Blue Chip Value Fund Announces Final Tax Information for 2008 Distributions
January 12 2009 - 3:12PM
Business Wire
Blue Chip Value Fund, Inc.�s final tax categories for its 2008
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, 2009.
The following is a summary of the 2008 distributions:
�
NetInvestmentIncome
�
Short-TermCapital
Gain
�
�
Long-TermCapital
Gain
�
�
Return ofCapital
�
�
Undesignated*
�
�
Total
�
4th Quarter2007
�
$0.0051
�
$0.00
�
$0.0021
�
$0.1328
�
--
�
$0.14
1st Quarter � $0.0048 � $0.00 � $0.0019 � $0.1233 � -- � $0.13 2nd
Quarter � $0.0044 � $0.00 � $0.0018 � $0.1138 � -- � $0.12 3rd
Quarter � $0.0037 � $0.00 � $0.0015 � $0.0948 � -- � $0.10
4th Quarter2008
� -- � -- � -- � -- �
$0.07*
�
$0.07
Total � $0.0180 � $0.00 � $0.0073 � $0.4647 � $0.07* � $0.56
* Pursuant to Section 852 of the Internal Revenue Code, the
taxability of this distribution will be deferred until 2009.
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, 2008.
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. can 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.
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