Attached files
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| 8-K - VALUE LINE INC | v208693_8k.htm |
Value
Line, Inc.
220
East 42nd
Street
New
York, NY 10017
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For
Immediate Release
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Contact:
Howard A. Brecher
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|
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January
21, 2011
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Value
Line, Inc.
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|
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NEWS
RELEASE
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(212)
907-1500
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VALUE
LINE, INC. ANNOUNCES REGULAR QUARTERLY DIVIDEND OF $0.20 PER SHARE AND STOCK
REPURCHASE PROGRAM
NEW YORK,
January 21, 2011 /PRNewswire-FirstCall/ -- (NASDAQ: VALU - News)
New York,
NASDAQ – (VALU) Value Line, Inc., a leading New York-based investment publishing
company, announced today that its Board of Directors approved on January 20,
2011 a quarterly dividend of $0.20 per common share of Value Line, payable on
February 10, 2011 to shareholders of record on January 31, 2011.
In
addition, the Board of Directors approved the repurchase of shares of the
Company’s Common Stock up to an aggregate purchase price not to exceed
$3,200,000.
"Based on
current market prices, we believe that the repurchase program is in the best
interests of our shareholders," said Howard A. Brecher, the Company's Acting
Chairman and Acting Chief Executive Officer. The repurchases will be
made from time to time on the open market at prevailing market prices or in
negotiated transactions off the market. The repurchase program is expected to
continue through January 15, 2012 unless extended or shortened by the Board of
Directors.
About
Value Line
Value
Line, Inc. is a leading New York-based investment publishing company. Investment
management services are provided through its substantial non-voting interest in
EULAV Asset Management (EAM), investment adviser and distributor of the Value
Line Family of Mutual Funds. Value Line believes The Value Line Investment
Survey is one of the most widely read independent investment
publications. Value Line also produces and publishes other proprietary
investment periodicals in both print and electronic formats. Value Line has
copyrighted data, which it distributes under copyright agreements for fees,
including certain proprietary ranking system information and other proprietary
information used in third party products.
Safe
Harbor Statement under the Private Securities Litigation Reform Act of
1995
This
report may contain statements that are predictive in nature, depend upon or
refer to future events or conditions (including certain projections and business
trends) accompanied by such phrases as “believe”, “estimate”, “expect”,
“anticipate”, “will”, “intend” and other similar or negative expressions, that
are “forward-looking statements” as defined in the Private Securities Litigation
Reform Act of 1995. Actual results may differ materially from those
projected as a result of certain risks and uncertainties, including but not
limited to the following:
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·
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dependence
on key personnel;
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·
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maintaining
revenue from subscriptions for Value Line’s
products;
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·
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protection
of intellectual property rights;
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·
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changes
in market and economic conditions;
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·
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fluctuations
in EAM’s assets
under management due to broadly based changes in the values of equity and
debt securities, redemptions by investors and other
factors;
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·
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dependence
on Value Line Funds for investment management and related
fees;
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·
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competition
in the fields of publishing, copyright data and investment
management;
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·
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the
impact of government regulation on Value Line's business and the
uncertainties of litigation and regulatory
proceedings;
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·
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terrorist
attacks; and
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·
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other
risks and uncertainties, including but not limited to the risks described
in Item 1A, “Risk Factors” of Value Line’s Annual Report on Form 10-K for
the year ended April 30, 2010, and other risks and uncertainties from time
to time.
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Any
forward-looking statements are made only as of the date hereof, and Value Line
undertakes no obligation to update or revise the forward-looking statements,
whether as a result of new information, future events or otherwise.