Blue Chip Value Fund Declares Third Quarter Distribution
October 01 2008 - 2:00PM
Business Wire
The Directors of Blue Chip Value Fund, Inc. have declared a
distribution of $0.10 per share. This distribution is payable
October 24, 2008, to stockholders of record on October 10, 2008 and
will have an ex-dividend date of October 8, 2008. The Fund�s
Distribution Plan includes a quarterly distribution equal to 2.5%
of its Net Asset Value, rounded to the nearest penny. The following
table sets forth the estimated amounts of the current distribution
and the cumulative distributions paid this fiscal year to date from
the following sources: net investment income; net realized short
term capital gains; net realized long term capital gains; and
return of capital. Sources of Distribution � � � � � � � Current
Distribution ($) � � % 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 � $0.0018 � 1.80% � $0.0087 � 2.49%
Net Realized Short Term Capital Gains � $0.0000 � 0.00% � $0.0000 �
0.00% Net Realized Long Term Capital Gains � $0.0000 � 0.00% �
$0.0000 � 0.00% Return of Capital � $0.0982 � 98.20% � $0.3413 �
97.51% Total (per common share) � $0.10 � 100% � $0.35 � 100%
Average annual total return (in relation to NAV) for the 5 years
ending September 30, 2008 5.20 % Annualized current distribution
rate expressed as a percentage of NAV as of September 30, 2008 9.69
% � Cumulative total return (in relation to NAV) for the fiscal
year through September 30, 2008 (18.47 %) Cumulative fiscal year
distributions as a percentage of NAV as of September 30, 2008 8.47
% 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
it 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.
Blue Chip Value Fund, Inc. (NYSE:BLU)
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