outperforms the S&P 500 Index. The Fund seeks to accomplish this objective by adhering to a disciplined strategy of investing in a diversified portfolio of the 100 common stocks ranked #1 in Value Line's(R) Timeliness(TM) Ranking System. First Trust Advisors L.P. acts as the fund's investment advisor and currently manages or supervises approximately $17 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. The Fund's daily American Stock Exchange closing price and daily net asset value, as well as other information is available at www.ftportfolios.com or by calling 1-800-988-5891. |
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