Blue Chip Value Fund and Westcore Blue Chip Fund Jointly Announce Board Approval of Proposed Reorganization
November 18 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 formally approved the plan 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
reorganization must be approved 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 anticipated that proxy materials 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 on
February 8, 2011.
If the reorganization is approved by Blue Chip Value Fund
shareholders, the final dividend or capital gains distribution, if
any, declared and paid immediately prior to the closing of the
reorganization will be paid to Blue Chip Value Fund shareholders
entirely in cash, even to those shareholders who participate in the
dividend reinvestment plan.
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
800.392.CORE (2673) or visit us online at
www.westcore.com. Please read the prospectus carefully
before investing.
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