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Boulder Total Return Fund, Inc. Announces Rating Upgrades to 'AAA' on Its Taxable Auction Market Preferred Stock.


BOULDER, Colo. -- The Boulder Total Return Fund, Inc. (NYSE:BTF BTF - Back to Front
BTF - Back to the Future (movie)
BTF - Balance Transfer Facility
BTF - Battalion Task Forces
BTF - Behind the Firewall
BTF - Bench Test Fixtures
BTF - Bet The Farm (as in a bet the farm project for a company)
BTF - Beyond the Floor (environment)
BTF - Biotechnology Facility
BTF - Black Terror Fighters (gaming clan)
BTF - Boiler Tube Failure
BTF - Bons du Trésor à Taux Fixe et à Intérêts Précomptés (French Government Bills)
) is pleased to announce that the Fund's taxable auction market
Auction Market
A market in which buyers enter competitive bids and sellers enter competitive offers at the same time.

Notes:
Practically every securities exchange in the world is an example of this.
See also: Nasdaq, NYSE, TSE
 preferred stock ("AMPs") has received an upgrade in its rating from Moody's Investors Services from 'Aa1' to 'Aaa' and in its rating from Standard & Poor's from 'AA' to 'AAA.' The Fund is currently leveraged with $77.5 million of AMPs. Triple-A ratings assigned to the preferred shares are based on an assessment that the market value of the underlying assets of the portfolio is sufficient to provide the highest asset protection to investors in the preferred stock. These assets serve to collateralize the preferred shares, as well as the related dividend obligations. To meet the triple-A rating guidelines by both agencies, the Fund adheres to various eligibility and diversification limitations that supplement regulatory requirements of the Investment Company Act of 1940, as amended (the "1940 Act"), mandating an asset coverage ratio of 200% to cover the Fund's liabilities. Based on assets as of July 30, 2006, the Fund maintained a 1940 Act asset coverage ratio
Coverage Ratio
A type of accounting ratio that helps measure a company's ability to meet its obligations satisfactorily.

Notes:
A coverage ratio encompasses many different types of financial ratios. Typically, these kinds of ratios involve a comparison of assets and liabilities. The better the assets "cover" the liabilities, the better off the company is.
Asset Coverage Ratio
A test that determines a company's ability to cover debt obligations with its assets after all liabilities have been satisfied. It is calculated as the following:



Notes:
When calculating the asset coverage ratio, investors should exercise caution with respect to asset value.
 of 430%.
COPYRIGHT 2006 Business Wire
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Copyright 2006, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

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Comment:Boulder Total Return Fund, Inc. Announces Rating Upgrades to 'AAA' on Its Taxable Auction Market Preferred Stock.
Publication:Business Wire
Geographic Code:1USA
Date:Aug 1, 2006
Words:177
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