DENVER,
March 25, 2022
/PRNewswire/ -- Boulder Growth & Income Fund, Inc. (NYSE: BIF)
today announced that its Board of Directors (the "Board") has
approved a change to the name and ticker that will become effective
on April 4, 2022. On that date
the Fund's name will change to SRH Total Return Fund, Inc. and the
Fund will trade on the New York Stock Exchange under a new ticker
symbol "STEW". A summary of the name and ticker changes, as
well as important details are as follows:
Prior Fund
Name
|
New Fund
Name
|
Prior
Ticker
|
New
Ticker
|
New
Website
|
Boulder Growth &
Income Fund, Inc.
|
SRH Total Return Fund,
Inc.
|
BIF
|
STEW
|
srhtotalreturnfund.com
|
The Board approved the change due to the belief that the new
name better describes the Fund's investment objective of providing
total return to investors. The Board also agreed the change was
appropriate to remove the geographic reference in the name, as such
association that was no longer applicable to either Paralel
Advisors LLC and Rocky Mountain Advisors, LLC, the Fund's
respective investment adviser and investment sub-adviser.
There are no changes to the Fund's investment objectives or
investment strategy. The Fund's CUSIP number (101507101) also
remains unchanged.
In addition, the Fund announced that, effective beginning
April 1, 2022, Stewart Horejsi will retire from his role as a
primary portfolio manager of the Fund. Mr. Horejsi served as
the Fund's portfolio manager since January
2002. Joel Looney and
Jacob Hemmer will continue in their
current portfolio manager roles, collectively responsible for the
day–to–day management of the Fund's assets.
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". Beginning April 4, 2022, the Fund's name will change to SRH
Total Return Fund, Inc. and will trade under a new trading symbol
"STEW". As of March 22, 2022, the
Fund's NAV was $17.29 per share and
the closing market price was $14.81
(a -14.34% discount to NAV). For more information on the Fund,
please visit the Fund's webpage at www.bouldercef.com, which will
change to www.srhtotalreturnfund.com beginning on April 4, 2022.
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 adviser to the
Fund. Together with its parent company, Paralel Technologies
LLC, Paralel represents the next generation of financial services
in the investment management industry. As a fintech fund
services company that combines proprietary technology and a culture
of service, Paralel is changing the value proposition of fund
servicing.
Rocky Mountain Advisers, LLC
Rocky Mountain Advisers, LLC (RMA) is an investment adviser
registered with the SEC based out of Kansas. More information
about RMA is available on its website at investrma.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
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SOURCE Boulder Growth & Income Fund, Inc.