Boulder Growth & Income Fund, Inc. (NYSE: BIF) announced that earlier today its board of directors (the “Board”) declared a dividend of $0.033 per common share payable in cash on January 29, 2016 to holders of record on January 22, 2016. The Fund will trade ex-dividend on January 20, 2016. The timing and character of distributions for federal income tax purposes are determined in accordance with income tax regulations which may differ from GAAP. As such, all or a portion of this distribution may be reportable as taxable income on your 2016 federal income tax return. The final tax character of any distribution declared in 2016 will be determined in January 2017 and reported to you on IRS Form 1099-DIV.

As previously announced, the Board instituted a monthly managed distribution program in accordance with its Section 19(b) exemptive order in November 2015. In adopting the program, the Fund seeks to provide a regular monthly distribution to its common stockholders which is not dependent on the amount of income earned or capital gains realized by the Fund.

For more information on the Fund, please visit us on the web at www.boulderfunds.net.