First Trust Value Line Dividend Fund Declares Quarterly Income Distribution of 10 Cents 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 ) has declared its regularly scheduled quarterly income distribution of $0.10 per share. This is a $0.005 per share (5.26%) increase from the previous distribution of $0.095. Based on the Fund's net asset value of $17.29 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 $14.59 on May 19, 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 2.31% at NAV See navigation system and navigation bar. and 2.74% at market. The dividend 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. The Fund is a closed-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 $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 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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