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: LOONEY JOEL W (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2015-03-20	Common Stock	P	14956	—	Acquired	29369	Direct
2015-03-20	Common Stock	P	4193	—	Acquired	33562	Direct
2015-03-20	Common Stock	P	24715	—	Acquired	58277	Direct

Footnotes

F1: Received in exchange for 4,792 shares of Boulder Total Return Fund, Inc. (BTF) common stock, 1,719 shares of The Denali Fund Inc. (DNY) common stock and 22,232 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).