First Trust Value Line Dividend Fund Declares Year-End Distribution.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. -- The Board of Trustees board of trustees Politics The posse of thugs who oversee an institution's administration. See Board of directors. of 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 ) announced today a year-end distribution in the amount of $1.01 per share. The payment date will be December 30, 2004 to holders of record on December 22, 2004, 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 20, 2004.
The distribution is being paid from the sources below:
Net Investment Income $0.09(1)
Short-Term Capital Gain $0.81(1)
Long-Term Capital Gain $0.11
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Total $1.01
(1) Both treated as ordinary income for federal tax purposes
Complete tax reporting will be available shortly after year-end. The Fund is a closed-end management investment company 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 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 $15.6 billion in assets. The Fund's daily 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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