Boulder Growth & Income Fund, Inc. Announces Results of Reconvened Annual Meeting of Stockholders.BOULDER, Colo. -- The Boulder Growth & Income Fund, Inc. (NYSE NYSE See: New York Stock Exchange : BIF BIF In currencies, this is the abbreviation for the Burundi Franc. Notes: The currency market, also known as the Foreign Exchange market, is the largest financial market in the world, with a daily average volume of over US $1 trillion. ) announced results of its reconvened Annual Meeting of Stockholders held today in Boulder, Colorado. The meeting was previously adjourned with respect to the election of preferred stock Stock shares that have preferential rights to dividends or to amounts distributable on liquidation, or to both, ahead of common shareholders. Preferred stock is given preference over common stock. Holders of preferred stock receive dividends at a fixed annual rate. directors and adoption of the proposed managed distribution policy. At today's meeting, auction market preferred stockholders elected Richard I. Barr and John S. Horejsi each for a one-year term expiring at the 2007 annual meeting. Stockholders further approved a managed distribution policy for the Fund (Proposal 2). Proxies for approximately 61% of the Fund's outstanding shares were voted and, of the proxies voted, over 99% voted in favor of the managed distribution proposal. The Fund intends to declare the first dividend under the managed distribution policy early next week (the week of May 15). All proposals on the Fund's 2006 Proxy Statement Proxy Statement A document containing the information that a company is required by the SEC to provide to shareholders so they can make informed decisions about matters that will be brought up at an annual stockholder meeting. have been approved by stockholders. |
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