STEW

SEC source: 0001247999-20-000004 · primary_doc.xml · nonDerivative · entry 2

SUSAN L CICIORA TRUST · CIK 0001247999 · 10% owner

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 23,349,382

F1 · shares: On October 30, 2020, the Reporting Person purchased shares (the "Shares") of Issuer from two affiliated trusts, Mildred Horejsi Trust ("MHT") and Lola Brown Trust No. 1B ("LBT"). The Reporting Person (also referred to herein as the "Trust") purchased 5,543,695 Shares from MHT and 10,146,367 Shares from LBT, representing all the Shares then owned by MHT and LBT. The purchase price for the Shares was calculated based on the average of the opening and closing prices reported for such shares by the New York Stock Exchange on October 30, 2020, after applying a blockage discount because of the large size of the aggregate holdings of the Reporting Person and affiliated trusts.

F2 · ownership.direct: The trustee of the Trust is Peak Trust Company-AK, which may be deemed to control the Trust. Although Stewart R. Horejsi is neither a trustee nor beneficiary under the Trust, because of his advisory role with the Trust, he may be deemed to have indirect beneficial ownership of the shares directly beneficially owned by the Trust. However, Mr. Horejsi disclaims such beneficial ownership of the shares directly beneficially held by the Trust.

F3 · ownership.direct: The Trust and trusts, persons and entities affiliated with the Trust, including Stewart West Indies Trust, John S. Horejsi Trust, John X. Ciciora Trust, Jack S. Ciciora Trust, Amanda N. Ciciora Trust, Courtney M. Ciciora Trust and Susan L. Ciciora own an aggregate of 45,384,254 shares of the Issuer.

SEC source: 0001247999-20-000004 · primary_doc.xml · nonDerivative · entry 1

SUSAN L CICIORA TRUST · CIK 0001247999 · 10% owner

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 13,203,015

F1 · shares: On October 30, 2020, the Reporting Person purchased shares (the "Shares") of Issuer from two affiliated trusts, Mildred Horejsi Trust ("MHT") and Lola Brown Trust No. 1B ("LBT"). The Reporting Person (also referred to herein as the "Trust") purchased 5,543,695 Shares from MHT and 10,146,367 Shares from LBT, representing all the Shares then owned by MHT and LBT. The purchase price for the Shares was calculated based on the average of the opening and closing prices reported for such shares by the New York Stock Exchange on October 30, 2020, after applying a blockage discount because of the large size of the aggregate holdings of the Reporting Person and affiliated trusts.

F2 · ownership.direct: The trustee of the Trust is Peak Trust Company-AK, which may be deemed to control the Trust. Although Stewart R. Horejsi is neither a trustee nor beneficiary under the Trust, because of his advisory role with the Trust, he may be deemed to have indirect beneficial ownership of the shares directly beneficially owned by the Trust. However, Mr. Horejsi disclaims such beneficial ownership of the shares directly beneficially held by the Trust.

F3 · ownership.direct: The Trust and trusts, persons and entities affiliated with the Trust, including Stewart West Indies Trust, John S. Horejsi Trust, John X. Ciciora Trust, Jack S. Ciciora Trust, Amanda N. Ciciora Trust, Courtney M. Ciciora Trust and Susan L. Ciciora own an aggregate of 45,384,254 shares of the Issuer.

SEC source: 0001638181-20-000002 · primary_doc.xml · nonDerivative · entry 1

STEWART R. HOREJSI TRUST NO. 2 · CIK 0001638181 · 10% owner

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 0

F1 · shares: On October 30, 2020, the Reporting Person sold shares (the "Shares") of Issuer to an affiliated trust, Stewart West Indies Trust ("SWIT"). SWIT purchased 2,411,987 Shares representing all the Shares then owned by the Reporting Person. The purchase price for the Shares was calculated based on the average of the opening and closing prices reported for such shares by the New York Stock Exchange on October 30, 2020, after applying a blockage discount because of the large size of the aggregate holdings of the Reporting Person and affiliated trusts.

SEC source: 0001247992-20-000003 · primary_doc.xml · nonDerivative · entry 1

LOLA BROWN TRUST 1B · CIK 0001247992 · 10% owner

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 0

F1 · shares: On October 30, 2020, the Reporting Person sold shares (the "Shares") of Issuer to an affiliated trust, Susan L. Ciciora Trust ("SLCT"). SLCT purchased 10,146,367 Shares representing all the Shares then owned by the Reporting Person. The purchase price for the Shares was calculated based on the average of the opening and closing prices reported for such shares by the New York Stock Exchange on October 30, 2020, after applying a blockage discount because of the large size of the aggregate holdings of the Reporting Person and affiliated trusts.

SEC source: 0001365133-20-000001 · primary_doc.xml · nonDerivative · entry 1

MILDRED B. HOREJSI TRUST · CIK 0001365133 · 10% owner

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 0

F1 · shares: On October 30, 2020, the Reporting Person sold shares (the "Shares") of Issuer to an affiliated trust, Susan L. Ciciora Trust ("SLCT"). SLCT purchased 5,543,695 Shares representing all the Shares then owned by the Reporting Person. The purchase price for the Shares was calculated based on the average of the opening and closing prices reported for such shares by the New York Stock Exchange on October 30, 2020, after applying a blockage discount because of the large size of the aggregate holdings of the Reporting Person and affiliated trusts.

SEC source: 0001245551-20-000002 · primary_doc.xml · nonDerivative · entry 3

MILLER STEPHEN C · CIK 0001245551 · Director · Chief Legal Officer

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 37,074.9327

SEC source: 0001245556-20-000001 · primary_doc.xml · nonDerivative · entry 6

LOONEY JOEL W · CIK 0001245556 · Director · President

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 67,162.0231

SEC source: 0001245556-20-000001 · primary_doc.xml · nonDerivative · entry 5

LOONEY JOEL W · CIK 0001245556 · Director · President

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 66,529.3561

SEC source: 0001811370-20-000004 · primary_doc.xml · nonDerivative · entry 1

COURTNEY M. CICIORA TRUST · CIK 0001811370 · 10% owner

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 1,150,096

F1 · date: This Form 4A amends the original Form 4 filed on 6/16/2020 as follows: (i) the "Transaction Date" (Item 2, Table I) is changed to 6/18/2020 to reflect the date the Shares were actually received by the Reporting Person and (ii) the "Price" is changed to $9.535 is changed to 6/18/2020 to reflect the date the Shares were actually received by the Reporting Person and

F2 · shares: On June 18, 2020, the Reporting Person (also referred to as the "CMCT") received a distribution of 223,419 shares (the "Shares") of Boulder Growth & Income Fund, Inc. (the "Company") from an affiliated trust, the Lola Brown Trust No. 1B (the "Trust"). The Trust distributed the Shares to the Reporting Person at the request of Courtney M. Ciciora, who is a discretionary beneficiary of the Trust and the grantor of the CMCT.

F3 · ownership.direct: The trustee of the CMCT is Peak Trust Company-AK, which may be deemed to control the CMCT. As a result of his advisory role with the CMCT, Stewart R. Horejsi may be deemed to have indirect beneficial ownership of the Shares directly beneficially owned by the CMCT. However, Mr. Horejsi disclaims such beneficial ownership of the Shares directly beneficially held by the CMCT.

F4 · ownership.direct: The CMCT and trusts, persons and entities affiliated with the CMCT, including the Trust, the LBT 2019 Trust, Ernest Horejsi Trust No. 1B, Mildred B. Horejsi Trust, Stewart R. Horejsi Trust No. 2, Stewart West Indies Trust, Susan L. Ciciora Trust, John S. Horejsi Trust, John X. Ciciora Trust, Jack S. Ciciora Trust, Amanda N. Ciciora Trust, and Susan L. Ciciora own an aggregate of 45,384,254 shares of the Company.

SEC source: 0001811365-20-000004 · primary_doc.xml · nonDerivative · entry 1

AMANDA N. CICIORA TRUST · CIK 0001811365 · 10% owner

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 1,150,096

F1 · date: This Form 4A amends the original Form 4 filed on 6/16/2020 as follows: (i) the "Transaction Date" (Item 2, Table I) is changed to 6/18/2020 to reflect the date the Shares were actually received by the Reporting Person and (ii) the "Price" (Item 4, Table I) is changed to $9.535 to reflect the valuation attributable to the Shares on such amended date. All other information remains unchanged.

F2 · shares: On June 18, 2020, the Reporting Person (also referred to as the "ANCT") received a distribution of 223,419 shares (the "Shares") of Boulder Growth & Income Fund, Inc. (the "Company") from an affiliated trust, the Lola Brown Trust No. 1B (the "Trust"). The Trust distributed the Shares to the Reporting Person at the request of Amanda N. Ciciora, who is a discretionary beneficiary of the Trust and the grantor of the ANCT.

F3 · ownership.direct: The trustee of the ANCT is Peak Trust Company-AK, which may be deemed to control the ANCT. As a result of his advisory role with the ANCT, Stewart R. Horejsi may be deemed to have indirect beneficial ownership of the Shares directly beneficially owned by the ANCT. However, Mr. Horejsi disclaims such beneficial ownership of the Shares directly beneficially held by the ANCT.

F4 · ownership.direct: The ANCT and trusts, persons and entities affiliated with the ANCT, including the Trust, the LBT 2019 Trust, Ernest Horejsi Trust No. 1B, Mildred B. Horejsi Trust, Stewart R. Horejsi Trust No. 2, Stewart West Indies Trust, Susan L. Ciciora Trust, John S. Horejsi Trust, John X. Ciciora Trust, Jack S. Ciciora Trust, Courtney M. Ciciora Trust and Susan L. Ciciora own an aggregate of 45,384,254 shares of the Company.

SEC source: 0001811347-20-000003 · primary_doc.xml · nonDerivative · entry 1

JOHN X. CICIORA TRUST · CIK 0001811347 · 10% owner

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 967,009

F1 · date: This Form 4A amends the original Form 4 filed on 6/16/2020 as follows: (i) the "Transaction Date" (Item 2, Table I) is changed to 6/18/2020 to reflect the date the Shares were actually received by the Reporting Person and (ii) is changed to $9.535 to reflect the valuation attributable to the Shares on such amended date. All other information remains unchanged.

F2 · shares: On June 18, 2020, the Reporting Person (also referred to as the "JXCT") received a distribution of 175,122 shares (the "Shares") of Boulder Growth & Income Fund, Inc. (the "Company") from an affiliated trust, the Lola Brown Trust No. 1B (the "Trust"). The Trust distributed the Shares to the Reporting Person at the request of John X. Ciciora, who is a discretionary beneficiary of the Trust and the grantor of the JXCT.

F3 · ownership.direct: The trustee of the JXCT is Peak Trust Company-AK, which may be deemed to control the JXCT. As a result of his advisory role with the JXCT, Stewart R. Horejsi may be deemed to have indirect beneficial ownership of the Shares directly beneficially owned by the JXCT. However, Mr. Horejsi disclaims such beneficial ownership of the Shares directly beneficially held by the JXCT.

F4 · ownership.direct: The JXCT and trusts, persons and entities affiliated with the JXCT, including the Trust, the LBT 2019 Trust, Ernest Horejsi Trust No. 1B, Mildred B. Horejsi Trust, Stewart R. Horejsi Trust No. 2, Stewart West Indies Trust, Susan L. Ciciora Trust, John S. Horejsi Trust, Jack S. Ciciora Trust, Amanda N. Ciciora Trust, Courtney M. Ciciora Trust and Susan L. Ciciora own an aggregate of 45,384,254 shares of the Company.

SEC source: 0001811348-20-000003 · primary_doc.xml · nonDerivative · entry 1

JACK S. CICIORA TRUST · CIK 0001811348 · 10% owner

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 1,150,096

F1 · date: This Form 4A amends the original Form 4 filed on 6/16/2020 as follows: (i) the "Transaction Date" (Item 2, Table I) is changed to 6/18/2020 to reflect the date the Shares were actually received by the Reporting Person and (ii) the "Price" (Item 4, Table I) is changed to $9.535 to reflect the valuation attributable to the Shares on such amended date. All other information remains unchanged.

F2 · shares: On June 18, 2020, the Reporting Person (also referred to as the "JSCT") received a distribution of 223,419 shares (the "Shares") of Boulder Growth & Income Fund, Inc. (the "Company") from an affiliated trust, the Lola Brown Trust No. 1B (the "Trust"). The Trust distributed the Shares to the Reporting Person at the request of Jack S. Ciciora, who is a discretionary beneficiary of the Trust and the grantor of the JSCT.

F3 · ownership.direct: The trustee of the JSCT is Peak Trust Company-AK, which may be deemed to control the JSCT. As a result of his advisory role with the JSCT, Stewart R. Horejsi may be deemed to have indirect beneficial ownership of the Shares directly beneficially owned by the JSCT. However, Mr. Horejsi disclaims such beneficial ownership of the Shares directly beneficially held by the JSCT.

F4 · ownership.direct: The JSCT and trusts, persons and entities affiliated with the JSCT, including the Trust, the LBT 2019 Trust, Ernest Horejsi Trust No. 1B, Mildred B. Horejsi Trust, Stewart R. Horejsi Trust No. 2, Stewart West Indies Trust, Susan L. Ciciora Trust, John S. Horejsi Trust, John X. Ciciora Trust, Amanda N. Ciciora Trust, Courtney M. Ciciora Trust and Susan L. Ciciora own an aggregate of 45,384,254 shares of the Company.

SEC source: 0001800639-20-000003 · primary_doc.xml · nonDerivative · entry 1

John S. Horejsi Trust · CIK 0001800639 · 10% owner

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 677,847

F1 · date: This Form 4A amends the original Form 4 filed on 6/16/2020 as follows: (i) the "Transaction Date" (Item 2, Table I) is changed to 6/18/2020 to reflect the date the Shares were actually received by the Reporting Person and (ii) the "Price" (Item 4, Table I) is changed to $9.535 to reflect the valuation attributable to the Shares on such amended date. All other information remains unchanged.

F2 · shares: On June 18, 2020, the Reporting Person (also referred to as the "JSHT") received a distribution of 20,749 shares (the "Shares") of Boulder Growth & Income Fund, Inc. (the "Company") from an affiliated trust, the Lola Brown Trust No. 1B (the "Trust"). The Trust distributed the Shares to the Reporting Person at the request of John S. Horejsi, who is a discretionary beneficiary of the Trust and the grantor of the JSHT.

F3 · ownership.direct: The trustee of the JSHT is Peak Trust Company-AK, which may be deemed to control the JSHT. As a result of his advisory role with the JSHT, Stewart R. Horejsi may be deemed to have indirect beneficial ownership of the Shares directly beneficially owned by the JSHT. However, Mr. Horejsi disclaims such beneficial ownership of the Shares directly beneficially held by the JSHT.

F4 · ownership.direct: The JSHT and trusts, persons and entities affiliated with the JSHT, including the Trust, the LBT 2019 Trust, Ernest Horejsi Trust No. 1B, Mildred B. Horejsi Trust, Stewart R. Horejsi Trust No. 2, Stewart West Indies Trust, Susan L. Ciciora Trust, John X. Ciciora Trust, Jack S. Ciciora Trust, Amanda N. Ciciora Trust, Courtney M. Ciciora Trust and Susan L. Ciciora own an aggregate of 45,384,254 shares of the Company.

SEC source: 0001247999-20-000003 · primary_doc.xml · nonDerivative · entry 1

SUSAN L CICIORA TRUST · CIK 0001247999 · 10% owner

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 7,659,320

F1 · date: This Form 4A amends the original Form 4 filed on 6/16/2020 as follows: (i) the "Transaction Date" (Item 2, Table I) is changed to 6/18/2020 to reflect the date the Shares were actually received by the Reporting Person and (ii) the "Price" (Item 4, Table I) is changed to $9.535 to reflect the valuation attributable to the Shares on such amended date. All other information remains unchanged.

F2 · shares: On June 18, 2020, the Reporting Person (also referred to as the "SLCT") received a distribution of 29,714 shares (the "Shares") of Boulder Growth & Income Fund, Inc. (the "Company") from an affiliated trust, the Lola Brown Trust No. 1B (the "Trust"). The Trust distributed the Shares to the Reporting Person at the request of Susan L. Ciciora, who is a discretionary beneficiary of the Trust and the grantor of the SLCT.

F3 · ownership.direct: The trustee of the SLCT is Peak Trust Company-AK, which may be deemed to control the SLCT. As a result of his advisory role with the SLCT, Stewart R. Horejsi may be deemed to have indirect beneficial ownership of the Shares directly beneficially owned by the SLCT. However, Mr. Horejsi disclaims such beneficial ownership of the Shares directly beneficially held by the SLCT.

F4 · ownership.direct: The SLCT and trusts, persons and entities affiliated with the SLCT, including the Trust, the LBT 2019 Trust, Ernest Horejsi Trust No. 1B, Mildred B. Horejsi Trust, Stewart R. Horejsi Trust No. 2, Stewart West Indies Trust, John S. Horejsi Trust, John X. Ciciora Trust, Jack S. Ciciora Trust, Amanda N. Ciciora Trust, Courtney M. Ciciora Trust and Susan L. Ciciora own an aggregate of 45,384,254 shares of the Company.

SEC source: 0001247997-20-000003 · primary_doc.xml · nonDerivative · entry 1

STEWART WEST INDIES TRUST · CIK 0001247997 · 10% owner

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 1,799,119

F1 · date: This Form 4A amends the original Form 4 filed on 6/16/2020 as follows: (i) the "Transaction Date" (Item 2, Table I) is changed to 6/18/2020 to reflect the date the Shares were actually received by the Reporting Person and (ii) the "Price" (Item 4, Table I) is changed to $9.535 to reflect the valuation attributable to the Shares on such amended date. All other information remains unchanged.

F2 · shares: On June 18, 2020, the Reporting Person (also referred to as the "SWIT") received a distribution of 11,156 shares (the "Shares") of Boulder Growth & Income Fund, Inc. (the "Company") from an affiliated trust, the Lola Brown Trust No. 1B (the "Trust"). The Trust distributed the Shares to the Reporting Person at the request of Stewart R. Horejsi, who is a discretionary beneficiary of the Trust and the grantor of the SWIT.

F3 · ownership.direct: The trustee of the SWIT is Peak Trust Company-AK, which may be deemed to control the SWIT. As a result of his advisory role with the SWIT, Stewart R. Horejsi may be deemed to have indirect beneficial ownership of the Shares directly beneficially owned by the SWIT. However, Mr. Horejsi disclaims such beneficial ownership of the Shares directly beneficially held by the SWIT.

F4 · ownership.direct: The SWIT and trusts, persons and entities affiliated with the SWIT, including the Trust, the LBT 2019 Trust, Ernest Horejsi Trust No. 1B, Mildred B. Horejsi Trust, Stewart R. Horejsi Trust No. 2, Susan L. Ciciora Trust, John S. Horejsi Trust, John X. Ciciora Trust, Jack S. Ciciora Trust, Amanda N. Ciciora Trust, Courtney M. Ciciora Trust and Susan L. Ciciora own an aggregate of 45,384,254 shares of the Company.

SEC source: 0001247992-20-000002 · primary_doc.xml · nonDerivative · entry 1

LOLA BROWN TRUST 1B · CIK 0001247992 · 10% owner

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 10,146,367

F1 · date: This Form 4A amends the original Form 4 filed on 6/16/2020 as follows: (i) the "Transaction Date" (Item 2 Table I) is changed to 6/18/2020 to reflect the date the Shares were actually transferred by the Reporting Person and (ii) the "Price" (Item 4, Table I) is changed to $9.535 to reflect the valuation attributable to the Shares on such amended date. All other information remains unchanged.

F2 · shares: On June 18, 2020, the Reporting Person (also referred to herein as the "Trust") transferred the following shares (the "Shares") of Boulder Growth & Income Fund, Inc. (the "Company") to the following seven affiliated trusts: 11,156 Shares to the Stewart West Indies Trust ("SWIT"); 29,714 Shares to the Susan L. Ciciora Trust ("SLCT"); 20,749 Shares to the John S. Horejsi Trust ("JSHT"); 175,122 Shares to the John X. Ciciora Trust ("JXCT"); 223,419 Shares to the Jack S. Ciciora Trust ("JSCT"); 223,419 Shares to the Amanda N. Ciciora Trust ("ANCT"); and 223,419 Shares to the Courtney M. Ciciora Trust ("CMCT") (together, the "Recipient Trusts").

F3 · shares: The Reporting Person distributed the Shares to the Recipient Trusts in accordance with its governing trust instrument and at the request of its current beneficiaires, Stewart R. Horejsi, Susan L. Ciciora, John S. Horejsi, John X. Ciciora, Jack S. Ciciora, Amanda N. Ciciora and Courtney M. Ciciora (the "Beneficiaries"). Under the terms of the Trust, each Beneficiary is a discretionary beneficiary. The Beneficiaries requested that the trustee of the Trust, Peak Trust Company-AK, distribute the Shares in the amounts described herein, and each Beneficiary directed said trustee to transfer the Shares to the Recipient Trust on the Beneficiares' behalf and for their benefit.

F4 · ownership.direct: As noted, the trustee of the Trust is Peak Trust Company-AK, which may be deemed to control the Trust. As a result of his being a discretionary beneficiary of the Trust and his advisory role with the Trust, Stewart R. Horejsi may be deemed to have indirect beneficial ownership of the Shares directly beneficially owned by the Trust. However, Mr. Horejsi disclaims such beneficial ownership of the shares directly beneficially held by the Trust.

F5 · ownership.direct: The Trust, the Recipient Trusts, and trusts, persons and entities affiliated with the Trust, including Ernest Horejsi Trust No. 1B, Mildred B. Horejsi Trust, Stewart R. Horejsi Trust No. 2 and Susan L. Ciciora own an aggregate of 45,384,254 shares of the Company

SEC source: 0001811370-20-000003 · primary_doc.xml · nonDerivative · entry 1

COURTNEY M. CICIORA TRUST · CIK 0001811370 · 10% owner

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 1,150,096

F1 · shares: On June 12, 2020, the Reporting Person (also referred to as the "CMCT") received a distribution of 223,419 shares (the "Shares") of Boulder Growth & Income Fund, Inc. (the "Company") from an affiliated trust, the Lola Brown Trust No. 1B (the "Trust"). The Trust distributed the Shares to the Reporting Person at the request of Courtney M. Ciciora, who is a discretionary beneficiary of the Trust and the grantor of the CMCT.

F2 · ownership.direct: The trustee of the CMCT is Peak Trust Company-AK, which may be deemed to control the CMCT. As a result of his advisory role with the CMCT, Stewart R. Horejsi may be deemed to have indirect beneficial ownership of the Shares directly beneficially owned by the CMCT. However, Mr. Horejsi disclaims such beneficial ownership of the Shares directly beneficially held by the CMCT.

F3 · ownership.direct: The CMCT and trusts, persons and entities affiliated with the CMCT, including the Trust, the LBT 2019 Trust, Ernest Horejsi Trust No. 1B, Mildred B. Horejsi Trust, Stewart R. Horejsi Trust No. 2, Stewart West Indies Trust, Susan L. Ciciora Trust, John S. Horejsi Trust, John X. Ciciora Trust, Jack S. Ciciora Trust, Amanda N. Ciciora Trust, and Susan L. Ciciora own an aggregate of 45,384,254 shares of the Company.

SEC source: 0001811365-20-000003 · primary_doc.xml · nonDerivative · entry 1

AMANDA N. CICIORA TRUST · CIK 0001811365 · 10% owner

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 1,150,096

F1 · shares: On June 12, 2020, the Reporting Person (also referred to as the "ANCT") received a distribution of 223,419 shares (the "Shares") of Boulder Growth & Income Fund, Inc. (the "Company") from an affiliated trust, the Lola Brown Trust No. 1B (the "Trust"). The Trust distributed the Shares to the Reporting Person at the request of Amanda N. Ciciora, who is a discretionary beneficiary of the Trust and the grantor of the ANCT.

F2 · ownership.direct: The trustee of the ANCT is Peak Trust Company-AK, which may be deemed to control the ANCT. As a result of his advisory role with the ANCT, Stewart R. Horejsi may be deemed to have indirect beneficial ownership of the Shares directly beneficially owned by the ANCT. However, Mr. Horejsi disclaims such beneficial ownership of the Shares directly beneficially held by the ANCT.

F3 · ownership.direct: The ANCT and trusts, persons and entities affiliated with the ANCT, including the Trust, the LBT 2019 Trust, Ernest Horejsi Trust No. 1B, Mildred B. Horejsi Trust, Stewart R. Horejsi Trust No. 2, Stewart West Indies Trust, Susan L. Ciciora Trust, John S. Horejsi Trust, John X. Ciciora Trust, Jack S. Ciciora Trust, Courtney M. Ciciora Trust and Susan L. Ciciora own an aggregate of 45,384,254 shares of the Company.

SEC source: 0001811348-20-000002 · primary_doc.xml · nonDerivative · entry 1

JACK S. CICIORA TRUST · CIK 0001811348 · 10% owner

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 1,150,096

F1 · shares: On June 12, 2020, the Reporting Person (also referred to as the "JSCT") received a distribution of 223,419 shares (the "Shares") of Boulder Growth & Income Fund, Inc. (the "Company") from an affiliated trust, the Lola Brown Trust No. 1B (the "Trust").The Trust distributed the Shares to the Reporting Person at the request of Jack S. Ciciora, who is a discretionary beneficiary of the Trust and the grantor of the JSCT.

F2 · ownership.direct: The trustee of the JSCT is Peak Trust Company-AK, which may be deemed to control the JSCT. As a result of his advisory role with the JSCT, Stewart R. Horejsi may be deemed to have indirect beneficial ownership of the Shares directly beneficially owned by the JSCT. However, Mr. Horejsi disclaims such beneficial ownership of the Shares directly beneficially held by the JSCT.

F3 · ownership.direct: The JSCT and trusts, persons and entities affiliated with the JSCT, including the Trust, the LBT 2019 Trust, Ernest Horejsi Trust No. 1B, Mildred B. Horejsi Trust, Stewart R. Horejsi Trust No. 2, Stewart West Indies Trust, Susan L. Ciciora Trust, John S. Horejsi Trust, John X. Ciciora Trust, Amanda N. Ciciora Trust, Courtney M. Ciciora Trust and Susan L. Ciciora own an aggregate of 45,384,254 shares of the Company.

SEC source: 0001811347-20-000002 · primary_doc.xml · nonDerivative · entry 1

JOHN X. CICIORA TRUST · CIK 0001811347 · 10% owner

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 967,009

F1 · shares: On June 12, 2020, the Reporting Person (also referred to as the "JXCT") received a distribution of 175,122 shares (the "Shares") of Boulder Growth & Income Fund, Inc. (the "Company") from an affiliated trust, the Lola Brown Trust No. 1B (the "Trust"). The Trust distributed the Shares to the Reporting Person at the request of John X. Ciciora, who is a discretionary beneficiary of the Trust and the grantor of the JXCT.

F2 · ownership.direct: The trustee of the JXCT is Peak Trust Company-AK, which may be deemed to control the JXCT. As a result of his advisory role with the JXCT, Stewart R. Horejsi may be deemed to have indirect beneficial ownership of the Shares directly beneficially owned by the JXCT. However, Mr. Horejsi disclaims such beneficial ownership of the Shares directly beneficially held by the JXCT.

F3 · ownership.direct: The JXCT and trusts, persons and entities affiliated with the JXCT, including the Trust, the LBT 2019 Trust, Ernest Horejsi Trust No. 1B, Mildred B. Horejsi Trust, Stewart R. Horejsi Trust No. 2, Stewart West Indies Trust, Susan L. Ciciora Trust, John S. Horejsi Trust, Jack S. Ciciora Trust, Amanda N. Ciciora Trust, Courtney M. Ciciora Trust and Susan L. Ciciora own an aggregate of 45,384,254 shares of the Company.

SEC source: 0001800639-20-000002 · primary_doc.xml · nonDerivative · entry 1

John S. Horejsi Trust · CIK 0001800639 · 10% owner

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 677,847

F1 · shares: On June 12, 2020, the Reporting Person (also referred to as the "JSHT") received a distribution of 20,749 shares (the "Shares") of Boulder Growth & Income Fund, Inc. ( the "Company") from an affiliated trust, the Lola Brown Trust No. 1B (the "Trust"). The Trust distributed the Shares to the Reporting Person at the request of John S. Horejsi, who is a discretionary beneficiary of the Trust and the grantor of the JSHT.

F2 · ownership.direct: The trustee of the JSHT is Peak Trust Company-AK, which may be deemed to control the JSHT. As a result of his advisory role with the JSHT, Stewart R. Horejsi may be deemed to have indirect beneficial ownership of the Shares directly beneficially owned by the JSHT. However, Mr. Horejsi disclaims such beneficial ownership of the Shares directly beneficially held by the JSHT.

F3 · ownership.direct: The JSHT and trusts, persons and entities affiliated with the JSHT, including the Trust, the LBT 2019 Trust, Ernest Horejsi Trust No. 1B, Mildred B. Horejsi Trust, Stewart R. Horejsi Trust No. 2, Stewart West Indies Trust, Susan L. Ciciora Trust, John X. Ciciora Trust, Jack S. Ciciora Trust, Amanda N. Ciciora Trust, Courtney M. Ciciora Trust and Susan L. Ciciora own an aggregate of 45,384,254 shares of the Company.

SEC source: 0001247999-20-000002 · primary_doc.xml · nonDerivative · entry 1

SUSAN L CICIORA TRUST · CIK 0001247999 · 10% owner

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 7,659,320

F1 · shares: On June 12, 2020, the Reporting Person (also referred to as the "SLCT") received a distribution of 29,714 shares, (the "Shares") of Boulder Growth & Income Fund, Inc. (the "Company") from an affiliated trust, the Lola Brown Trust No. 1B (the "Trust"). The Trust distributed the Shares to the Reporting Person at the request of Susan L. Ciciora, who is a discretionary beneficiary of the Trust and the grantor of the SLCT.

F2 · ownership.direct: The trustee of the SLCT is Peak Trust Company-AK, which may be deemed to control the SLCT. As a result of his advisory role with the SLCT, Stewart R. Horejsi may be deemed to have indirect beneficial ownership of the Shares directly beneficially owned by the SLCT. However, Mr. Horejsi disclaims such beneficial ownership of the Shares directly beneficially held by the SLCT.

F3 · ownership.direct: The SLCT and trusts, persons and entities affiliated with the SLCT, including the Trust, the LBT 2019 Trust, Ernest Horejsi Trust No. 1B, Mildred B. Horejsi Trust, Stewart R. Horejsi Trust No. 2, Stewart West Indies Trust, John S. Horejsi Trust, John X. Ciciora Trust, Jack S. Ciciora Trust, Amanda N. Ciciora Trust, Courtney M. Ciciora Trust and Susan L. Ciciora own an aggregate of 45,384,254 shares of the Company.

SEC source: 0001247997-20-000002 · primary_doc.xml · nonDerivative · entry 1

STEWART WEST INDIES TRUST · CIK 0001247997 · 10% owner

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 1,799,119

F1 · shares: On June 12, 2020, the Reporting Person (also referred to as the "SWIT") received a distribution of 11,156 shares (the "Shares") of Boulder Growth & Income Fund, Inc. (the "Company") from an affiliated trust, the Lola Brown Trust No. 1B (the "Trust"). The Trust distributed the Shares to the Reporting Person at the request of Stewart R. Horejsi, who is a discretionary beneficiary of the Trust and the grantor of the SWIT.

F2 · ownership.direct: The trustee of the SWIT is Peak Trust Company-AK, which may be deemed to control the SWIT. As a result of his advisory role with the SWIT, Stewart R. Horejsi may be deemed to have indirect beneficial ownership of the Shares directly beneficially owned by the SWIT. However, Mr. Horejsi disclaims such beneficial ownership of the Shares directly beneficially held by the SWIT.

F3 · ownership.direct: The SWIT and trusts, persons and entities affiliated with the SWIT, including the Trust, the LBT 2019 Trust, Ernest Horejsi Trust No. 1B, Mildred B. Horejsi Trust, Stewart R. Horejsi Trust No. 2, Susan L. Ciciora Trust, John S. Horejsi Trust, John X. Ciciora Trust, Jack S. Ciciora Trust, Amanda N. Ciciora Trust, Courtney M. Ciciora Trust and Susan L. Ciciora own an aggregate of 45,384,254 shares of the Company.

SEC source: 0001247992-20-000001 · primary_doc.xml · nonDerivative · entry 1

LOLA BROWN TRUST 1B · CIK 0001247992 · 10% owner

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 10,146,367

F1 · shares: On June 12, 2020, the Reporting Person (also referred to here in as the "Trust") transferred the following shares (the "Shares") of Boulder Growth & Income Fund, Inc. (the "Company") to the following seven affiliated trusts: 11,156.00 Shares to the Stewart West Indies Trust ("SWIT"); 29,714.00 Shares to the Susan L. Ciciora Trust ("SLCT"); 20,749.00 Shares to the John S. Horejsi Trust ("JSHT"); 175,122.00 Shares to the John X. Ciciora Trust ("JXCT"); 223,419.00 Shares to the Jack S. Ciciora Trust ("JSCT"); 223,419.00 Shares to the Amanda N. Ciciora Trust ("ANCT"); and 223,419.00 Shares to the Courtney M. Ciciora Trust ("CMCT")(together, the "Recipient Trusts").

F2 · shares: The Reporting Person distributed the Shares to the Recipient Trusts in accordance with its governing trust instrument and at the request of its current beneficiaries, Stewart R. Horejsi, Susan L. Ciciora, John S. Horejsi, John X. Ciciora, Jack S. Ciciora, Amanda N.l Ciciora and Courtney M. Ciciora ("the "Beneficiaires"). Under the terms of the Trust, each Beneficiary is a discretionary beneficiary. The Beneficiaries requested that the trustee of the Trust, Peak Trust Company-AK, distribute the Shares in the amounts described herein, and each Beneficiary directed said trustee to transfer the Shares to the Recipient Trust on the Beneficiaries' behalf and for their benefit.

F3 · ownership.direct: As noted, the trustee of the Trust is Peak Trust Company-AK, which may be deemed to control the Trust. As a result of his being a discretionary beneficiary of the Trust and his advisory role with the Trust, Stewart R. Horejsi may be deemed to have indirect beneficial ownership of the Shares directly beneficially owned by the Trust. However, Mr. Horejsi disclaims such beneficial ownership of the shares directly beneficially held by the Trust.

F4 · ownership.direct: The Trust, the Recipient Trusts, and trusts, persons and entities affiliated with the Trust, including Ernest Horejsi Trust No. 1B, Mildred B. Horejsi Trust, Stewart R. Horejsi Trust No. 2 and Susan L. Ciciora own an aggregate of 45,384,254 shares of the Company.

SEC source: 0001800607-20-000004 · primary_doc.xml · nonDerivative · entry 1

LBT 2019 Trust · CIK 0001800607 · 10% owner

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 0

F1 · shares: On May 5, 2020, the Reporting Person (also referred to as the "2019 Trust") distributed the following shares (the "Shares") of Boulder Growth & Income Fund, Inc. (the "Company") to the following affiliated trusts: 791,887 Shares to the John X. Ciciora Trust; 926,677 Shares to the Jack S. Ciciora Trust; 926,677 to the Amanda N. Ciciora Trust; and 926,677 Shares to the Courtney M. Ciciora Trust (together, the "Recipient Trusts"). The Reporting Person distributed the Shares pursuant to a general power of appointment granted to John X. Ciciora, Jack S. Ciciora, Amanda N. Ciciora and Courtney M. Ciciora (each, a "Beneficiary") in its governing trust instrument. Under the terms of the 2019 Trust, each Beneficiary has the right to appoint their respectively allocated Shares in their discretion and each Beneficiary has directed the 2019 Trust's trustee to transfer their allocated Shares to the Recipient Trust associated with their name as set forth above.

F2 · ownership.direct: The trustee of the 2019 Trust is Peak Trust Company-AK, which may be deemed to control the 2019 Trust. As a result of being a beneficiary under the 2019 Trust and his advisory role with the 2019 Trust, Stewart R. Horejsi may be deemed to have indirect beneficial ownership of the Shares directly beneficially owned by the 2019 Trust. However, Mr. Horejsi disclaims such beneficial ownership of the shares directly beneficially held by the 2019 Trust.

F3 · ownership.direct: The 2019 Trust and trusts, persons and entities affiliated with the 2019 Trust, including Lola Brown Trust No. 1B, Ernest Horejsi Trust No. 1B, Mildred B. Horejsi Trust, Stewart R. Horejsi Trust No. 2, Stewart West Indies Trust, Susan L. Ciciora Trust, John S. Horejsi Trust, John X. Ciciora Trust, Jack S. Ciciora Trust, Amanda N. Ciciora Trust, Courtney M. Ciciora Trust and Susan L. Ciciora own an aggregate of 45,384,254 shares of the Company.

SEC source: 0001245551-20-000002 · primary_doc.xml · nonDerivative · entry 2

MILLER STEPHEN C · CIK 0001245551 · Director · Chief Legal Officer

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 36,960.3935

SEC source: 0001245556-20-000001 · primary_doc.xml · nonDerivative · entry 4

LOONEY JOEL W · CIK 0001245556 · Director · President

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 66,475.9708

SEC source: 0001245556-20-000001 · primary_doc.xml · nonDerivative · entry 3

LOONEY JOEL W · CIK 0001245556 · Director · President

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 65,824.7583

SEC source: 0001247999-20-000001 · primary_doc.xml · nonDerivative · entry 1

SUSAN L CICIORA TRUST · CIK 0001247999 · 10% owner

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 7,629,606

F1 · shares: On February 20,2020, the Reporting Person (also referred to as the "SLCT") received a distribution of 791,887 shares (the "Shares") of Boulder Growth & Income Fund, Inc. (the "Company") from an affiliated trust, the LBT 2019 Trust (the "2019 Trust"). The Reporting Person received the Shares pursuant to a general power of appointment granted under the 2019 Trust to Susan L. Ciciora, the SLCT's grantor. The 2019 Trust allows Ms. Ciciora to appoint Shares allocated to her under such trust in her discretion and she elected to appoint such Shares to the SLCT.

F2 · ownership.direct: The trustee of the SLCT is Peak Trust Company-AK, which may be deemed to control the SLCT. As a result of his advisory role with the SLCT, Stewart R. Horejsi may be deemed to have indirect beneficial ownership of the Shares directly beneficially owned by the SLCT. However, Mr. Horejsi disclaims such beneficial ownership of the Shares directly beneficially held by the SLCT.

F3 · ownership.direct: The SLCT and trusts, persons and entities affiliated with the SLCT, including the 2019 Trust, Lola Brown Trust No. 1B, Ernest Horejsi Trust No. 1B, Mildred B. Horejsi Trust, Stewart R. Horejsi Trust No. 2, Stewart West Indies Trust, John S. Horejsi Trust and Susan L. Ciciora own an aggregate of 45,384,254 shares of the Company.

SEC source: 0001307493-20-000001 · primary_doc.xml · nonDerivative · entry 1

STEWART WEST INDIES TRADING CO., LTD · CIK 0001307493 · 10% owner

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 8,625,682

F1 · shares: On February 20, 2020, the Reporting Person (also referred to as the "SWIT") received a distribution of 657,097 shares (the "Shares") of Boulder Growith & Income Fund, Inc. (the "Company") from an affiliated trust, the LBT 2019 Trust (the "2019 Trust"). The Reporting Person recieved the Shares pursuant to a general power of appointment granted under the 2019 Trust to Stewart R. Horejsi, the SWIT's grantor. The 2019 Trust allows Mr. Horejsi to appoint Shares allocated to him under such trust in his discretion and he elected to appoint such Shares to the SWIT.

F2 · ownership.direct: The trustee of the SWIT is Peak Trust Company-AK, which may be deemed to control the SWIT. As a result of his advisory role with the SWIT, Stewart R. Horejsi may be deemed to have indirect beneficial ownership of the Shares directly beneficially owned by the SWIT. However, Mr. Horejsi disclaims such beneficial ownership of the Shares directly beneficially held by the SWIT.

F3 · ownership.direct: The SWIT and trusts, persons and entities affiliated with the SWIT, including the 2019 Trust, Lola Brown Trust No. 1B, Ernest Horejsi Trust No. 1B, Mildred B. Horejsi Trust, Stewart R. Horejsi Trust No. 2, Susan L. Ciciora Trust, John S. Horejsi Trust and Susan L. Ciciora own an aggregate of 45,384,254 shares of the Company.

SEC source: 0001800607-20-000003 · primary_doc.xml · nonDerivative · entry 1

LBT 2019 Trust · CIK 0001800607 · 10% owner

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 3,571,918

F1 · shares: On February 20, 2020, the Reporting Person (also referred to as the "2019 Trust") distributed the following shares (the "Shares") of Boulder Growth & Income Fund, Inc. (the "Company") to the following affiliated trusts: 657,097 Shares to the Stewart West Indies Trust: 791,887 Shares to the Susan L. Ciciora Trust; and 657,098 Shares to the John S. Horejsi Trust (together, the "Recipient Trusts"). The Reporting Person distributeed the Shares pursuant to a general power of appointment granted to Stewart R. Horejsi, Susan L. Ciciora and John S. Horejsi (the "Beneficiaries") in the governing trust instrument. Under the terms of the 2019 Trust, each Beneficiary has the right to appoint their respectively allocated Shares in their discretion and each Beneficiary has directed the 2019 Trust's trustee to transfer their allocated Shares to the Recipient Trust associated with their name as set forth above.

F2 · ownership.direct: The trustee of the 2019 Trust is Peak Trust Company-AK, which may be deemed to control the 2019 Trust. As a result of being a beneficiary under the 2019 Trust and his advisory role with the 2019 Trust, Stewart R. Horejsi may be deemed to have indirect beneficial ownership of the Shares directly beneficially owned by the 2019 Trust. However, Mr. Horejsi disclaims such beneficial ownership of the shares directly beneficially held by the 2019 Trust.

F3 · ownership.direct: The 2019 Trust and trusts, persons and entities affiliated with the 2019 Trust, including Lola Brown Trust No. 1B, Ernest Horejsi Trust No. 1B, Mildred B. Horejsi Trust, Stewart R. Horejsi Trust No. 2, Stewart West Indies Trust, Susan L. Ciciora Trust, John S. Horejsi Trust and Susan L. Ciciora own an aggregate of 45,384,254 shares of the Company.

SEC source: 0001247997-20-000001 · primary_doc.xml · nonDerivative · entry 1

STEWART WEST INDIES TRUST · CIK 0001247997 · 10% owner

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 1,787,963

F1 · shares: On February 20, 2020, the Reporting Person (also referred to as the "SWIT") received a distribution of 657,097 shares (the "Shares") of Boulder Growth & Income Fund, Inc. (the "Company") from an affiliated trust, the LBT 2019 Trust (the "2019 Trust"). The Reporting Person received the Shares pursuant to a general power of appointment granted under the 2019 Trust to Stewart R. Horejsi, the SWIT's grantor. The 2019 Trust allows Mr. Horejsi to appoint Shares allocated to him under such trust in his discretion and he elected to appoint such Shares to the SWIT.

F2 · ownership.direct: The trustee of the SWIT is Peak Trust Company-AK, which may be deemed to control the SWIT. As a result of his advisory role with the SWIT, Stewart R. Horejsi may be deemed to have indirect beneficial ownership of the Shares directly beneficially owned by the SWIT. However, Mr. Horejsi disclaims such beneficial ownership of the Shares directly beneficially held by the SWIT.

F3 · ownership.direct: The SWIT and trusts, persons and entities affiliated with the SWIT, including the 2019 Trust, Lola Brown Trust No. 1B, Ernest Horejsi Trust No. 1B, Mildred B. Horejsi Trust, Stewart R. Horejsi Trust No. 2, Susan L. Ciciora Trust, John S. Horejsi Trust and Susan L. Ciciora own an aggregate of 45,384,254 shares of the Company.

F4 · ownership.direct: This Form 4 is amended to reflect the corrected Name of Reporting Person. On February 24, 2020 a Form 4 was errantly filed under the CIK for Stewart West Indies Trading Co. Ltd instead of Stewart West Indies Trust. The correct filing entity is Stewart West Indies Trust. All other information remains the same.

SEC source: 0001245551-20-000002 · primary_doc.xml · nonDerivative · entry 1

MILLER STEPHEN C · CIK 0001245551 · Director · Chief Legal Officer

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 36,842.4974

SEC source: 0001245556-20-000001 · primary_doc.xml · nonDerivative · entry 2

LOONEY JOEL W · CIK 0001245556 · Director · President

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 65,769.8087

SEC source: 0001245556-20-000001 · primary_doc.xml · nonDerivative · entry 1

LOONEY JOEL W · CIK 0001245556 · Director · President

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 65,240.2822

SEC source: 0001800607-20-000001 · primary_doc.xml · nonDerivative · entry 1

LOLA BROWN TRUST 1B · CIK 0001247992 · 10% owner

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 11,053,365

F1 · shares: On January 16, 2020, the Reporting Person (also referred to herein as the Trust) transferred 5,678,000 shares (the Shares) of Boulder Growth & Income Fund, Inc. (the Company) to an affiliated trust, the LBT 2019 Trust (2019 Trust). The Reporing Person distributed the Shares to the 2019 Trust in accordance with its governing trust instrument onbehalf of its beneficiaries, Stewart R. Horejsi, Susan L. Ciciora, John S. Horejsi, John S. Ciciora, Jack S. Ciciora, Amanda N. Ciciora, Courtney M. Ciciora, (the Beneficiaries). Under the terms of the 2019 Trust, each Beneficiary has the right to appoint their respectively allocated Shares in their discretion. It is anticipated, however, that the Beneficiares will appoint their allocated Shares to existing or new trusts with respect to which each is or will be the grantor.

F1 · ownership.direct: On January 16, 2020, the Reporting Person (also referred to herein as the Trust) transferred 5,678,000 shares (the Shares) of Boulder Growth & Income Fund, Inc. (the Company) to an affiliated trust, the LBT 2019 Trust (2019 Trust). The Reporing Person distributed the Shares to the 2019 Trust in accordance with its governing trust instrument onbehalf of its beneficiaries, Stewart R. Horejsi, Susan L. Ciciora, John S. Horejsi, John S. Ciciora, Jack S. Ciciora, Amanda N. Ciciora, Courtney M. Ciciora, (the Beneficiaries). Under the terms of the 2019 Trust, each Beneficiary has the right to appoint their respectively allocated Shares in their discretion. It is anticipated, however, that the Beneficiares will appoint their allocated Shares to existing or new trusts with respect to which each is or will be the grantor.

F2 · ownership.direct: The trustee of the Trust and the 2019 Trust is Peak Trust Company-AK, which may be deemed to control the Trust and 2019 Trust. As a result of his being a discretionary beneficiary of the Trust and a beneficiary of the 2019 Trust and his advisory role with the Trust and the 2019 Trust, Stewart R. Horejsi may be deemed to have indirect beneficial ownership of the Shares directly beneficially owned by the trusts. However, Mr. Horejsi disclaims such beneficial ownership of the shares directly beneficially held by the Trust and 2019 Trust.

F3 · ownership.direct: The Trust, the 2019 Trust and trusts, persons and entities affiliated with the Trust and 2019 Trust, including Ernest Horejsi Trust No. 1B, Mildred B. Horejsi Trust, Stewart R. Horejsi Trust No. 2, Stewart West Indies Trust, Susan L. Ciciora Trust and Susan L. Ciciora own an aggregate of 45,384,254 shares of the Company.

SEC source: 0001245556-19-000001 · primary_doc.xml · nonDerivative · entry 8

LOONEY JOEL W · CIK 0001245556 · Director · President

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 65,195.5998

SEC source: 0001245556-19-000001 · primary_doc.xml · nonDerivative · entry 7

LOONEY JOEL W · CIK 0001245556 · Director · President

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 64,655.5354

SEC source: 0001245551-20-000001 · primary_doc.xml · nonDerivative · entry 3

MILLER STEPHEN C · CIK 0001245551 · Director · Chief Legal Officer

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 36,746.6316

SEC source: 0001245556-19-000001 · primary_doc.xml · nonDerivative · entry 6

LOONEY JOEL W · CIK 0001245556 · Director · President

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 64,609.964

SEC source: 0001245556-19-000001 · primary_doc.xml · nonDerivative · entry 5

LOONEY JOEL W · CIK 0001245556 · Director · President

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 64,069.7454

SEC source: 0001245551-20-000001 · primary_doc.xml · nonDerivative · entry 2

MILLER STEPHEN C · CIK 0001245551 · Director · Chief Legal Officer

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 36,648.8577

SEC source: 0001245556-19-000001 · primary_doc.xml · nonDerivative · entry 4

LOONEY JOEL W · CIK 0001245556 · Director · President

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 64,024.161

SEC source: 0001245556-19-000001 · primary_doc.xml · nonDerivative · entry 3

LOONEY JOEL W · CIK 0001245556 · Director · President

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 63,493.5855

SEC source: 0001245551-20-000001 · primary_doc.xml · nonDerivative · entry 1

MILLER STEPHEN C · CIK 0001245551 · Director · Chief Legal Officer

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 36,551.0563

SEC source: 0001247999-19-000001 · primary_doc.xml · nonDerivative · entry 1

SUSAN L CICIORA TRUST · CIK 0001247999 · 10% owner

HOREJSI STEWART R · CIK 0001246903 · 10% owner

Joint disclosure: these amounts are not allocated separately to each reporting owner.

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 6,837,719

F1 · shares: On April 10, 2019, the Reporting Person acquired 1,365,044 shares (the "Shares") of Boulder Growth & Income Fund, Inc. from an affiliated trust, Ernest Horejsi Trust No. 1B ("EHT"). The Shares were valued at $10.96 per share based on the closing price reported for such shares by the New York Stock Exchange on April 9, 2019. The Reporting Person acquired the Shares in lieu of cash repayment with respect to an intra-trust loan between the Reporting Person as lender and EHT as borrower in the amount of $14,960,882.

F2 · ownership.direct: The trustee of the Reporting Person (also referred to herein as the "Trust") is Peak Trust Company-AK, which may be deemed to control the Trust. As a result of his advisory role with the Trust, Stewart R. Horejsi may be deemed to have indirect beneficial ownership of the shares directly beneficially owned by the Trust. However, Mr. Horejsi disclaims such beneficial ownership of the shares directly beneficially held by the Trust.

F3 · ownership.direct: The Trust and trusts, persons and entities affiliated with the Trust, including Lola Brown Trust No. 1B, Ernest Horejsi Trust No. 1B, Mildred B. Horejsi Trust, Stewart West Indies Trust, Stewart R. Horejsi Trust No. 2 and Susan L. Ciciora own an aggregate of 45,384,254 shares of BIF.

SEC source: 0001091477-19-000001 · primary_doc.xml · nonDerivative · entry 2

ERNEST HOREJSI TRUST NO 1B · CIK 0001091477 · 10% owner

HOREJSI STEWART R · CIK 0001246903 · 10% owner

Joint disclosure: these amounts are not allocated separately to each reporting owner.

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 12,689,062

F1 · shares: On April 10, 2019, the Reporting Person transferred shares (the "Shares") of Boulder Growth & Income Fund, Inc. to two affiliated trusts, Lola Brown Trust No. 1B ("LBT") and Susan L. Ciciora Trust ("SLCT"). LBT and SLCT received 2,319,048 and 1,365,044 Shares, respectively. The Shares were valued at $10.96 per share based on the closing price reported for such shares by the New York Stock Exchange on April 9, 2019. The transfers were made in lieu of cash repayment with respect to two intra-trust loans between the Reporting Person as borrower and LBT as lender in the amount of $25,416,766 and the Reporting Person as borrower and SLCT as lender in the amount of $14,960,882.

F2 · ownership.direct: The trustees of the Reporting Person (also referred to herein as the ("Trust") are Peak Trust Company-AK ("PTC"), Susan L. Ciciora and Brian Sippy, MD. Such trustees may be deemed to control the Trust and may be deemed to possess indirect beneficial ownership of the shares held by the Trust. However, none of the trustees, acting alone, can vote or exercise dispositive authority over shares held by the Trust. Accordingly, PTC, Ms. Ciciora and Dr. Sippy disclaim beneficial ownership of the shares beneficially owned, directly or indirectly, by the Trust. In addition to serving as a trustee, Ms. Ciciora is also a beneficiary of the Trust. As a result of his advisory role with the Trust, Stewart R. Horejsi may be deemed to have indirect beneficial ownership of the shares directly beneficially owned by the Trust. However, Mr. Horejsi disclaims such beneficial ownership of the shares directly beneficially held by the Trust.

F3 · ownership.direct: The Trust and trusts, persons and entities affiliated with the Trust, including Lola Brown Trust No. 1B, Mildred B. Horejsi Trust, Stewart West Indies Trust, Stewart R. Horejsi Trust No. 2, Susan L. Ciciora Trust and Susan L. Ciciora own an aggregate of 45,384,254 shares of BIF.

SEC source: 0001091477-19-000001 · primary_doc.xml · nonDerivative · entry 1

ERNEST HOREJSI TRUST NO 1B · CIK 0001091477 · 10% owner

HOREJSI STEWART R · CIK 0001246903 · 10% owner

Joint disclosure: these amounts are not allocated separately to each reporting owner.

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 14,054,106

F1 · shares: On April 10, 2019, the Reporting Person transferred shares (the "Shares") of Boulder Growth & Income Fund, Inc. to two affiliated trusts, Lola Brown Trust No. 1B ("LBT") and Susan L. Ciciora Trust ("SLCT"). LBT and SLCT received 2,319,048 and 1,365,044 Shares, respectively. The Shares were valued at $10.96 per share based on the closing price reported for such shares by the New York Stock Exchange on April 9, 2019. The transfers were made in lieu of cash repayment with respect to two intra-trust loans between the Reporting Person as borrower and LBT as lender in the amount of $25,416,766 and the Reporting Person as borrower and SLCT as lender in the amount of $14,960,882.

F2 · ownership.direct: The trustees of the Reporting Person (also referred to herein as the ("Trust") are Peak Trust Company-AK ("PTC"), Susan L. Ciciora and Brian Sippy, MD. Such trustees may be deemed to control the Trust and may be deemed to possess indirect beneficial ownership of the shares held by the Trust. However, none of the trustees, acting alone, can vote or exercise dispositive authority over shares held by the Trust. Accordingly, PTC, Ms. Ciciora and Dr. Sippy disclaim beneficial ownership of the shares beneficially owned, directly or indirectly, by the Trust. In addition to serving as a trustee, Ms. Ciciora is also a beneficiary of the Trust. As a result of his advisory role with the Trust, Stewart R. Horejsi may be deemed to have indirect beneficial ownership of the shares directly beneficially owned by the Trust. However, Mr. Horejsi disclaims such beneficial ownership of the shares directly beneficially held by the Trust.

F3 · ownership.direct: The Trust and trusts, persons and entities affiliated with the Trust, including Lola Brown Trust No. 1B, Mildred B. Horejsi Trust, Stewart West Indies Trust, Stewart R. Horejsi Trust No. 2, Susan L. Ciciora Trust and Susan L. Ciciora own an aggregate of 45,384,254 shares of BIF.

SEC source: 0001247992-19-000001 · primary_doc.xml · nonDerivative · entry 1

LOLA BROWN TRUST 1B · CIK 0001247992 · 10% owner

HOREJSI STEWART R · CIK 0001246903 · 10% owner

Joint disclosure: these amounts are not allocated separately to each reporting owner.

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 16,731,365

F1 · shares: On April 10, 2019, the Reporting Person acquired 2,319,048 shares (the "Shares") of Boulder Growth & Income Fund, Inc. from an affiliated trust, Ernest Horejsi Trust No. 1B ("EHT"). The Shares were valued at $10.96 per share based on the closing price reported for such shares by the New York Stock Exchange on April 9, 2019. The Reporting Person acquired the Shares in lieu of cash repayment with respect to an intra-trust loan between the Reporting Person as lender and EHT as borrower in the amount of $25,416,766.

F2 · ownership.direct: The trustees of the Reporting Person (also referred to herein as the "Trust") are Peak Trust Company-AK ("PTC"), Susan L. Ciciora and Laura Tatooles. Such trustees may be deemed to control the Trust and may be deemed to possess indirect beneficial ownership of the shares held by the Trust. However, none of the trustees, acting alone, can vote or exercise dispositive authority over shares held by the Trust. Accordingly, PTC, Ms. Ciciora and Ms. Tatooles disclaim beneficial ownership of the shares beneficially owned, directly or indirectly, by the Trust. In addition to serving as a trustee, Ms. Ciciora is also a beneficiary of the Trust. As a result of his advisory role with the Trust, Stewart R. Horejsi may be deemed to have indirect beneficial ownership of the shares directly beneficially owned by the Trust. However, Mr. Horejsi disclaims such beneficial ownership of the shares directly beneficially held by the Trust.

F3 · ownership.direct: The Trust and trusts, persons and entities affiliated with the Trust, including Ernest Horejsi Trust No. 1B, Mildred B. Horejsi Trust, Stewart West Indies Trust, Stewart R. Horejsi Trust No. 2, Susan L. Ciciora Trust and Susan L. Ciciora own an aggregate of 45,384,254 shares of BIF.

SEC source: 0001245556-19-000001 · primary_doc.xml · nonDerivative · entry 2

LOONEY JOEL W · CIK 0001245556 · Director · President

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 63,448.8151