Boulder Growth & Income Fund, Inc. Rights Offering Declared Effective.Business Editors BOULDER, Colo.--(BUSINESS WIRE)--Nov. 22, 2002 The N-2 Registration Statement for the Rights Offering by 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. ) was declared effective today by the SEC. The Record Date for the Rights Offering, as previously indicated, will be November 29, 2002. The transferable one for one Rights Offering will permit holders of each Right to acquire one new share of the Fund at a subscription price equal to 95% of the lesser of net asset value at the expiration date Expiration Date The day on which an options or futures contract is no longer valid and, therefore, ceases to exist. Notes: The expiration date for all listed stock options in the U.S. , or the volume weighted average market price on the expiration date of the offering and the four previous days. Only record date shareholders can participate in the oversubscription privilege Oversubscription privilege In a rights issue, arrangement by which shareholders are given the right to apply for any shares that are not taken up. oversubscription privilege . It is anticipated that Rights will begin trading on the NYSE on or about November 27, 2002. The Rights will trade under the symbol "BIF.RT" on the NYSE. Shares of the Fund's common stock will trade Ex-Rights on the day following the day that the Rights begin trading. The Rights are expected to be distributed on or about December 3, 2002. The expiration of the Rights is expected to be Friday, December 20, 2002, at 5:00 p.m. New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of time, unless the Fund determines to extend the subscription period beyond this date. The prospectus for the Rights Offering is expected to be mailed on or about November 29, 2002. |
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