 First Trust Value Line® Dividend Fund Declares Year-End Distribution
First Trust Advisors, LP
Lisle, IL, December 9, 2005 –First Trust Value Line® Dividend Fund (the “Fund”) (AMEX: FVD) today declared distributions totaling $1.8075 per share as follows: Regular Quarterly Distribution $0.1075*
Short-Term Capital Gains: $0.3200*
Long-Term Capital Gains: $1.3800
Total: $1.8075*
Both treated as ordinary income for tax purposes
The distributions will be payable on December 30, 2005 to shareholders of record on December 21, 2005, with an expected ex-dividend date of December 19, 2005. The final determination of the source and tax status of all distributions paid in 2005 will be made after the end of 2005.
Based on the Fund’s net asset value of $17.76 and the American Stock Exchange closing price of $15.31 on December 8, 2005, the Fund’s regular dividend equates to an annualized distribution rate of 2.42% at NAV and 2.81% at market.
The Fund is a closed-end fund designed to provide total return through a combination of current income and capital appreciation. The Fund seeks to accomplish this objective through a disciplined investment strategy derived from Value Line’s® Safety™Ranking System, which emphasizes its #1 and #2 stocks ranked for Safety™.
First Trust Advisors L.P. acts as the fund’s investment advisor and currently manages or supervises approximately $21 billion in assets.
If you would like more information on First Trust Advisors, LP or Closed-End Funds link to our Advantages of Closed-End Fund Investing.
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