SRH Total Return Fund, Inc. — Director's Dealing 2015

May 5, 2015

SEC Form 3/A — Form 3/A

Issuer: BOULDER GROWTH & INCOME FUND (BIF)
CIK: 0000102426
Period of Report: 2015-03-20

Reporting Person: EVERGREEN ATLANTIC LLC (10% Owner)
Reporting Person: HOREJSI STEWART R (10% Owner)
Reporting Person: SUSAN L CICIORA TRUST (10% Owner)
Reporting Person: STEWART WEST INDIES TRUST (10% Owner)

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	1072902	Direct

Footnotes

F1: On March 20, 2015, Boulder Total Return Fund, Inc. ("BTF"), The Denali Fund Inc. ("DNY") and First Opportunity Fund, Inc. ("FOFI") reorganized into Boulder Growth & Income Fund, Inc. ("BIF") (the "Reorganization") pursuant to that certain Agreement and Plan of Reorganization, dated as of March 5, 2015 (the "Agreement"). Pursuant to the Agreement, BIF acquired all of the assets and liabilities of BTF, DNY and FOFI in exchange for common shares of BIF (the "BIF Shares").

F2: The Reorganization occurred based on the relative net asset values ("NAV") of BIF, BTF, DNY and FOFI as of the close of regular trading on the New York Stock Exchange on March 20, 2015. At such time, BIF reported net assets of $273,608,352.67 and a NAV per share of $10.73 and BTF reported net assets of $413,286,769.95 and a NAV per share of $33.50. Holders of BTF shares received 3.121182 BIF Shares for each BTF share owned. Fractional shares were paid in cash.

F3: In connection with the Reorganization, Evergreen Atlantic LLC received 1,072,902 BIF Shares (and cash for fractional shares, if any) for its 343,749 shares of BTF.

F4: The manager of Evergreen Atlantic LLC ("Evergreen Atlantic") is Stewart R. Horejsi. The members of Evergreen Atlantic are the Susan L. Ciciora Trust and the Stewart West Indies Trust. Mr. Horejsi may be deemed to control Evergreen Atlantic and may be deemed to possess indirect beneficial ownership of the shares held by Evergreen Atlantic.

F5: Evergreen Atlantic and trusts, persons and entities affiliated with the reporting person(s), including Lola Brown Trust No. 1B, Ernest Horejsi Trust No. 1B, Mildred B. Horejsi Trust, Stewart West Indies Trust, Stewart R. Horejsi Trust No. 2, Susan L. Ciciora Trust, Susan L. Ciciora and Ellen O. Cooper (the "Horejsi Affiliates"), own an aggregate of 45,444,843 shares of BIF.