BOULDER GROWTH & INCOME FUND 4/A
4/A · BOULDER GROWTH & INCOME FUND · Filed May 5, 2015
Insider Transaction Report
Form 4/AAmended
JACOBSON DEAN
Director
Transactions
- Award
Common Stock
2015-03-20+6,242→ 8,909 total - Award
Common Stock
2015-03-20+1,404→ 15,191 total - Award
Common Stock
2015-03-20+4,878→ 13,787 total
Footnotes (5)
- [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; BTF reported net assets of $413,286,769.95 and a NAV per share of $33.50; DNY reported net assets of $108,819,429.37 and a NAV per share of $26.18; and FOFI reported net assets of $342,875,845.30 and a NAV per share of $11.93. Holders of BTF shares received 3.121182 BIF Shares for each BTF share owned, holders of DNY shares received 2.439214 BIF Shares for each DNY share owned, and 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, Mr. Jacobson received 6,242 BIF Shares (and cash for fractional shares, if any) for his 2,000 Shares of BTF.
- [F4]In connection with the Reorganization, Mr. Jacobson received 4,878 BIF Shares (and cash for fractional shares, if any) for his 2,000 Shares of DNY.
- [F5]In connection with the Reorganization, Mr. Jacobson received 1,404 BIF Shares (and cash for fractional shares, if any) for his 1,263.12 Shares of FOFI.