Board Considering Rights Offering for Boulder Total Return Fund, Inc.Business Editors BOULDER, Colo.--(BUSINESS WIRE)--Jan. 23, 2003 The Boulder Total Return Fund, Inc. (NYSE NYSE See: New York Stock Exchange : BTF BTF Back to the Future (movie) BTF Berkshire Theatre Festival (Stockbridge, MA) BTF Blessthefall (band) BTF Bidirectional Texture Function ) announced today that its Board of Directors is considering approval of a rights offering for the Fund. At a regularly scheduled Board of Directors meeting held on January 21, 2003, the Board commissioned management to prepare a formal proposal regarding the feasibility of an offering for presentation at the next Board meeting, currently scheduled for April 2003. Based on the Board's initial discussions, the rights offering would not exceed a one-for-three ratio, which would otherwise require shareholder approval. The Boulder Total Return Fund, Inc. is a closed-end, diversified diversified (di·verˑ·s management investment company. The Fund currently has 9,416,743 shares of common stock outstanding. As of Friday, January 17, 2003, the Fund's NAV See navigation system and navigation bar. was $14.71 and the closing market price was $4.75. |
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