FIRST OPPORTUNITY FUND INC 4/A
4/A · FIRST OPPORTUNITY FUND INC · Filed May 7, 2015
Insider Transaction Report
Form 4/AAmended
MURPHEY NICOLE L
Treasurer, V.P & CFO
Transactions
- Disposition to Issuer
Common Stock
2015-03-20−425→ 0 total
Footnotes (3)
- [F1]On March 20, 2015, Boulder Total Return Fund, Inc. ("BTF"), The Denali Fund Inc. ("DNY") and First Opportunity Fund, Inc. ("FOFI") reorganized into Boulder Growth & Income Fund, Inc. ("BIF") (the "Reorganization") pursuant to that certain Agreement and Plan of Reorganization, dated as of March 5, 2015 (the "Agreement"). Pursuant to the Agreement, BIF acquired all of the assets and liabilities of BTF, DNY and FOFI in exchange for common shares of BIF (the "BIF Shares").
- [F2]The Reorganization occurred based on the relative net asset values ("NAV") of BIF, BTF, DNY and FOFI as of the close of regular trading on the New York Stock Exchange on March 20, 2015. At such time, BIF reported net assets of $273,608,352.67 and a NAV per share of $10.73 and FOFI reported net assets of $342,875,845.30 and a NAV per share of $11.93. Holders of FOFI shares received 1.111719 BIF Shares for each FOFI share owned. Fractional shares were paid in cash.
- [F3]In connection with the Reorganization, Nicole L. Murphey received 472 BIF Shares (and cash for fractional shares, if any) for her 425 shares of FOFI.