SRH Total Return Fund, Inc. — Director's Dealing 2006

Nov 15, 2006

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: BOULDER GROWTH & INCOME FUND (BIF)
CIK: 0000102426
Period of Report: 2006-11-13

Reporting Person: ERNEST HOREJSI TRUST NO 1B (10% Owner)
Reporting Person: HOREJSI STEWART R (10% Owner)
Reporting Person: CICIORA SUSAN L (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2006-11-13	Common Stock	S	13539	$10.24	Disposed	2588561	Direct
2006-11-13	Common Stock	S	26300	$10.25	Disposed	2562261	Direct
2006-11-13	Common Stock	S	11422	$10.26	Disposed	2550839	Direct
2006-11-13	Common Stock	S	5000	$10.27	Disposed	2545839	Direct
2006-11-13	Common Stock	S	6100	$10.28	Disposed	2539739	Direct
2006-11-13	Common Stock	S	1000	$10.23	Disposed	2538739	Direct
2006-11-13	Common Stock	S	2000	$10.225	Disposed	2536739	Direct
2006-11-13	Common Stock	S	1861	$10.22	Disposed	2534878	Direct
2006-11-13	Common Stock	S	2700	$10.2088	Disposed	2532178	Direct
2006-11-13	Common Stock	S	300	$10.2	Disposed	2531878	Direct
2006-11-14	Common Stock	S	10700	$10.48	Disposed	2521178	Direct
2006-11-14	Common Stock	S	5000	$10.5	Disposed	2516178	Direct
2006-11-14	Common Stock	S	1500	$10.46	Disposed	2514678	Direct
2006-11-14	Common Stock	S	2800	$10.45	Disposed	2511878	Direct
2006-11-14	Common Stock	S	13500	$10.42	Disposed	2498378	Direct
2006-11-14	Common Stock	S	9300	$10.49	Disposed	2489078	Direct

Footnotes

F1: The trustees of the Ernest Horejsi Trust No. 1B (the "Ernest Trust") are Badlands Trust Company LLC ("Badlands"), Susan L. Ciciora and Larry Dunlap. Such trustees may be deemed to control the Ernest Trust and may be deemed to possess indirect beneficial ownership of the Shares held by the Ernest Trust. However, none of the trustees, acting alone, can vote or exercise dispositive authority over Shares held by the Ernest Trust. Accordingly, Badlands, Ms. Ciciora and Mr. Dunlap disclaim beneficial ownership of the Shares beneficially owned, directly or indirectly, by the Ernest Trust. In addition to serving as a trustee, Ms. Ciciora is also a beneficiary of the Ernest Trust.

As a result of his advisory role with the Ernest Trust, Stewart R. Horejsi may be deemed to have indirect beneficial ownership of the Shares directly beneficially owned by the Ernest Trust. However, Mr. Horejsi disclaims such beneficial ownership of the Shares directly beneficially held by the Ernest Trust.