BOULDER, Colo.--(BUSINESS WIRE)--Boulder Growth & Income Fund, Inc. (NYSE: BIF) announced that its board of directors (the “Board”) has declared a dividend of $0.033 per common share for each of the months of February, March and April 2016, respectively. For the month of February, the dividend will be payable in cash on February 29, 2016 to holders of record on February 22, 2016, and the Fund will trade ex-dividend on February 18, 2016. For the month of March, the dividend will be payable in cash on March 31, 2016 to holders of record on March 23, 2016, and the Fund will trade ex-dividend on March 21, 2016. For the month of April, the dividend will be payable on April 29, 2016 to holders of record on April 22, 2016 and the Fund will trade ex-dividend on April 20, 2016. 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 these distributions may be reportable as taxable income on your 2016 federal income tax return. The final tax character of any distribution declared in 2016 will be determined in January 2017 and reported to you on IRS Form 1099-DIV.
As previously announced, the Board instituted a monthly managed distribution program in accordance with its Section 19(b) exemptive order in November 2015. In adopting the program, the Fund seeks to provide a regular monthly distribution to its common stockholders which is not dependent on the amount of income earned or capital gains realized by the Fund.
For more information on the Fund, please visit us on the web at www.boulderfunds.net.