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MarketScreener Homepage  >  Equities  >  Nyse  >  Boulder Growth and Income Fund Inc    BIF

BOULDER GROWTH AND INCOME FUND INC (BIF)
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Boulder Growth & Income Fund, Inc. : Declares Monthly Dividends

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02/09/2018 | 10:16pm CEST

Boulder Growth & Income Fund, Inc. (NYSE:BIF) announced today that its Board of Directors declared a dividend of $0.034 per common share for each of the months of February, March and April 2018. These dividends are being paid as part of BIF’s monthly managed distribution program under which BIF will make per share distributions of $0.034 per month, or approximately $0.408 per year. As of market close on February 8, 2018, the distribution amounts to approximately 3.8% of market price and 3.3% of net asset value (“NAV”) on an annualized basis.

Due to the current discount of BIF’s market price to its per share NAV, and the fact that distributions are made in cash (i.e., at NAV), the next distribution will be accretive to BIF’s market-price-based return. If shares in BIF continue to trade at a discount at the time of future distributions, then these distributions will also be accretive to BIF’s market-price-based return.

For the months of February, March and April the dividend will be payable in cash to stockholders of record per the following critical dates:

                   
Pay Date     Record Date     Ex-Dividend Date     Amount Per Share
February 28, 2018     February 21, 2018     February 20, 2018     $0.034
March 29, 2018     March 22, 2018     March 21, 2018     $0.034
April 30, 2018     April 23, 2018     April 20, 2018     $0.034
           

The timing and character of distributions for federal income tax purposes are determined in accordance with income tax regulations which may differ from GAAP. As such, all or a portion of these distributions may be reportable as taxable income on your 2018 federal income tax returns. The final tax character of any distribution declared in 2018 will be determined in January 2019 and reported to you on IRS Form 1099-DIV.

As previously announced, the Board instituted a monthly 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 monthly distribution to its common stockholders which is not dependent on the amount of income earned or capital gains realized by the Fund.

For more information on the Fund, please visit us on the web at www.boulderfunds.net.


© Business Wire 2018
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Managers
NameTitle
Stephen Carl Miller President & Director
Joel Walter Looney Chairman
Nicole L. Murphey CFO, Treasurer, CAO, VP & Assistant Secretary
Dean L. Jacobson Independent Director
Richard I. Barr Lead Independent Director