|Bid||11.22 x 1000|
|Ask||11.23 x 800|
|Day's Range||11.21 - 11.29|
|52 Week Range||9.45 - 11.36|
|Beta (3Y Monthly)||-0.33|
|PE Ratio (TTM)||12.54|
|Forward Dividend & Yield||0.41 (3.62%)|
|1y Target Est||N/A|
Boulder Growth & Income Fund, Inc. (BIF) (the “Fund”) announced the declaration of the Fund’s quarterly distribution of $0.102 per share to occur in July 2019. 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. 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.
Boulder Growth & Income Fund, Inc. (BIF) (the “Fund”) announced today that its Board of Directors (“Board”) has approved adjusting the frequency of distributions made under the Fund’s managed distribution program from monthly to quarterly, while maintaining the Fund’s current annualized distribution rate of approximately $0.408 per share. Accordingly, the Fund also announced the declaration of the Fund’s initial quarterly distribution for the 2019 fiscal year of $0.102 per share to occur in January 2019 under the revised managed distribution program, as discussed further below. Beginning in November 2015, the Board instituted a managed distribution program in accordance with its Section 19(b) exemptive order, seeking to provide shareholders with a regular distribution not dependent on the amount of income earned or capital gains realized by the Fund.
Boulder Growth & Income Fund, Inc. announced today that its Board of Directors declared a dividend of $0.034 per common share for each of the months of August, September and October 2018.
The Fund, acting in accordance with an exemptive order received from the Securities and Exchange Commission and with approval of its Board of Directors, adopted a managed distribution policy under which the Fund may utilize capital gains, where applicable, as part of regular monthly cash distributions to its stockholders. This policy gives the Fund greater flexibility to realize capital gains and to distribute those gains to stockholders. The following table sets forth the estimated amounts of the current distribution and the cumulative distributions paid this fiscal year-to-date from the sources indicated in the table.
Boulder Growth and Income Fund, Inc. (BIF) (the “Fund”) announced the results of a special stockholder meeting (the “Meeting”) that occurred on July 17, 2018, at which stockholders voted to approve a new investment advisory agreement between the Fund and ALPS Advisors, Inc. (“ALPS”), and a new investment sub-advisory agreement between ALPS and Rocky Mountain Advisers, LLC (“RMA”), with respect to the Fund. Each of the agreements became effective following the Meeting.