Sec Form 4 Filing - LOLA BROWN TRUST 1B @ BOULDER GROWTH & INCOME FUND - 2020-01-16

FORM 4 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) 01/16/2020 (Street) ANCHORAGE, AK99503 4. If Amendment, Date Original Filed (MM/DD/YY) 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 01/16/2020 S 5,678,000 ( 1 ) D $ 11.87 11,053,365 D ( 1 ) ( 2 ) ( 3 )

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 01/21/2020 Signature of Reporting Person Date President Peak Trust Company, Trustee of the Trust 01/21/2020 Signature of Reporting Person Date /s/ Stewart R. Horejsi 01/21/2020 Signature of Reporting Person Date

Explanation of Responses:

( 1 )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. ( 2 )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. ( 3 )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.

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* If the form is filed by more than one reporting person, see Instruction 4(b)(v).

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