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Filing Details

Accession Number:: 0001245551-15-000004
Form Type:: 4/A
Zero Holdings:: No
Publication Time:: 2015-05-05 17:21:06
Reporting Period:: 2015-03-20

Filing Date:: 2015-05-05
Accepted Time:: 2015-05-05 17:21:06
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
1245551	C Stephen Miller	2344 Spruce Street Suite A Boulder CO 80302	President	Yes	Yes	No	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	Explanation
Common Stock	Acquisiton	2015-03-20	3,745	$0.00	13,745	No	4	A	Direct
Common Stock	Acquisiton	2015-03-20	12,117	$0.00	25,862	No	4	A	Direct
Common Stock	Acquisiton	2015-03-20	8,729	$0.00	28,863	No	4	P	Indirect	By Self as member of Erma Miller, LLC
Common Stock	Acquisiton	2015-03-20	13,507	$0.00	42,370	No	4	P	Indirect	By Self as member of Erma Miller, LLC

Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
No	4	A	Direct
No	4	A	Direct
No	4	P	Indirect	By Self as member of Erma Miller, LLC
No	4	P	Indirect	By Self as member of Erma Miller, LLC

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, 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 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, Mr. Miller received 3,745 BIF Shares (and cash for fractional shares, if any) for his 1,200 shares of BTF.
In connection with the Reorganization, Mr. Miller received 12,117 BIF Shares (and cash for fractional shares, if any) for his 10,900 shares of FOFI.
In connection with the Reorganization, Erma Miller, LLC received 8,729 BIF Shares (and cash for fractional shares, if any) for its 2,797 shares of BTF.
In connection with the Reorganization, Erma Miller, LLC received 13,507 BIF Shares (and cash for fractional shares, if any) for its 12,150 shares of FOFI.
In addition to the 25,862 Shares of BIF that Mr. Miller owns directly, Mr. Miller also owns 42,370 shares indirectly as a member of Erma Miller, LLC. The members of Erma Miller, LLC ("EMLLC") are Erma Miller, Stephen C. Miller, William Miller, Susan Roof, and Cynthia Ziegler. Such members may be deemed to control EMLLC and may be deemed to possess indirect beneficial ownership of the shares held by EMLLC. Stephen C. Miller and Erma Miller, acting alone, can vote or exercise dispositive authority over shares held by EMLLC.