SRH Total Return Fund, Inc. — Director's Dealing 2007

Oct 23, 2007

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: BOULDER GROWTH & INCOME FUND (BIF)
CIK: 0000102426
Period of Report: 2007-10-19

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
2007-10-19	Common Stock	S	100	$9.79	Disposed	2876008	Direct
2007-10-19	Common Stock	S	4000	$9.75	Disposed	2872008	Direct
2007-10-19	Common Stock	S	10000	$9.7	Disposed	2862008	Direct
2007-10-19	Common Stock	S	7500	$9.68	Disposed	2854508	Direct
2007-10-19	Common Stock	S	1000	$9.69	Disposed	2853508	Direct
2007-10-19	Common Stock	S	1500	$9.67	Disposed	2852008	Direct
2007-10-19	Common Stock	S	3000	$9.72	Disposed	2849008	Direct
2007-10-22	Common Stock	S	4900	$9.52	Disposed	2844108	Direct
2007-10-22	Common Stock	S	11500	$9.51	Disposed	2832608	Direct
2007-10-22	Common Stock	S	3500	$9.55	Disposed	2829108	Direct
2007-10-22	Common Stock	S	4000	$9.5	Disposed	2825108	Direct
2007-10-22	Common Stock	S	5000	$9.54	Disposed	2820108	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.