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Boulder Growth & Income Fund (BIF) will distribute $0.102 per share on January 29, 2021, to stockholders of record as of January 22, 2021. This is part of a managed distribution policy approved by the Board, allowing the Fund to utilize capital gains for quarterly cash distributions. The current distribution consists of 2.04% from net investment income and 97.96% from net realized long-term capital gains. The Fund emphasizes that distribution amounts are estimates and may change. The annualized distribution rate is 3.00% based on Net Asset Value (NAV).
Boulder Growth & Income Fund (NYSE: BIF) announced the issuance of $225 million in senior unsecured notes on November 5, 2020. The notes, which are offered in three series with maturities of 10, 12, and 15 years, received an 'A' rating from Fitch Ratings. Interest rates are set at 2.62%, 2.72%, and 2.87%, payable semi-annually starting May 5, 2021. Proceeds will be utilized for new portfolio investments and corporate purposes. This move is intended to leverage favorable interest rates and market opportunities for the benefit of shareholders.
Boulder Growth & Income Fund (NYSE: BIF) announced a cash distribution of $0.102 per share for stockholders of record as of October 23, 2020. This distribution arises from a managed distribution policy allowing the Fund to utilize capital gains as part of its regular payments to investors. The current distribution includes 13.40% from net investment income and 86.60% from net realized long-term capital gains. The Fund has also provided estimates for year-to-date distributions, indicating that a portion may represent a return of capital.
Boulder Growth & Income Fund (NYSE: BIF) announced a cash distribution of $0.102 per share to stockholders of record as of July 23, 2020. This distribution aligns with their managed distribution policy, allowing the Fund to use capital gains for regular payouts. The distribution comprises 26.91% net investment income and 73.09% net realized long-term capital gains. The Fund's cumulative total return is -14.50%, indicating potential investor concerns. Shareholders are advised that a portion of the distribution may be a return of capital.
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