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Home>Boulder Growth & Income Fund Announces Notification of Sources of Distribution

Boulder Growth & Income Fund Announces Notification of Sources of Distribution

Boulder Growth & Income Fund Announces Notification of Sources of Distribution

09/30/2017

Boulder Growth & Income Fund Announces Notification of Sources of Distribution

Statement Pursuant to Section 19(a) of the Investment Company Act of 1940

On September 29, 2017, Boulder Growth & Income Fund, Inc. (NYSE: BIF) (the “Fund”), a closed-end investment company, will pay a distribution on its common stock of $0.0340 per share to stockholders of record at the close of business on September 22, 2017. The Fund, acting in accordance with an exemptive order received from the Securities and Exchange Commission and with approval of its Board of Directors, adopted a managed distribution policy under which the Fund may utilize capital gains, where applicable, as part of regular monthly cash distributions to its stockholders. This policy gives the Fund greater flexibility to realize capital gains and to distribute those gains to stockholders.

The following table sets forth the estimated amounts of the current distribution and the cumulative distributions paid this fiscal year-to-date from the sources indicated in the table. In addition, the table shows the percentages of the total distribution amount per share attributable to (i) net investment income, (ii) net realized short-term capital gain, (iii) net realized long-term capital gain and (iv) return of capital or other capital source. These percentages are disclosed for the current distribution as well as the fiscal year-to-date cumulative distribution amount per share for the Fund.

                     
Current Distribution from:                
Per Share ($) Percentage (%)
Net Investment Income 0.0000 0.00 %
Net Realized Short-Term Capital Gains 0.0000 0.00 %
Net Realized Long-Term Capital Gains 0.0340 100.00 %
Return of Capital or other Capital Source 0.0000 0.00 %
Total (per common share) 0.0340 100.00 %
 
Fiscal Year-to-Date Cumulative

Distributions from 1 :

Per Share ($) Percentage (%)
Net Investment Income 0.0701 20.59 %
Net Realized Short-Term Capital Gains 0.0018 0.54 %
Net Realized Long-Term Capital Gains 0.1493 43.93 %
Return of Capital or other Capital Source 0.1188 34.94 %
Total (per common share)         0.3400         100.00 %

_____________________
1 The Fund’s fiscal year is December 1 to November 30. Information shown is for the period beginning December 1, 2016.

Stockholders should not draw any conclusions about the Fund’s investment performance from the amount of this distribution or from the terms of the Fund’s managed distribution policy. The amounts and sources of distributions reported in this 19(a) Notice are only estimates, are likely to change over time, and are not being provided for tax reporting purposes.

Based on tax estimates, the Fund estimates that it has distributed more than its income and net realized capital gains; therefore, a portion of your distribution may be a return of capital. A return of capital may occur, for example, when some or all of the money that you invested in the Fund is paid back to you. A return of capital distribution does not necessarily reflect the Fund’s investment performance and should not be confused with ‘yield’ or ‘income.’

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