(The following statement was released by the rating agency)
CHICAGO, April 25 (Fitch) The following auction market preferred shares (AMPS)
issued by Boulder Growth & Income Fund, Inc. (NYSE: BIF) are paid in full (PIF)
following the full redemption of outstanding shares, according to Fitch Ratings:
--$25,000,000 of AMPS, series M28 redeemed April 23, 2013 to 'PIF' from 'AAA'.
BIF is a closed-end fund co-advised by Boulder Investment Advisers LLC (BIA) and
Stewart Investment Advisers (SIA).
The redemption of outstanding AMPS took place as part of a refinancing of the
fund's leverage. The fund has arranged a credit facility to finance the
redemption. Borrowings from this credit facility are now the fund's sole source
Fitch Ratings, Inc.
70 West Madison Street
Chicago, IL 60602
Yuriy Layvand, CPA, CFA
Media Relations: Brian Bertsch, New York, Tel: +1 212-908-0549, Email:
Additional information is available at 'www.fitchratings.com'.
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METHODOLOGIES ARE AVAILABLE FROM THIS SITE AT ALL TIMES. FITCH'S CODE OF
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ENTITY CAN BE FOUND ON THE ENTITY SUMMARY PAGE FOR THIS ISSUER ON THE FITCH
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