Boulder Growth & Income Fund, Inc. Declares Quarterly Distribution

DENVER, May 20, 2020 /PRNewswire/ -- Boulder Growth & Income Fund, Inc. (NYSE: BIF) (the "Fund") announced the declaration of the Fund's quarterly distribution of $0.102 per share to occur in July 2020.  This distribution is being paid as part of BIF's managed distribution program under which BIF will make per share distributions of $0.102 per quarter, or approximately $0.408 per year.  As of market close on May 15, 2020, the distribution amounts to approximately 4.60% of market price and 3.78% of net asset value ("NAV") on an annualized basis. 

Due to the current discount of the Fund's market price to its per share NAV, and the fact that distributions are made in cash (i.e., at NAV), if Fund shares continue to trade at a discount at the time of this distribution, then it will be accretive to BIF's market-price-based return.  The July 2020 quarterly distribution will be payable in cash to stockholders of record per the following critical dates:

As previously announced, the Board of Directors instituted a managed distribution program in accordance with its Section 19(b) exemptive order in November 2015.  In adopting the program, the Fund seeks to provide a regular quarterly distribution to its common stockholders which is not dependent on the amount of income earned or capital gains realized by the Fund.   

Investors should not make any conclusions about the Fund's investment performance from the amount of the Fund's distributions or the Fund's distribution policy. With each distribution that does not consist solely of net investment income, the Fund will issue a notice to shareholders and an accompanying press release that will provide detailed information regarding the amount and composition of the distribution and other related information. The amounts and sources of distributions reported in the notice to shareholders are only estimates and are not being provided for tax reporting purposes. The actual amounts and sources of the amounts for tax reporting purposes will depend upon the Fund's investment experience during its full fiscal year and may be subject to changes based on tax regulations. The Fund will send shareholders a Form 1099-DIV for the calendar year that will tell them how to report these distributions for federal income tax purposes.

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The Fund

Boulder Growth & Income Fund, Inc. is a non-diversified closed-end investment company traded on the New York Stock Exchange under the trading symbol "BIF". As of May 15, 2020, the Fund's NAV was $10.79 per share and the closing market price was $8.87 (a 17.79% discount to NAV). For more information on the Fund, please visit the Fund's webpage at www.bouldercef.com.

The Fund is a closed-end fund and does not continuously issue stock for sale as open-end mutual funds do. The Fund now trades in the secondary market. Investors wishing to buy or sell stock need to place orders through an intermediary or broker. The share price of a closed-end fund is based on the market value.

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About SS&C | ALPS Advisors

ALPS Advisors, Inc., a wholly-owned subsidiary of SS&C Technologies, Inc., is a leading provider of investment products for advisors and institutions. With over $15 billion in assets under management (as of 3/31/2020), the firm provides access to asset classes and boutique asset managers in real assets, alternatives, thematic/factor and fixed income through both ETF and open-end mutual fund structures. For more information, visit www.alpsfunds.com.

About SS&C Technologies

SS&C is a global provider of services and software for the financial services and healthcare industries. Founded in 1986, SS&C is headquartered in Windsor, Connecticut, and has offices around the world. Some 18,000 financial services and healthcare organizations, from the world's largest companies to small and mid-market firms, rely on SS&C for expertise, scale and technology.

Rocky Mountain Advisers, LLC

RMA is an investment adviser registered with the SEC based out of Kansas.  More information about RMA is available at www.bouldercef.com as well as the SEC's investment adviser search website at www.adviserinfo.sec.gov.

ALPS Portfolio Solutions Distributor, Inc., FINRA Member.                                                                                                           

NOT FDIC INSURED | May Lose Value | No Bank Guarantee

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SOURCE SS&C/Boulder Growth & Income Fund, Inc.