Investor Relations

Investors rely on Value Line for independent, unbiased investment research of the highest caliber. Through an array of digital and print products, Value Line serves both the retail and the professional investor markets. Our analyst commentaries and proprietary ranks and ratings are consistently recognized for their accuracy in forecasting the performance and investment potential of the stocks that we cover, so our customers can make smart investment decisions.

The Company has a substantial non-voting interest in EULAV Asset Management, investment adviser and distributor of the Value Line Family of Mutual Funds.

Value Line is dedicated to maximizing our long-term growth for the benefit of our shareholders. Our shares are traded on the NASDAQ Global Market® under the symbol: VALU.

CORPORATE STRUCTURE

Value Line, Inc. (the "Company"), a New York Corporation, was organized in 1982 and is the successor to substantially all of the operations of Arnold Bernhard & Company, Inc. ("AB&Co."). AB&Co. owns approximately 90.4% of the Company's outstanding common stock.

The Company produces investment related periodical publications through its wholly-owned subsidiary, Value Line Publishing LLC ("VLP"). Value Line Publishing LLC publishes in both print and digital formats, The Value Line Investment Survey®, one of the nation's major periodical investment services, as well as The Value Line Investment Survey - Small- and Mid-cap, The Value Line 600, Value Line Select, Value Line Select: Dividend Income & Growth, The Value Line Fund Advisor Plus, The Value Line Special Situations Service and The Value Line Daily Options Survey. Value Line Publishing LLC also provides current and historical financial databases, which include DataFile, Estimates & Projections, ETFs, and Mutual Funds in standard computer formats. The Company also markets investment analysis software, which includes The Value Line Investment Analyzer and Value Line Fund Advisor Plus. In addition to these well-established products the Company also now produces The New Value Line ETFs Service, The Value Line M&A Service, The Value Line Information You Should Know Wealth Newsletter, and Value Line Climate Change Investing Service.

The Company's print and digital services are marketed from time to time through media, direct mail and the Internet to retail and institutional investors.

In addition to Value Line Publishing LLC, the Company's other wholly-owned subsidiaries include Vanderbilt Advertising Agency, Inc., and Value Line Distribution Center (VLDC). Vanderbilt Advertising Agency, Inc. places advertising on behalf of the Company and its subsidiaries' businesses. VLDC primarily handles all of the mailings of the publications to VLP's subscribers. Additionally, VLDC is a disaster recovery site for the New York operations. The Company has substantial non-voting interest in EULAV Asset Management, investment adviser and distributor of the Value Line Family of Mutual Funds. The name "Value Line", as used to describe the Company, its products and its subsidiaries, is a registered trademark of the Company.

Corporate Personnel

Executive Officers

Howard A. Brecher, Chief Executive Officer and Chairman of the Board of Directors
Stephen R. Anastasio, Vice President and Treasurer

Board of Directors

Howard A. Brecher
Stephen P. Davis
Alfred R. Fiore
Glenn J. Muenzer
Stephen R. Anastasio
Mary Bernstein

Code of Business Conduct and Ethics

As mandated by the Securities and Exchange Commission, this Code of Business Conduct and Ethics (this “Code”) sets forth legal and ethical standards of conduct for the directors, officers and employees of Value Line, Inc. and subsidiaries (the “Company”). This Code is intended to deter wrongdoing and to promote the conduct of all Company business in accordance with high standards of integrity and in compliance with all applicable laws and regulations. This Code applies to the Company and each director and employee.

If you have any questions regarding this Code or its application to you in any situation, you should contact the Chief Executive Officer (the “CEO”). To continue reading, please visit the Code of Business Conduct and Ethics page.

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Code of Ethics