interesting: BIF
Boulder Growth & Income Fund Inc. (BIF), is the highest yielding monthly growth and income fund, and yields 15.7%. This CEF invests in common stocks in both the U.S. and outside the U.S., warrants, corporate bonds, treasury bills, and repurchase agreements. It was founded in 1972, and is co-managed by Boulder Investment Advisers, and Stewart Investment Advisers.
WHY IT IS INTERESTING TO ME:
April 03, 2008 5:32 PM ET
The Boulder Growth & Income Fund, Inc. (NYSE: BIF) is reminding stockholders that a record date for stockholders entitled to participate in the Fund's 1-for-3 non-transferable rights offering has not been set.
To date, only a preliminary registration statement has been filed with the Securities and Exchange Commission ("SEC"). The rights offering will not take place until the SEC declares the registration statement effective, which presently the SEC has not done. Although a record date was listed in the Fund's preliminary registration statement, the date was only preliminary and no record date has been established.
Once the Fund has established a record date for the rights offering it will follow the necessary channels to properly declare the record date; including notification to the New York Stock Exchange and issuance of a press release.
On February 20, 2008, the Fund announced that its Board of Directors had approved a 1-for-3 non-transferable rights offering for the Fund. The rights offering will permit record date stockholders to acquire one new share of the Fund for every three rights held at a subscription price equal to the net asset value (NAV) per share of common stock at the close of trading on the expiration date of the offering. The record date for the offering has not been set.
SOURCE: Boulder Growth & Income Fund, Inc.
Boulder Investment Advisers, LLC
Nicole Murphey, 303-449-0426
