NEWS RELEASE FOR IMMEDIATE RELEASE
DATE:
WEDNESDAY, JANUARY 7, 2004
FROM: BLUE CHIP VALUE FUND, INC.
1225 17TH STREET, 26TH FLOOR
DENVER, COLORADO 80202
CONTACT: MARGARET JURADO, INVESTOR RELATIONS
(800) 624-4190
BLUE
CHIP VALUE FUND ANNOUNCES FINAL TAX INFORMATION FOR 2003 DISTRIBUTIONS
DENVER,
CO. (January
7, 2004)
Blue Chip Value Fund, Inc.'s final tax categories for its 2003
distributions are detailed in the table below.
This information is also available on the Fund's web site at www.blu.com.
A Form 1099-DIV will be mailed to registered stockholders with
this same information by January 31, 2004.
|
|
Net
Investment |
Short-Term |
Long-Term |
Return
of Capital |
|
|
1st
Quarter |
$0.0029 |
$0.0000 |
$0.0000 |
$0.1071 |
$0.11 |
|
2nd
Quarter |
$0.0035 |
$0.0000 |
$0.0000 |
$0.1265 |
$0.13 |
|
3rd
Quarter |
$0.0035 |
$0.0000 |
$0.0000 |
$0.1265 |
$0.13 |
|
4th
Quarter |
$0.0037 |
$0.0000 |
$0.0000 |
$0.1363 |
$0.14 |
|
Total |
$0.0136 |
$0.0000 |
$0.0000 |
$0.4964 |
$0.51 |
Of
the distributions paid from net investment income, 100% qualify for the
corporate dividends received deduction and meet the requirements of the
tax rules regarding qualified dividend income.
In addition, none of the distributions from net investment income
include income derived from U.S. Treasury obligations.
There were no assets invested in direct U.S. Government
Obligations as of 12/31/03. Please
note the Return of Capital is non-taxable.
If
you have any questions about the application of this information to your
tax returns, please consult your tax adviser.
Blue
Chip Value Fund, Inc. may be found on the Internet at www.blu.com.
*
* * * * * * * * * * * * * *
Blue Chip Value Fund is a closed-end diversified management investment company whose objective is to seek a high level of total return through investment in a portfolio having at least 80% of its assets in equity securities of well established companies with headquarters in the United States. These stocks are included in, or similar in size to those included in, the Standard and Poor's 500 Composite Stock Price Index. The Fund will normally have approximately 50 stocks within the portfolio. The Fund features a Dividend Reinvestment and Cash Purchase Plan. Denver Investment Advisors LLC is the Fund's investment adviser.