NEWS RELEASE FOR IMMEDIATE RELEASE
DATE: MONDAY, JANUARY 8, 2007
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 2006 DISTRIBUTIONS
DENVER, CO. (January 8, 2007) Blue Chip Value Fund, Inc.'s final tax categories for its 2006 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, 2007.
The following is
a summary of the 2006 distributions:
|
|
Net
Investment |
Short-Term |
Long-Term |
Return
of Capital
|
|
|
1st
Quarter |
$0.0047 |
$0.0042 |
$0.0284 |
$0.1127
|
$0.15 |
|
2nd
Quarter |
$0.0044 |
$0.0039 |
$0.0265 |
$0.1052
|
$0.14 |
|
3rd
Quarter |
$0.0044 |
$0.0039 |
$0.0265 |
$0.1052
|
$0.14 |
|
4th
Quarter |
$0.0047 |
$0.0042 |
$0.0284 |
$0.1127
|
$0.15 |
|
Total |
$0.0182 |
$0.0162 |
$0.1098 |
$0.4358
|
$0.58 |
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 December 31, 2006.
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.