SRH Total Return Fund, Inc. — Director's Dealing 2020

Jun 16, 2020

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: BOULDER GROWTH & INCOME FUND (BIF)
CIK: 0000102426
Period of Report: 2020-06-12

Reporting Person: LOLA BROWN TRUST 1B (10% Owner)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2020-06-12	COMMON STOCK	S	906998	$9.5657	Disposed	10146367	Direct

Footnotes

F1: On June 12, 2020, the Reporting Person (also referred to here in as the "Trust") transferred the following shares (the "Shares") of Boulder Growth & Income Fund, Inc. (the "Company") to the following seven affiliated trusts: 11,156.00 Shares to the Stewart West Indies Trust ("SWIT"); 29,714.00 Shares to the Susan L. Ciciora Trust ("SLCT"); 20,749.00 Shares to the John S. Horejsi Trust ("JSHT"); 175,122.00 Shares to the John X. Ciciora Trust ("JXCT"); 223,419.00 Shares to the Jack S. Ciciora Trust ("JSCT"); 223,419.00 Shares to the Amanda N. Ciciora Trust ("ANCT"); and 223,419.00 Shares to the Courtney M. Ciciora Trust ("CMCT")(together, the "Recipient Trusts").

F2: The Reporting Person distributed the Shares to the Recipient Trusts in accordance with its governing trust instrument and at the request of its current beneficiaries, Stewart R. Horejsi, Susan L. Ciciora, John S. Horejsi, John X. Ciciora, Jack S. Ciciora, Amanda N.l Ciciora and Courtney M. Ciciora ("the "Beneficiaires"). Under the terms of the Trust, each Beneficiary is a discretionary beneficiary. The Beneficiaries requested that the trustee of the Trust, Peak Trust Company-AK, distribute the Shares in the amounts described herein, and each Beneficiary directed said trustee to transfer the Shares to the Recipient Trust on the Beneficiaries' behalf and for their benefit.

F3: As noted, the trustee of the Trust is Peak Trust Company-AK, which may be deemed to control the Trust. As a result of his being a discretionary beneficiary of the Trust and his advisory role with the Trust, Stewart R. Horejsi may be deemed to have indirect beneficial ownership of the Shares directly beneficially owned by the Trust. However, Mr. Horejsi disclaims such beneficial ownership of the shares directly beneficially held by the Trust.

F4: The Trust, the Recipient Trusts, and trusts, persons and entities affiliated with the Trust, including Ernest Horejsi Trust No. 1B, Mildred B. Horejsi Trust, Stewart R. Horejsi Trust No. 2 and Susan L. Ciciora own an aggregate of 45,384,254 shares of the Company.