Blue Chip Value Fund Declares Fourth Quarter Distribution
December 19 2008 - 1:00PM
Business Wire
The Directors of Blue Chip Value Fund, Inc. have declared a
distribution of $0.07 per share. This distribution is payable
January 9, 2009, to stockholders of record on December 29, 2008 and
will have an ex-dividend date of December 24, 2008. The Fund�s
Distribution Plan includes a quarterly distribution equal to 2.5%
of its Net Asset Value, rounded to the nearest penny. The following
table sets forth the estimated amounts of the current distribution
and the cumulative distributions paid this fiscal year to date from
the following sources: net investment income; net realized short
term capital gains; net realized long term capital gains; and
return of capital. Sources of Distribution � � � Current
Distribution ($)(Book Basis) � � % Breakdown of the Current
Distribution(Book Basis) � Total Cumulative Distributions for the
Fiscal Year to Date ($)(Book Basis) � % Breakdown of the Total
Cumulative Distributions for the Fiscal Year to Date(Book Basis) �
% Breakdown of the Total Cumulative Distributions for the Fiscal
Year to Date(Tax Basis) Net Investment Income � $0.0072 � 10.29% �
$0.0158 � 3.76% � 3.24% Net Realized Short Term Capital Gains �
$0.0159 � 22.71% � $0.0000 � 0.00% � 0.00% Net Realized Long Term
Capital Gains � $0.0469 � 67.00% � $0.0295 � 7.02% � 1.50% Return
of Capital � $0.0000 � 0.00% � $0.3747 � 89.22% � 95.26% Total (per
common share) � $0.07 � 100% � $0.42 � 100% � 100% Average annual
total return (in relation to NAV) for the 5 years ending November
30, 2008 � (2.81%) Annualized current distribution rate expressed
as a percentage of NAV as of November 30, 2008 9.86% � Cumulative
total return (in relation to NAV) for the fiscal year through
November 30, 2008 (41.93%) Cumulative fiscal year distributions as
a percentage of NAV as of November 30, 2008 14.79%* 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 expects to issue a press release with the final figures by
January 9, 2009. 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. *
Please note that the Fund�s Distribution Plan includes a quarterly
distribution equal to 2.5% of its Net Asset Value as of a
pre-determined measurement date. The distribution rate shown above
differs from the 2.5% stated amount (10% annualized) as a result of
the calculation using the annualized current distribution rate and
cumulative fiscal year distribution rate divided by the Net Asset
Value as of the last business day of the most recent calendar month
end. For additional information on the Fund please visit
www.blu.com.
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