-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, SzhkexpiGAOrAuCZq1OA0AmaoaLHCDaQMdgmBmXU0XjnpC5VY3Qro8EfNmokb1+Y WdHxr0TV7HySGt49MOkc+g== 0001188112-10-003013.txt : 20101103 0001188112-10-003013.hdr.sgml : 20101103 20101103172406 ACCESSION NUMBER: 0001188112-10-003013 CONFORMED SUBMISSION TYPE: 497K PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20101103 DATE AS OF CHANGE: 20101103 EFFECTIVENESS DATE: 20101103 FILER: COMPANY DATA: COMPANY CONFORMED NAME: Value Line Premier Growth Fund, Inc. CENTRAL INDEX KEY: 0000102767 IRS NUMBER: 000000000 FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 497K SEC ACT: 1933 Act SEC FILE NUMBER: 002-12663 FILM NUMBER: 101162407 BUSINESS ADDRESS: STREET 1: 220 E 42ND ST CITY: NEW YORK STATE: NY ZIP: 10017 BUSINESS PHONE: 2126873965 MAIL ADDRESS: STREET 1: 220 E 42ND ST CITY: NEW YORK STATE: NY ZIP: 10017 FORMER COMPANY: FORMER CONFORMED NAME: VALUE LINE SPECIAL SITUATIONS FUND INC DATE OF NAME CHANGE: 19920703 0000102767 S000007574 Value Line Premier Growth Fund, Inc. C000020639 Value Line Premier Growth Fund, Inc. VALSX 497K 1 t69188e1_497k.htm SUPPLEMENT t69188e1_497k.htm
 
Supplement dated November 3, 2010 to:
Value Line Emerging Opportunities Fund, Inc.
Summary Prospectus dated August 1, 2010
Value Line Premier Growth Fund. Inc. Summary
Prospectus dated May 1, 2010
 
The information in this Supplement updates information in, supersedes any contrary information in, and should be read in conjunction with, the Summary Prospectus and all applicable Supplements.
 

At a special meeting of shareholders of each of the Value Line Funds (the “Funds”) held on October 26, 2010, shareholders approved the following proposal was approved with respect to the Value Line Emerging Opportunities Fund, Inc. and the Value Line Premier Growth Fund. Inc.:

To elect three nominees for Directors of each Fund, each of whom will serve until he or she resigns, is removed, dies or becomes incapacitated.

At a separate special meeting of shareholders of the Funds also held on October 26, 2010, a quorum was not reach because the requisite number of shares was not represented with regard to the following proposal with respect to the Value Line Emerging Opportunities Fund, Inc. and the Value Line Premier Growth Fund. Inc.:

To approve a new investment advisory agreement between each Fund and EULAV Asset Management.

The meetings were called because the Board of Directors/Trustees (collectively, the “Board”) recommended that each Fund’s shareholders elect three persons, Ms. Joyce Heinzerling and Messrs. Mitchell E. Appel and Daniel S. Vandivort, to serve as directors.  The meetings were also called in light of the intention by Value Line, Inc. (“VLI”), the parent company of EULAV Asset Management, LLC, the Funds’ investment adviser (“the Adviser”) and EULAV Securities, Inc., the Funds’ principal underwriter (the “Distributor”), to restructure the ownership and control of the Adviser and the Distributor as more fully described in the Proxy Statement (the “Restructuring”).  Upon the closing of the Restructuring (the “Closing”) each Fund’s current investment advisory agreement with the Adviser (the “Current Investment Advisory Agreement”) will terminate. As a result, the new investment advisory agreement between the restructured Adviser (which will be named EULAV Asset Management) and each Fund (the “New Investment Advisory Agreement”) was proposed.  Upon the Closing, which is expected to occur prior to December 23, 2010, the newly elected directors are expected to begin serving on the Board.

With respect to the proposal to approve a New Investment Advisory Agreement between each Fund and the restructured Adviser, the meeting was adjourned and will reconvene on November 24, 2010, at 11:30 a.m. Eastern time at the offices of Wilmer Cutler Pickering Hale and Dorr LLP located at 399 Park Avenue, New York, New York 10022.  Each shareholder of record as of the close of business on August 25, 2010 (the “Record Date”) is entitled to notice and to vote at the meeting.  On or around September 22, 2010, a proxy statement (the “Proxy Statement”) describing the proposal to be considered at the meeting was sent to each shareholder of record as of the Record Date.

* * * * *

INVESTORS SHOULD RETAIN THIS SUPPLEMENT WITH THE SUMMARY PROSPECTUS
FOR FUTURE REFERENCE
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