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

Mar 24, 2015

SEC Form 4 — Statement of Changes in Beneficial Ownership

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

Reporting Person: JACOBSON DEAN (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2015-03-20	Common Stock	P	6242	—	Acquired	8909	Direct
2015-03-20	Common Stock	P	4878	—	Acquired	13787	Direct
2015-03-20	Common Stock	P	1404	—	Acquired	15191	Direct

Footnotes

F1: Received in exchange for 2,000 shares of Boulder Total Return Fund, Inc. (BTF) common stock, 2,000 shares of The Denali Fund Inc. (DNY) common stock and 1,263 shares of First Opportunity Fund, Inc. (FOFI) common stock pursuant to an Agreement and Plan of Reorganization between the Issuer the foregoing funds (the "Merger").

F2: On March 20, 2015, the effective date of the Merger, Shares of BTF were exchanged for shares of Issuer at a conversion rate of 3.121182 Shares of Issuer's common stock (net asset value $10.73 per share) for each share of BTF's common stock (net asset value $33.50 per share).

F3: On March 20, 2015, the effective date of the Merger, Shares of DNY were exchanged for shares of Issuer at a conversion rate of 2.439214 Shares of Issuer's common stock (net asset value $10.73 per share) for each share of DNY's common stock (net asset value $26.18 per share).

F4: On March 20, 2015, the effective date of the Merger, Shares of FOFI were exchanged for shares of Issuer at a conversion rate of 1.111719 Shares of Issuer's common stock (net asset value $10.73 per share) for each share of FOFI's common stock (net asset value $11.93 per share).