NEWS RELEASE FOR IMMEDIATE RELEASE
DATE:
FRIDAY, FEBRUARY 16, 2001
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 REVISED
DATES
FOR PROPOSED RIGHTS OFFERING
DENVER, CO. (February 16, 2001) The Board of Directors of Blue Chip Value Fund, Inc., (NYSE: BLU) has approved plans to proceed with a rights offering to existing stockholders.
The Fund plans to issue one right to purchase an additional share of the Fund for each five shares owned at a price of 95% of the lesser of net asset value, or market price. The rights will not be transferable. Stockholders will also have the option to subscribe for additional shares during the offering.
It is expected that the rights will be issued to stockholders of record as of February 28, 2001, the subscription period will begin March 2, 2001 and extend through 5:00 p.m. New York time, March 29, 2001. The price of shares to be issued will be determined as of March 30, 2001.
The Fund reserves the right to cancel, modify or postpone the offering. The offering will be made only by means of a prospectus.