Sec Form 4/A Filing - LOLA BROWN TRUST 1B @ BOULDER GROWTH & INCOME FUND - 2020-06-18

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FORM 4/A
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP
Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940
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1. Name and Address of Reporting Person
LOLA BROWN TRUST 1B
2. Issuer Name and Ticker or Trading Symbol
BOULDER GROWTH & INCOME FUND [ BIF]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
_____ Director X __ 10% Owner
_____ Officer (give title below) _____ Other (specify below)
(Last) (First) (Middle)
C/O ALASKA TRUST COMPANY, 3000 A STREET SUITE 200
3. Date of Earliest Transaction (MM/DD/YY)
06/18/2020
(Street)
ANCHORAGE, AK99503
4. If Amendment, Date Original Filed (MM/DD/YY)
06/16/2020
6. Individual or Joint/Group Filing (Check Applicable Line)
__ X __ Form filed by One Reporting Person
_____ Form filed by More than One Reporting Person
(City) (State) (Zip)
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3)
2. Transaction Date (MM/DD/YY) 2A. Deemed Execution Date, if any (MM/DD/YY) 3. Transaction Code
(Instr. 8)
4. Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)
5. Amount of Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 3 and 4)
6. Ownership Form: Direct (D) or Indirect (I)
(Instr. 4)
7. Nature of Indirect Beneficial Ownership
(Instr. 4)
Code V Amount (A) or (D) Price
COMMON STOCK 06/18/2020( 1 ) S 906,998 ( 2 ) ( 3 ) D $ 9.535 10,146,367 D ( 4 ) ( 5 )
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
( e.g. , puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security
(Instr. 3)
2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (MM/DD/YY) 3A. Deemed Execution Date, if any (MM/DD/YY) 4. Transaction Code
(Instr. 8)
5. Number of Derivative Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4, and 5)
6. Date Exercisable and Expiration Date
(MM/DD/YY)
7. Title and Amount of Underlying Securities
(Instr. 3 and 4)
8. Price of Derivative Security
(Instr. 5)
9. Number of Derivative Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 4)
10. Ownership Form of Derivative Security: Direct (D) or Indirect (I)
(Instr. 4)
11. Nature of Indirect Beneficial Ownership
(Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Reporting Owners
Reporting Owner Name / Address Relationships
Director 10% Owner Officer Other
LOLA BROWN TRUST 1B
C/O ALASKA TRUST COMPANY
3000 A STREET SUITE 200
ANCHORAGE, AK99503
X
Signatures
/s/ Matthew Blattmachr 06/22/2020
Signature of Reporting Person Date
President Peak Trust Company, Trustee of the Trust 06/22/2020
Signature of Reporting Person Date
Stewart R. Horejsi 06/22/2020
Signature of Reporting Person Date
Explanation of Responses:
( 1 )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.
( 2 )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").
( 3 )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.
( 4 )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.
( 5 )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

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