SRH Total Return Fund, Inc. — Director's Dealing 2012

Oct 30, 2012

SEC Form 3 — Initial Statement of Beneficial Ownership

Issuer: BOULDER GROWTH & INCOME FUND (BIF)
CIK: 0000102426
Period of Report: 2012-10-26

Reporting Person: LOLA BROWN TRUST 1B (10% Owner)
Reporting Person: CICIORA SUSAN L (Director)
Reporting Person: HOREJSI STEWART R (10% Owner)

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	1590294	Direct

Footnotes

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

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

F2: These transactions did not result in a change to the Horejsi Trust's aggregate ownership. Trusts affiliated with the Brown Trust, including the Ernest Horejsi Trust No. 1B, own an aggregate of 8,638,905 Shares of the Fund following these transactions.