BOULDER, Colo.--(BUSINESS WIRE)--Boulder Growth & Income Fund, Inc. (NYSE: BIF) announced that earlier today its board of directors declared a dividend of $0.04477 per common share payable in cash on July 11, 2014 to holders of record on July 1, 2014. In accordance with generally accepted accounting principles (“GAAP”), the dividend will consist of $0.00200 per share of ordinary income, $0.01575 per share of short-term capital gain and $0.02702 per share of long-term capital gain. The timing and character of distributions for federal income tax purposes are determined in accordance with income tax regulations which may differ from GAAP. As such, all or a portion of this distribution may be reportable as taxable income on your 2014 federal income tax return. The final tax character of any distribution declared in 2014 will be determined in January 2015 and reported to you on IRS Form 1099-DIV.
For more information on the Fund, please visit us on the web at www.boulderfunds.net.