Blue Chip Value Fund, Inc. (NYSE:BLU)
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The Directors of Blue Chip Value Fund, Inc. have declared a distribution
of $0.10 per share. This distribution is payable October 24, 2008, to
stockholders of record on October 10, 2008 and will have an ex-dividend
date of October 8, 2008. The Fund’s
Distribution Plan includes a quarterly distribution equal to 2.5% of its
Net Asset Value, rounded to the nearest penny.
The following table sets forth the estimated amounts of the current
distribution and the cumulative distributions paid this fiscal year to
date from the following sources: net investment income; net realized
short term capital gains; net realized long term capital gains; and
return of capital.
Sources of Distribution
Current Distribution ($)
% Breakdown of the Current Distribution
Total Cumulative Distributions for the Fiscal Year to Date ($)
% Breakdown of the Total Cumulative Distributions for the Fiscal
Year to Date
Net Investment Income
$0.0018
1.80%
$0.0087
2.49%
Net Realized Short Term Capital Gains
$0.0000
0.00%
$0.0000
0.00%
Net Realized Long Term Capital Gains
$0.0000
0.00%
$0.0000
0.00%
Return of Capital
$0.0982
98.20%
$0.3413
97.51%
Total (per common share)
$0.10
100%
$0.35
100%
Average annual total return (in relation to NAV) for the 5 years
ending September 30, 2008
5.20
%
Annualized current distribution rate expressed as a percentage of
NAV as of September 30, 2008
9.69
%
Cumulative total return (in relation to NAV) for the fiscal year
through September 30, 2008
(18.47
%)
Cumulative fiscal year distributions as a percentage of NAV as of
September 30, 2008
8.47
%
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 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.
For additional information on the Fund please visit www.blu.com.