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Boulder Growth & Income Fund, Inc.
Boulder Growth & Income Fund Announces Shareholder Proposals
November 29th, 2008
The Boulder Growth & Income Fund, Inc. (NYSE: BIF) announced that it recently received two unsolicited shareholder proposals. The proposals seek to elect alternative directors to the Fund's Board of Directors, terminate the Fund's investment co-advisory contracts and continue an "aggressive" level-rate distribution policy. Although the proposals were provided by two separate shareholders, Ralph W. Bradshaw and Ronald G. Olin, the Fund understands that these shareholders previously have submitted similar proposals to other closed-end funds in concert with an affiliated institutional manager, Doliver Capital Adviser, L.P. ("Doliver"). Doliver's most recent filing with the...
Source: Law & Health Weekly (2008-11-29)
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