AI assistant
SRH Total Return Fund, Inc. — Director's Dealing 2015
May 5, 2015
31784_dirs_2015-05-05_cbc0c18d-8455-4ad5-ac1f-1fe1a4edea3d.zip
Director's Dealing
Open in viewerOpens in your device viewer
SEC Form 4/A — Form 4/A
Issuer: BOULDER GROWTH & INCOME FUND (BIF)
CIK: 0000102426
Period of Report: 2015-03-20
Reporting Person: LOONEY JOEL W (Director)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2015-03-20 | Common Stock | A | 14956 | — | Acquired | 29369 | Direct |
| 2015-03-20 | Common Stock | A | 4192 | — | Acquired | 33561 | Direct |
| 2015-03-20 | Common Stock | A | 24715 | — | Acquired | 58276 | 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; BTF reported net assets of $413,286,769.95 and a NAV per share of $33.50; DNY reported net assets of $108,819,429.37 and a NAV per share of $26.18; and FOFI reported net assets of $342,875,845.30 and a NAV per share of $11.93. Holders of BTF shares received 3.121182 BIF Shares for each BTF share owned, holders of DNY shares received 2.439214 BIF Shares for each DNY share owned; and holders of FOFI shares received 1.111719 BIF Shares for each FOFI share owned. Fractional shares were paid in cash.
F3: In connection with the Reorganization, Mr. Looney received 14,956 BIF Shares (and cash for fractional shares, if any) for his 4,792 shares of BTF.
F4: In connection with the Reorganization, Mr. Looney received 4,192 BIF Shares (and cash for fractional shares, if any) for his 1,719 shares of DNY.
F5: In connection with the Reorganization, Mr. Looney received 24,715 BIF Shares (and cash for fractional shares, if any) for his 22,232 shares of FOFI.