Market Overview

Boulder Growth & Income Fund, Inc. Declares Monthly Dividends

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Boulder Growth & Income Fund, Inc. (NYSE:BIF) announced today that its
Board of Directors declared a dividend of $0.034 per common share for
each of the months of August, September and October 2018. These
dividends are being paid as part of BIF's monthly managed distribution
program under which BIF will make per share distributions of $0.034 per
month, or approximately $0.408 per year. As of market close on August 6,
2018, the distribution amounts to approximately 3.7% of market price and
3.1% of net asset value ("NAV") on an annualized basis.

Due to the current discount of BIF's market price to its per share NAV,
and the fact that distributions are made in cash (i.e., at NAV), the
next distribution will be accretive to BIF's market-price-based return.
If shares in BIF continue to trade at a discount at the time of future
distributions, then these distributions will also be accretive to BIF's
market-price-based return. For the months of August, September and
October 2018 the dividend will be payable in cash to stockholders of
record per the following critical dates:

 
Pay Date     Record Date     Ex-Dividend Date     Amount Per Share
August 31, 2018 August 23, 2018 August 22, 2018 $0.034
September 28, 2018 September 21, 2018 September 20, 2018 $0.034
October 31, 2018     October 24, 2018     October 23, 2018     $0.034
 

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 these distributions
may be reportable as taxable income on your 2018 federal income tax
returns. The final tax character of any distribution declared in 2018
will be determined in January 2019 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.

ALPS Portfolio Solutions Distributor, Inc. is the FINRA Member.

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