DENVER, Feb. 10, 2022 /PRNewswire/ -- Boulder Growth
& Income Fund, Inc. (NYSE:BIF) (the "Fund") announced the
declaration of the Fund's quarterly distribution of $0.12 per share to occur in April 2022.
This distribution is being paid as part of the Fund's managed
distribution program under which the Fund will make per share
distributions of $0.12 per quarter,
or $0.48 per year. As of market
close on February 9, 2022, the
distribution amounts to approximately 3.32% of market price and
2.82% 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 the
Fund's market-price-based return. The April 2022 quarterly distribution will be payable
in cash to stockholders of record per the following critical
dates:
|
Pay
Date
|
Record
Date
|
Ex-Dividend
Date
|
Amount Per
Share
|
|
April 29,
2022
|
April 22,
2022
|
April 21,
2022
|
$0.12
|
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.
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 February 9, 2022, the Fund's NAV was $17.03 per share and the closing market price was
$14.47 (a 15.03% 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.
Paralel Advisors LLC
Paralel Advisors LLC serves as the investment advisor to the
Boulder Growth and Income Fund. Together with our parent
company, Paralel Technologies LLC, we develop technology-based
solutions to better serve investors.
Rocky Mountain Advisers, LLC
RMA is an investment adviser registered with the SEC based out
of Kansas. More information about RMA is available
atwww.bouldercef.com as well as the SEC's investment adviser search
website at www.adviserinfo.sec.gov.
NOT FDIC INSURED | May Lose Value | No Bank Guarantee
View original
content:https://www.prnewswire.com/news-releases/boulder-growth--income-fund-inc-declares-quarterly-distribution-301480175.html
SOURCE Boulder Growth & Income Fund, Inc.