Boulder Total Return Fund, Inc. Announces Results of Annual Meeting of Stockholders.

BOULDER, Colo. -- The Boulder Total Return Fund, Inc. (NYSE: BTF) announced results of its Annual Meeting of Stockholders held yesterday in Scottsdale, Arizona. Stockholders elected Richard I. Barr, Dennis R. Causier, Susan L. Ciciora, 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 Proposal 2, to approve new terms of the Fund's taxable auction market preferred stock to facilitate a rating upgrade, the meeting was adjourned until May 12, 2006, to permit further solicitation of the Auction Market Preferred stockholders. 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.