Boulder Total Return Fund, Inc. Announces Results of Reconvened Annual Meeting of Stockholders.BOULDER, Colo. -- The Boulder Total Return Fund, Inc. (NYSE NYSE See: New York Stock Exchange : BTF BTF Back to the Future (movie) BTF Berkshire Theatre Festival (Stockbridge, MA) BTF Blessthefall (band) BTF Bidirectional Texture Function ) announced results of its reconvened Annual Meeting of Stockholders held today in Boulder, Colorado. The meeting was previously adjourned with respect to Proposal 2. Stockholders approved new terms of the Fund's taxable auction market preferred stock Auction Market Preferred Stock (AMPS) A type of Dutch Auction Preferred Stock (A Merrill Lynch product). ("AMPS") to facilitate a rating upgrade (Proposal 2). The Fund is currently leveraged with $77.5 million of AMPS, rated "Aa1" by Moody's Investors Services, Inc. and "AA" from Standard & Poor's. With the approval of the new Articles of Amendment, the Fund intends to pursue a ratings upgrade to "Aaa" and "AAA," respectively. 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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