First Trust Advisors LP
Lisle, IL, July 20, 2006 –First Trust Value Line® Dividend Fund (the “Fund”) (AMEX: FVD) has declared its regularly scheduled monthly distribution of $0.08786 per share.
Based on the Fund’s net asset value of $16.69 and the American Stock Exchange closing price of $15.09 on July 19, 2006, the Fund’s regular distribution equates to an annualized distribution rate of 6.32% at NAV and 6.99% at market.
The distribution will be payable on August 15, 2006 to shareholders of record on August 3, 2006, with an expected ex-distribution date of August 1, 2006. The final determination of the source and tax status of all distributions paid in 2006 will be made after the end of 2006.
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 managesor supervises approximately $25 billion in assets.
View more information on First Trust Advisors, LP or other Closed-End Funds.
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