-----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, GiulIv1cqGam2sQ8DH3+qLAoFn+d7Rr5l5ee53s/7WcGLRY2QVQoglFjlurxBLJv u2Nl2MikDqG5hMtJvaQm3Q== 0000893838-04-000083.txt : 20040423 0000893838-04-000083.hdr.sgml : 20040423 20040423163508 ACCESSION NUMBER: 0000893838-04-000083 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20040423 ITEM INFORMATION: Other events ITEM INFORMATION: Financial statements and exhibits FILED AS OF DATE: 20040423 FILER: COMPANY DATA: COMPANY CONFORMED NAME: VALUE LINE INC CENTRAL INDEX KEY: 0000717720 STANDARD INDUSTRIAL CLASSIFICATION: INVESTMENT ADVICE [6282] IRS NUMBER: 133139843 STATE OF INCORPORATION: NY FISCAL YEAR END: 0430 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 000-11306 FILM NUMBER: 04751484 BUSINESS ADDRESS: STREET 1: 220 E 42ND ST CITY: NEW YORK STATE: NY ZIP: 10017 BUSINESS PHONE: 2129071500 8-K 1 valueline8k042304.txt FORM 8-K VALUE LINE INC. FPE 04/23/04 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 April 23, 2004 (April 23, 2004) - -------------------------------------------------------------------------------- Date of Report (Date of earliest event reported) VALUE LINE, INC. ------------------------------------------------------------------------------- (Exact name of registrant as specified in its charter) New York 0-11306 13-3139843 - -------------------------------------------------------------------------------- (State or other jurisdiction (Commission (IRS Employer of incorporation) File Number) Identification No.) 220 East 42nd Street, New York, New York 10017-5891 - -------------------------------------------------------------------------------- (Address of principal executive offices) (Zip Code) Registrant's telephone number, including area code (212) 907-1500 -------------- INFORMATION TO BE INCLUDED IN THE REPORT Item 5. Other Events and Regulation FD Disclosure. - ------ ---------------------------------------------- Registrant's press release dated April 23, 2004, reporting the declaration of a special dividend on the Registrant's common stock, is filed herewith as Exhibit 99 and is incorporated herein by reference. Item 7. Financial Statements and Exhibits. - ------ --------------------------------- (c) Exhibits. -------- 99. Press release of Registrant dated April 23, 2004. SIGNATURE --------- Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the Registrant has duly caused this Current Report to be signed on its behalf by the undersigned thereunto duly authorized. VALUE LINE INC. --------------------------- (Registrant) By /s/ Jean Bernhard Buttner -------------------------------- Jean Bernhard Buttner Chairman & Chief Executive Officer Date: April 23, 2004 EX-99 2 valueline8kex99042304.txt PRESS RELEASE DTD 04/23/04 Exhibit 99 ---------- Value Line, Inc. For Immediate Release Company Contact: Jean B. Buttner, CEO April 23, 2004 (212) 907-1500 Value Line, Inc. (VALU) Announces Special Dividend of $17.50 per Share Payable to Shareholders of Record May 7 Business Wire - April 23, 2004 New York, NASDAQ - Value Line, Inc. (VALU) announced its Board had declared today a special dividend in the amount of $17.50 per share on its common stock. The dividend is to be paid on May 19, 2004, to shareholders of record May 7, 2004. Jean Bernhard Buttner, Value Line's Chairman and Chief Executive Officer said, "We are pleased to declare a special dividend in the amount of $17.50 per share to all shareholders of record May 7, 2004. The dividend in the total sum of $174,678,000 is payable on May 19. The Company is making this special distribution from its Retained Earnings. Value Line is exceptionally strong financially, with $208,464,000 of Shareholders' Equity as of our last reporting date, January 31, 2004. "The purpose of the dividend is to return to all shareholders, in the form of cash, a significant portion of the earnings of the Company from our successful operations over the past number of years, at a time when shareholders can enjoy the present favorable tax rates on dividends. Value Line believes many companies should consider similar pro-active steps to help maximize shareholder returns." Value Line is a leading New York based investment publishing and investment management company. The Value Line Investment Survey is the nation's largest independent investment service. The Company also produces and publishes other investment advice in both print and electronic formats. Value Line provides investment management services to the Value Line family of fourteen no-load mutual funds and to institutional and individual portfolios through its asset management division. -----END PRIVACY-ENHANCED MESSAGE-----