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SRH Total Return Fund, Inc. Director's Dealing 2010

Jan 21, 2010

31784_dirs_2010-01-21_3cd10cff-b21d-4443-aad4-432d29f40647.zip

Director's Dealing

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SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: BOULDER GROWTH & INCOME FUND (BIF)
CIK: 0000102426
Period of Report: 2010-01-19

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
2010-01-19 Common Stock P 26871 $5.85 Acquired 7375912 Direct
2010-01-19 Common Stock P 5100 $5.84 Acquired 7381012 Direct
2010-01-19 Common Stock P 1515 $5.86 Acquired 7382527 Direct
2010-01-20 Common Stock P 8500 $5.86 Acquired 7391027 Direct
2010-01-20 Common Stock P 8600 $5.85 Acquired 7399627 Direct
2010-01-20 Common Stock P 16500 $5.84 Acquired 7416127 Direct
2010-01-20 Common Stock P 4000 $5.83 Acquired 7420127 Direct
2010-01-20 Common Stock P 9400 $5.89 Acquired 7429527 Direct
2010-01-20 Common Stock P 3319 $5.9 Acquired 7432846 Direct
2010-01-20 Common Stock P 200 $5.88 Acquired 7433046 Direct

Footnotes

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