Boulder Growth & Income Fund, Inc. Declares Quarterly Distribution

DENVER–(BUSINESS WIRE)–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 April 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.
As of market close on February 11, 2019, the distribution amounts to
approximately 3.85% of market price and 3.22% 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 April 2019 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 30, 2019       April 23, 2019       April 22, 2019       $0.102

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 11, 2019, the Fund’s NAV was $12.67
per share and the closing market price was $10.59 (a 16.42% discount to
NAV). For more information on the Fund, please visit the Fund’s webpage

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.


SS&C Technologies

SS&C is a global provider of investment and financial software-enabled
services and software for the global financial services and healthcare
industries. Founded in 1986, SS&C is headquartered in Windsor,
Connecticut and has offices around the world. Some 13,000 financial
services and healthcare organizations, from the world’s largest
institutions to local firms, manage and account for their investments
using SS&C’s products and services.

ALPS Advisors, Inc.

ALPS, which was acquired by SS&C in April 2018, provides customized
asset servicing and asset gathering solutions to the financial services
community through an entrepreneurial culture based on the commitment to
“Do Things Right.” Founded in 1985, ALPS continues to actively promote
all of its various business segments, from asset servicing through ALPS
Fund Services, Inc. to asset gathering through ALPS Portfolio Solutions
Distributor, Inc. Headquartered in Denver, with offices in Boston, New
York, Seattle, and Toronto, ALPS, a wholly-owned subsidiary of DST
Systems, Inc., today represents more than 400 employees, over 200
clients, and an executive team that has been in place for more than 18
years. For more information about ALPS and its services, visit
Information about ALPS products is available at

Rocky Mountain Advisers, LLC

RMA is an investment adviser registered with the SEC based out of
Kansas. More information about RMA is available at
as well as the SEC’s investment adviser search website at

ALPS Distributors, Inc. and ALPS Portfolio Solutions Distributor,
Inc. are affiliated.

ALPS Portfolio Solutions Distributor, Inc., FINRA Member.

NOT FDIC INSURED | May Lose Value | No Bank Guarantee


ALPS Advisors
Dennis Emanuel*
Director of ETF and CEF Strategy

Representative of ALPS Distributors, Inc.

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