Boulder Growth & Income Fund, Inc. Announces Results of Annual Meeting of Stockholders.

BOULDER, Colo. -- The Boulder Growth & Income Fund, Inc. (NYSE:BIF) announced results of its Annual Meeting of Stockholders held yesterday in Scottsdale, Arizona.

Common stockholders elected Dennis R. Causier, Dr. Dean L. Jacobson and Joel W. Looney each for a one-year term expiring at the 2007 annual meeting. Stockholders further approved an amendment to the Fund's charter to provide that the number of directors of the Fund shall be five, subject to the provisions of any class or series of Preferred Stock. With respect to election of the Auction Market Preferred Stock Directors (Messrs. Barr and Horejsi) the meeting was adjourned until May 12, 2006, to permit further solicitation of the holders of the Auction Market Preferred Stock. Proposal 2, to approve a managed distribution policy, was also adjourned until May 12, 2006, to allow stockholders additional time to vote on this proposal given the late mailing date for the proxy materials and the Board's desire to provide all shareholders with ample opportunity to vote on this matter. As of the original meeting date, proxies for approximately 51% of the Fund's outstanding shares had been received, with over 98.5% of such proxies voting in favor of the proposal.

The meeting will be reconvened at 9:00 a.m. local time at the Fund's corporate offices in Boulder, Colorado, located at 1680 38th Street, Suite 800.