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

May 12, 2020

SEC Form 3 — Initial Statement of Beneficial Ownership

Issuer: BOULDER GROWTH & INCOME FUND (BIF)
CIK: 0000102426
Period of Report: 2020-05-05

Reporting Person: JACK S. CICIORA TRUST (10% Owner)

Holdings (Non-Derivative)

Security	Shares	Ownership
COMMON STOCK	926677	Direct

Footnotes

F1: On May 5, 2020, the Reporting Person (also referred to as the "JSCT") received a distribution of 926,677 shares (the "Shares") of Boulder Growth & Income Fund, Inc. (the "Company") from an affiliated trust, the LBT 2019 Trust (the "2019 Trust"). The Reporting Person received the Shares pursuant to a general power of appointment granted under the 2019 Trust to Jack S. Ciciora, the JSCT's grantor. The 2019 Trust allows Mr. Ciciora to appoint Shares allocated to him under such trust in his discretion and he elected to appoint such Shares to the JSCT.

F2: The trustee of the JSCT is Peak Trust Company-AK, which may be deemed to control the JSCT. As a result of his advisory role with the JSCT, Stewart R. Horejsi may be deemed to have indirect beneficial ownership of the Shares directly beneficially owned by the JSCT. However, Mr. Horejsi disclaims such beneficial ownership of the Shares directly beneficially held by the JSCT.

F3: The JSCT and trusts, persons and entities affiliated with the JSCT, including the 2019 Trust, Lola Brown Trust No. 1B, Ernest Horejsi Trust No. 1B, Mildred B. Horejsi Trust, Stewart R. Horejsi Trust No. 2, Stewart West Indies Trust, Susan L. Ciciora Trust, John S. Horejsi Trust, John X. Ciciora Trust, Amanda N. Ciciora Trust, Courtney M. Ciciora Trust and Susan L. Ciciora own an aggregate of 45,384,254 shares of the Company.