LOLA BROWN TRUST 1B

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: 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: 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: 0001800607-20-000001 · 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: 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.