SRH Total Return Fund, Inc. — Director's Dealing 2008

Nov 18, 2008

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: BOULDER GROWTH & INCOME FUND (BIF)
CIK: 0000102426
Period of Report: 2008-11-14

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
2008-11-14	Common Stock	P	2000	$4.07	Acquired	3195532	Direct
2008-11-14	Common Stock	P	200	$4.08	Acquired	3195732	Direct
2008-11-14	Common Stock	P	200	$4.1	Acquired	3195932	Direct
2008-11-14	Common Stock	P	1800	$4.12	Acquired	3197732	Direct
2008-11-14	Common Stock	P	3000	$4.13	Acquired	3200732	Direct
2008-11-14	Common Stock	P	1000	$4.15	Acquired	3201732	Direct
2008-11-14	Common Stock	P	4900	$4.18	Acquired	3206632	Direct
2008-11-14	Common Stock	P	19337	$4.17	Acquired	3225969	Direct
2008-11-14	Common Stock	P	2100	$4.2	Acquired	3228069	Direct
2008-11-14	Common Stock	P	300	$4.21	Acquired	3228369	Direct
2008-11-14	Common Stock	P	16417	$4.27	Acquired	3244786	Direct
2008-11-14	Common Stock	P	10000	$4.3	Acquired	3254786	Direct
2008-11-14	Common Stock	P	4100	$4.25	Acquired	3258886	Direct
2008-11-14	Common Stock	P	18100	$4.26	Acquired	3276986	Direct
2008-11-14	Common Stock	P	6300	$4.28	Acquired	3283286	Direct
2008-11-14	Common Stock	P	7700	$4.29	Acquired	3290986	Direct
2008-11-14	Common Stock	P	2000	$4.24	Acquired	3292986	Direct
2008-11-14	Common Stock	P	1100	$4.33	Acquired	3294086	Direct
2008-11-14	Common Stock	P	7600	$4.39	Acquired	3301686	Direct
2008-11-14	Common Stock	P	3500	$4.37	Acquired	3305186	Direct
2008-11-14	Common Stock	P	4000	$4.38	Acquired	3309186	Direct
2008-11-14	Common Stock	P	9600	$4.4	Acquired	3318786	Direct
2008-11-14	Common Stock	P	3500	$4.43	Acquired	3322286	Direct
2008-11-14	Common Stock	P	3500	$4.44	Acquired	3325786	Direct
2008-11-14	Common Stock	P	1000	$4.46	Acquired	3326786	Direct
2008-11-14	Common Stock	P	2000	$4.47	Acquired	3328786	Direct

Footnotes

F1: The trustees of the Ernest Horejsi Trust No. 1B (the "Ernest Trust") are Alaksa Trust Company ("Alaska Trust"), 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, Alaska Trust, 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.