Boulder Growth & Income Fund, Inc. Announces $225 Million Issuance of Senior Unsecured Notes
November 06, 2020 at 03:00 am IST
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Boulder Growth & Income Fund, Inc. announced that it agreed to issue and sell an aggregate principal amount of $225 million of senior unsecured notes (Notes) in a private placement to certain "accredited investors" pursuant to Section 4(a)(2) of the Securities Act of 1933, as amended. An aggregate principal amount of $225 million of the Notes was issued on November 5, 2020, in three series with maturities of 10-, 12-, and 15-years. The 10-, 12-, and 15-year series will pay interest semi-annually at the rate of 2.62%, 2.72%, and 2.87%, respectively. Interest on the Notes is payable semiannually, on the 5th day of May and November in each year, commencing on May 5, 2021. The proceeds from the Notes will be used for making new portfolio investments and for general corporate purposes.
SRH Total Return Fund, Inc. (the Fund) is a non-diversified closed-end fund with a total return investment objective. The Fund seeks to keep portfolio turnover low, which the sub-adviser believes helps to minimize associated trading costs. The Fund maintains a high level of investment flexibility and has the ability to invest in equity and fixed income securities of domestic and international companies without limitation to a company's market capitalization. The Fund's portfolio includes Berkshire Hathaway, Inc., JPMorgan Chase & Co., State Street Institutional U.S. Government Money Market Fund, Berkshire Hathaway, Inc., Yum! Brands, Inc., Enterprise Products Partners LP, Microsoft Corp., Cisco Systems, Inc., NRG Energy, Inc. and Stanley Black & Decker, Inc. The Fund is managed by its investment adviser, Paralel Advisors LLC.
SRH TOTAL RETURN FUND, INC. 
