Blue Chip Value Fund and Westcore Blue Chip Fund Jointly Announce Preliminary Board Approval of Proposed Reorganization
October 12 2010 - 9:00AM
Business Wire
Blue Chip Value Fund, Inc. (NYSE:BLU) and Westcore Blue Chip
Fund (WTMVX) announced today that their respective Boards of
Directors and Trustees have given preliminary approval to a
proposal to reorganize the Blue Chip Value Fund into Westcore Blue
Chip Fund, a registered open-end fund with a similar investment
objective and strategies that is also managed by Denver
Investments. The proposed reorganization is subject to a number of
conditions, including negotiation and final approval by the Boards
of the Blue Chip Value Fund and Westcore Blue Chip Fund of the
definitive terms of the reorganization and approval by the Blue
Chip Value Fund shareholders. Blue Chip Value Fund has set the
close of business on November 19, 2010 as the record date for the
special meeting of shareholders of the Blue Chip Value Fund to
consider the reorganization. It is currently anticipated that proxy
materials regarding the reorganization will be distributed to Blue
Chip Value Fund’s shareholders later this year or in early 2011 and
that the special meeting will be held during the first quarter of
2011.
For more information about the Blue Chip Value Fund or Westcore
Blue Chip Fund or to receive a free copy of materials filed with
the SEC, including the prospectus/proxy statement describing the
proposed reorganization once a registration statement relating to
the proposed reorganization has been filed with the SEC and becomes
effective, please call 800-624-4190 or visit www.blu.com. Free
copies of such materials will also be available on the SEC website
(http://www.sec.gov). Before making any investment decision, please
read the prospectus/proxy statement carefully when it becomes
available because it will contain important information (including
investment objectives, strategies, fees, expenses and risk
considerations).
This press release is neither an offer to sell, nor a
solicitation of an offer to buy shares of any fund, nor is it a
solicitation of any proxy.
Blue Chip Value Fund, its directors, officers and other members
of management may be deemed to be participants in any future
solicitation of its shareholders in connection with the proposed
special meeting. Shareholders may obtain information about the
names, affiliations and interests of such individuals in Blue Chip
Value Fund’s shareholder report on Form N-CSR for the year ended
December 31, 2009.
Westcore Funds are distributed by ALPS Distributors, Inc. An
investor should consider investment objectives, risks, charges and
expenses of the Westcore Blue Chip Fund carefully before investing.
To obtain a prospectus, which contains this and other important
information about the Westcore Blue Chip Fund, please call
1-800-392-CORE (2673) or visit us online at www.westcore.com.
Please read the prospectus carefully before investing.
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