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

Feb 24, 2020

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: BOULDER GROWTH & INCOME FUND (BIF)
CIK: 0000102426
Period of Report: 2020-02-20

Reporting Person: SUSAN L CICIORA TRUST (10% Owner)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2020-02-20	COMMON STOCK	P	791887	$11.66	Acquired	7629606	Direct

Footnotes

F1: On February 20,2020, the Reporting Person (also referred to as the "SLCT") received a distribution of 791,887 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 Susan L. Ciciora, the SLCT's grantor. The 2019 Trust allows Ms. Ciciora to appoint Shares allocated to her under such trust in her discretion and she elected to appoint such Shares to the SLCT.

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

F3: The SLCT and trusts, persons and entities affiliated with the SLCT, 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, John S. Horejsi Trust and Susan L. Ciciora own an aggregate of 45,384,254 shares of the Company.