Funds
The Boulder Funds consist of four separate closed–end funds that each have a total return investment objective. These Funds are the Boulder Growth & Income Fund, Inc. (BIF), the Boulder Total Return Fund, Inc. (BTF), The Denali Fund Inc. (DNY) and the First Opportunity Fund, Inc. (FOFI). The Boulder Growth & Income Fund, Inc., the Boulder Total Return Fund, Inc. and The Denali Fund Inc. are publically traded on the NYSE. The First Opportunity Fund, Inc. is publically traded in the over-the-counter market.
Advisers
The Boulder Funds are managed by a combination of three registered investment advisers. The three advisers are Boulder Investment Advisers, LLC (BIA), Rocky Mountain Advisers, LLC (RMA) and Stewart Investment Advisers (SIA). Brendon Fischer, CFA and Stewart Horejsi each hold various positions with the Advisers, and both serve as the portfolio managers for each of the four Funds.
Investment Philosophy
The investment philosophy of the Advisers is simple: Invest in good businesses at attractive valuations for the long-run. To implement this philosophy, the Advisers utilize a disciplined, bottom-up, value driven investment process.
Recent News

December 13, 2013 - Boulder Growth & Income Fund, Inc. Declares Dividend
 
December 13, 2013 - Boulder Total Return Fund, Inc. Declares Dividend
 
December 13, 2013 - The Denali Fund Inc. Declares Dividend
 
December 13, 2013 - First Opportunity Fund, Inc.™ Declares Dividend