SCHEDULE 14A INFORMATION
Proxy Statement Pursuant to Section 14(a) of the Securities Exchange Act of 1934
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[ ] Soliciting Material Pursuant to Sec. 240.14a-12
BOULDER GROWTH & INCOME FUND, INC.
(Name of Registrant as Specified In Its Charter)
Stephen C. Miller
2344 Spruce Street, Suite A
Boulder, Colorado 80302
(303) 442-2156
(Name of Person(s) Filing Proxy Statement)
Payment of Filing Fee (Check the appropriate box):
[ X ] No fee required.
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[GRAPHIC OMITTED] BOULDER GROWTH & INCOME FUND, INC.
2344 SPRUCE STREET, SUITE A
BOULDER, COLORADO 80302
April 4, 2007
Dear Stockholder:
Proxy material for our April 27, 2007 Annual Meeting of Stockholders was mailed
to you a few weeks ago. Our records indicate that we have not yet received your
signed proxy card or electronic vote.
Your vote is important. With the Annual Meeting now only a short time away,
please act today to be sure your shares are voted in accordance with your
wishes. You can vote by telephone, Internet or mail. For your convenience, a
duplicate proxy card and return envelope are enclosed, along with telephone and
Internet voting instructions.
There is one non-routine proposal contained in this year's Proxy, Proposal 2,
which changes the Fund's current industry concentration policy and clarifies and
expands the scope of real estate companies that can be included in determining
the threshold under the Fund's investment restriction regarding industry
concentration. Under its present investment restriction, the Fund cannot invest
more than 25% of its assets in the same industry except with respect to real
estate investment trusts ("REITs") and related companies in the same industry as
REITS (the "Industry Restriction"). In addition, the Fund has adopted a policy
to concentrate in REITs and related companies, pursuant to which it must, under
normal market conditions, invest more than 25% of its assets in REITs and
related companies. Proposal 2 amends the Industry Restriction so that the Fund
is permitted to include a broader range of real estate related companies in
determining compliance with the Industry Restriction rather than solely REITs
and related companies. Proposal 2 designates "real estate related companies"
rather than REITs as the "industry" with respect to which the Fund can exceed
the 25% limitation. "Real estate related companies" would include REITs, but
would also include a much broader range of equity and/or debt securities of
companies in or primarily servicing the real estate industry or deriving a
substantial portion of their revenue from, or having a substantial portion of
their assets invested in, real estate. Proposal 2 is a change to a fundamental
investment policy of the Fund and thus its adoption requires the affirmative
vote of a majority of the Fund's stockholders.
If you already have voted, we thank you for your prompt response. If you have
not voted, we encourage you to do so without delay. Your vote is needed and
valued, regardless of the number of shares you own. In the event that two
proxies are received from you, the one bearing the latest date will be counted,
as it automatically revokes all prior proxies.
Thank you for voting!
Sincerely,
/s/ Stephanie Kelley
STEPHANIE KELLEY
Secretary
[EMAIL VERSION]
[GRAPHIC OMITTED] BOULDER GROWTH & INCOME FUND, INC.
2344 SPRUCE STREET, SUITE A
BOULDER, COLORADO 80302
April 4, 2007
Dear Stockholder:
Proxy material for our April 27, 2007 Annual Meeting of Stockholders was mailed
to you a few weeks ago.
Your vote is important. With the Annual Meeting now only a short time away,
please act today to be sure your shares are voted in accordance with your
wishes. You can vote by telephone, Internet or mail.
There is one non-routine proposal contained in this year's Proxy, Proposal 2,
which changes the Fund's current industry concentration policy and clarifies and
expands the scope of real estate companies that can be included in determining
the threshold under the Fund's investment restriction regarding industry
concentration. Under its present investment restriction, the Fund cannot invest
more than 25% of its assets in the same industry except with respect to real
estate investment trusts ("REITs") and related companies in the same industry as
REITS (the "Industry Restriction"). In addition, the Fund has adopted a policy
to concentrate in REITs and related companies, pursuant to which it must, under
normal market conditions, invest more than 25% of its assets in REITs and
related companies. Proposal 2 amends the Industry Restriction so that the Fund
is permitted to include a broader range of real estate related companies in
determining compliance with the Industry Restriction rather than solely REITs
and related companies. Proposal 2 designates "real estate related companies"
rather than REITs as the "industry" with respect to which the Fund can exceed
the 25% limitation. "Real estate related companies" would include REITs, but
would also include a much broader range of equity and/or debt securities of
companies in or primarily servicing the real estate industry or deriving a
substantial portion of their revenue from, or having a substantial portion of
their assets invested in, real estate. Proposal 2 is a change to a fundamental
investment policy of the Fund and thus its adoption requires the affirmative
vote of a majority of the Fund's stockholders.
If you already have voted, we thank you for your prompt response. If you have
not voted, we encourage you to do so without delay. Your vote is needed and
valued, regardless of the number of shares you own. In the event that two
proxies are received from you, the one bearing the latest date will be counted,
as it automatically revokes all prior proxies.
Thank you for voting!
Sincerely,
STEPHANIE KELLEY
Secretary