Boulder Growth & Income Fund, Inc. (the "Fund") is a non-diversified closed-end fund with a total return investment objective. To achieve its objective, the Fund utilizes a bottom-up, value-driven investment process to identify securities of good quality businesses trading below estimated intrinsic value. The intent of this process is to identify investment opportunities that will provide attractive returns over a long holding period. By doing this, the Fund seeks to keep portfolio turnover low, which the Advisers believe helps to minimize associated trading costs. The Fund maintains a high level of investment flexibility and has the ability to invest in equity and fixed income securities of domestic and international companies without limitation to a company's market capitalization.
The Fund is managed by Rocky Mountain Advisers, LLC and Stewart Investment Advisers, which together utilize the services of Brendon Fischer, CFA, Joel Looney, CFP and Stewart Horejsi. Mr. Fischer, Mr. Looney and Mr. Horejsi serve as the Fund's portfolio managers and, with assistance from other advisory personnel, are jointly responsible for the day-to-day management of the Fund's assets.
Shares in the Boulder Growth & Income Fund are publicly traded on the NYSE under the ticker symbol "BIF".
Boulder Growth & Income Fund Data
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Note to Stockholders on Concentration of Investments:
The Fund's investment advisers feel it is important that stockholders be aware that the Fund is highly concentrated in a small number of positions. Concentrating investments in a fewer number of securities may involve a degree of risk that is greater than a fund which has less concentrated investments spread out over a greater number of securities. In particular, the Fund is highly concentrated in Berkshire Hathaway Inc., which, in addition to other business risks, is dependent on Warren Buffett for major investment decisions and all major capital allocation decisions. If Mr. Buffett were no longer able to fulfill his responsibilities to Berkshire Hathaway Inc., the effect on the value of the Fund's position in Berkshire Hathaway Inc. could be materially negative.