BOULDER TOTAL RETURN FUND INC 4/A
4/A · BOULDER TOTAL RETURN FUND INC · Filed May 7, 2015
Insider Transaction Report
Form 4/AAmended
JACOBSON DEAN
Director
Transactions
- Disposition to Issuer
Common Stock
2015-03-20−2,000→ 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 BTF reported net assets of $413,286,769.95 and a NAV per share of $33.50. Holders of BTF shares received 3.121182 BIF Shares for each BTF 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 for his 2,000 shares of BTF.