NEWS RELEASE FOR IMMEDIATE RELEASE
DATE:
WEDNESDAY, JANUARY 8, 2003
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 CATEGORIES OF 2002 DISTRIBUTIONS
DENVER,
CO. (January 8, 2003) Blue
Chip Value Fund, Inc.?s final tax categories for its 2002
distributions are detailed in the table below.
This information is also available on the Fund?s web site at www.blu.com.
A tax information brochure will be mailed to registered
stockholders with their Form 1099-DIV by January 31, 2003.
The following is the final summary of the Fund?s 2002 distributions:
|
|
Net
Investment |
Short-Term |
Long-Term |
Return
of Capital |
|
|
1st
Quarter |
$0.0107 |
$0.0000 |
$0.0000 |
$0.1593 |
$0.17 |
|
2nd
Quarter |
$0.0094 |
$0.0000 |
$0.0000 |
$0.1406 |
$0.15 |
|
3rd
Quarter |
$0.0075 |
$0.0000 |
$0.0000 |
$0.1125 |
$0.12 |
|
4th
Quarter |
$0.0075 |
$0.0000 |
$0.0000 |
$0.1125 |
$0.12 |
|
Total |
$0.0351 |
$0.0000 |
$0.0000 |
$0.5249 |
$0.56 |
Blue
Chip Value Fund, Inc. may be found on the Internet at www.blu.com.
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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.