DENVER, Nov. 10, 2021 /PRNewswire/ -- Boulder Growth
& Income Fund, Inc. (NYSE:BIF) (the "Fund") is pleased to
announce a 17.6% increase in the Fund's quarterly distribution to
$0.12 per share beginning in
January 2022, payable on the dates
noted below. This distribution is being paid as part of the
Fund's managed distribution program under which the Fund intends to
make per share distributions of $0.12
per quarter, or approximately $0.48
per year. As of market close on November 3,
2021, the distribution amounts to approximately 3.54% of
market price and 2.93% of net asset value ("NAV") on an annualized
basis.
Due to the current discount of the Fund's market price to its
per share NAV and the fact that distributions are made in cash
(i.e., at NAV), if Fund shares continue to trade at a discount at
the time of this distribution, then it will be accretive to the
Fund's market-price-based return. The January 2022 quarterly distribution will be
payable in cash to stockholders of record per the following
critical dates:
Pay
Date
|
Record
Date
|
Ex-Dividend
Date
|
Amount Per
Share
|
January 31,
2022
|
January 24,
2022
|
January 21,
2022
|
$0.12
|
As previously announced, the Board of Directors instituted a
managed distribution program in accordance with its Section 19(b)
exemptive order in November 2015. In adopting the program, the
Fund seeks to provide a regular quarterly distribution to its
common stockholders which is not dependent on the amount of income
earned or capital gains realized by the Fund.
Investors should not make any conclusions about the Fund's
investment performance from the amount of the Fund's distributions
or the Fund's distribution policy. With each distribution that does
not consist solely of net investment income, the Fund will issue a
notice to shareholders and an accompanying press release that will
provide detailed information regarding the amount and composition
of the distribution and other related information. The amounts and
sources of distributions reported in the notice to shareholders are
only estimates and are not being provided for tax reporting
purposes. The actual amounts and sources of the amounts for tax
reporting purposes will depend upon the Fund's investment
experience during its full fiscal year and may be subject to
changes based on tax regulations. The Fund will send shareholders a
Form 1099-DIV for the calendar year that will tell them how to
report these distributions for federal income tax purposes.
_______________
The Fund
Boulder Growth & Income Fund, Inc. is a non-diversified
closed-end investment company traded on the New York Stock Exchange
under the trading symbol "BIF". As of November 3, 2021, the Fund's NAV was $16.41 per share and the closing market price was
$13.56 (a 17.37% discount to NAV).
For more information on the Fund, please visit the Fund's webpage
at www.bouldercef.com.
The Fund is a closed-end fund and does not continuously issue
stock for sale as open-end mutual funds do. The Fund now trades in
the secondary market. Investors wishing to buy or sell stock need
to place orders through an intermediary or broker. The share price
of a closed-end fund is based on the market value.
_______________
About SS&C Technologies
SS&C is a global provider of services and software for the
financial services and healthcare industries. Founded in 1986,
SS&C is headquartered in Windsor,
Connecticut, and has offices around the world. Some 18,000
financial services and healthcare organizations, from the world's
largest companies to small and mid-market firms, rely on SS&C
for expertise, scale and technology.
About SS&C ALPS Advisors
ALPS Advisors, Inc., a wholly-owned subsidiary of SS&C
Technologies, Inc., is a leading provider of investment products
for advisors and institutions. With over $18.2 billion in assets under management as of
September 30, 2021, the firm is an
open architecture boutique investment manager offering portfolio
building blocks, active insight, and an unwavering drive to guide
clients to investment outcomes across sustainable income, thematic
and alternative growth strategies. For more information, visit
www.alpsfunds.com.
Rocky Mountain Advisers, LLC
RMA is an investment adviser registered with the SEC based out
of Kansas. More information about
RMA is available at www.bouldercef.com as well as the SEC's
investment adviser search website at www.adviserinfo.sec.gov.
ALPS Portfolio Solutions Distributor, Inc., FINRA
Member.
NOT FDIC INSURED | May Lose Value | No Bank Guarantee
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SOURCE Boulder Growth & Income Fund, Inc.