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Filing Details

Accession Number:: 0001247992-15-000006
Form Type:: 4/A
Zero Holdings:: No
Publication Time:: 2015-05-05 13:32:17
Reporting Period:: 2015-03-20

Filing Date:: 2015-05-05
Accepted Time:: 2015-05-05 13:32:17
Original Submission Date:: 2015-03-24
SEC Url:: Form 4 Filing

Issuer

Cik	Name	Symbol	Sector (SIC)	IRS No
102426	Boulder Growth & Income Fund	BIF	()	132729672

Insiders

Cik	Name	Reported Address	Insider Title	Director	Officer	Large Shareholder	Other
1246903	R Stewart Horejsi	2121 E. Crawford Place Salina KS 67401		No	No	Yes	No
1247992	1B Trust Brown Lola	C/O Alaska Trust Company 1029 West 3Rd Avenue, Suite 400 Anchorage AK 99501		No	No	Yes	No

Reported Non-Derivative Transactions

Show Other Fields >>

Sec. Name	Acquisiton - Disposition	Date	Amount	Price	Remaning Holdings	Equity Swap Involved	Form Type	Code	Nature of Ownership
Common Stock	Acquisiton	2015-03-20	5,202,720	$0.00	6,793,014	No	4	P	Direct
Common Stock	Acquisiton	2015-03-20	2,316,646	$0.00	9,109,660	No	4	P	Direct
Common Stock	Acquisiton	2015-03-20	5,302,656	$0.00	14,412,316	No	4	P	Direct

Equity Swap Involved	Form Type	Code	Nature of Ownership
No	4	P	Direct
No	4	P	Direct
No	4	P	Direct

Footnotes

On March 20, 2015, Boulder Total Return Fund, Inc. ("BTF"), The Denali Fund Inc. ("DNY") and First Opportunity Fund, Inc. ("FOFI") reorganized into Boulder Growth & Income Fund, Inc. ("BIF") (the "Reorganization") pursuant to that certain Agreement and Plan of Reorganization, dated as of March 5, 2015 (the "Agreement"). Pursuant to the Agreement, BIF acquired all of the assets and liabilities of BTF, DNY and FOFI in exchange for common shares of BIF (the "BIF Shares").
The Reorganization occurred based on the relative net asset values ("NAV") of BIF, BTF, DNY and FOFI as of the close of regular trading on the New York Stock Exchange on March 20, 2015. At such time, BIF reported net assets of $273,608,352.67 and a NAV per share of $10.73; BTF reported net assets of $413,286,769.95 and a NAV per share of $33.50; DNY reported net assets of $108,819,429.37 and a NAV per share of $26.18; and FOFI reported net assets of $342,875,845.30 and a NAV per share of $11.93. Holders of BTF shares received 3.121182 BIF Shares for each BTF share owned, holders of DNY shares received 2.439214 BIF Shares for each DNY share owned, and holders of FOFI shares received 1.111719 BIF Shares for each FOFI share owned. Fractional shares were paid in cash.
In connection with the Reorganization, the Lola Brown Trust 1B received 5,202,720 BIF Shares (and cash for fractional shares, if any) for its 1,666,907 shares of BTF.
In connection with the Reorganization, the Lola Brown Trust 1B received 2,316,646 BIF Shares (and cash for fractional shares, if any) for its 949,751.58 shares of DNY.
In connection with the Reorganization, the Lola Brown Trust 1B received 5,302,656 BIF Shares (and cash for fractional shares, if any) for its 4,769,782 shares of FOFI.
The trustees of the Lola Brown Trust No. 1B (the "Trust") are Alaska Trust Company ("Alaska Trust"), Susan L. Ciciora and Larry Dunlap. Such trustees may be deemed to control the Trust and may be deemed to possess indirect beneficial ownership of the shares held by the Trust. However, none of the trustees, acting alone, can vote or exercise dispositive authority over shares held by the Trust. Accordingly, Alaska Trust, Ms. Ciciora and Mr. Dunlap disclaim beneficial ownership of the shares beneficially owned, directly or indirectly, by the Trust. In addition to serving as a trustee, Ms. Ciciora is also a beneficiary of the Trust. As a result of his advisory role with the Trust, Stewart R. Horejsi may be deemed to have indirect beneficial ownership of the shares directly beneficially owned by the Trust. However, Mr. Horejsi disclaims such beneficial ownership of the shares directly beneficially held by the Trust.
The Trust, trusts, persons and entities affiliated with the reporting person(s), including Evergreen Atlantic, LLC, Ernest Horejsi Trust No. 1B, Mildred B. Horejsi Trust, Stewart West Indies Trust, Stewart R. Horejsi Trust No. 2, Susan L. Ciciora Trust, Susan L. Ciciora and Ellen O. Cooper (the "Horejsi Affiliates"), own an aggregate of 45,444,843 shares of BIF.