Blue Chip Value Fund Declares First Quarter Distribution
April 01 2008 - 2:00PM
Business Wire
The Directors of Blue Chip Value Fund, Inc. (NYSE:BLU) have
declared a distribution of $0.13 per share. This distribution is
payable April 25, 2008, to stockholders of record on April 11, 2008
and will have an ex-dividend date of April 9, 2008. The Fund�s
Distribution Plan includes a quarterly distribution equal to 2.5%
of its Net Asset Value, rounded to the nearest penny. The following
table sets forth the estimated amounts of the current distribution
and the cumulative distributions paid this fiscal year to date from
the following sources: net investment income; net realized short
term capital gains; net realized long term capital gains; and
return of capital. Sources of Distribution � � � Current
Distribution ($) � � % Breakdown of the Current Distribution �
Total Cumulative Distributions for the Fiscal Year to Date ($) � %
Breakdown of the Total Cumulative Distributions for the Fiscal Year
to Date Net Investment Income � � $0.00 � 0.00% � $0.00 � 0.00% Net
Realized Short Term Capital Gains � $0.00 � 0.00% � $0.00 � 0.00%
Net Realized Long Term Capital Gains � $0.00 � 0.00% � $0.00 �
0.00% Return of Capital � $0.13 � 100.00% � $0.13 � 100.00% Total
(per common share) � $0.13 � 100% � $0.13 � 100% Average annual
total return (in relation to NAV) for the 5 years ending March 31,
2008 � 11.92 % Annualized current distribution rate expressed as a
percentage of NAV as of March 31, 2008 10.40 % � Cumulative total
return (in relation to NAV) for the fiscal year through March 31,
2008 (6.54 %) Cumulative fiscal year distributions as a percentage
of NAV as of March 31, 2008 2.60 % You should not necessarily draw
any conclusions about the Fund�s investment performance from the
amount of this distribution or from the terms of the Fund�s
Distribution Plan. The Fund estimates that is has distributed more
than its income and net realized capital gains; therefore, a
portion of your distribution may be a return of capital. A return
of capital may occur, for example, when some or all of the money
that you invested in the Fund is paid back to you. A return of
capital distribution does not necessarily reflect the Fund�s
investment performance and should not be confused with �yield� or
�income.� The amounts and sources of distributions reported in this
notice are only estimates and are not being provided for tax
reporting purposes. The actual amounts and sources of the amounts
for tax reporting purposes will depend upon the Fund�s investment
experience during the remainder of its fiscal year and may be
subject to changes based on tax regulations. The Fund or your
financial intermediary will send you a Form 1099-DIV for the
calendar year that will tell you how to report these distributions
for federal income tax purposes. For additional information on the
Fund please visit www.blu.com.
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