Boulder Growth & Income Fund, Inc. (the Fund) is a non-diversified, closed-end management company. The Fund's investment objective is total return. The Fund seeks to produce both long-term capital appreciation through investment in common stocks and high current income consistent with preservation of capital through investments in income producing securities. The Fund is concentrated in real estate related companies (RERCs), which means it must invest more than 25% of its total assets in REITs and other companies in the real estate industry.the Fund invests at least 80% of its net assets in common stocks. Common stocks include dividend-paying closed-end funds and real estate investment trusts (REITs). The Fund also invests in fixed-income securities, such as the United States Government securities, preferred stocks and bonds. Boulder Investment Advisers, L.L.C. and Stewart Investment Advisers are the Fund's co-investment advisers.