Boulder Total Return Fund Announces Monthly Distributions

The Boulder Total Return Fund, Inc. (NYSE: BTF) announced today that its Board of Directors has declared a monthly common stock distribution of $0.273 per share for the months of August, September and October, 2008. As such, the August distribution will be payable August 29, 2008, to holders of record on August 22, 2008; the September distribution will be payable September 30, 2008, to holders of record as of September 23, 2008; and, the October distribution will be payable October 31, 2008, to holders of record as of October 24, 2008.

The $0.273 per share monthly dividend is equivalent to 19.3% of the Fund's per share market price and 18.3% of the Funds most recent net asset value of $17.90 per share, both on an annualized basis. Management expects that the distribution paid for August, September and October will consist almost entirely of a return of capital to stockholders. However, this could change at any time. A return of capital represents a return of a stockholders original investment in the Funds shares and should not be confused with a dividend yield. An IRS Form 1099-DIV will be sent to stockholders indicating the final tax characteristic of the distributions they received in 2008. The distributions may consist of ordinary income, if any, long-term capital gains, if any, short-term capital gains, if any, and return of capital, if any. To the extent stockholders receive a return of capital they will be required to adjust their cost basis by the same amount upon the sale of their Fund shares. Stockholders should seek their own tax advice regarding the reporting of income and the gain or loss on the sale of the Funds shares.

Although the Fund may indicate what it expects the tax characteristics of its distributions to be, it is subject to change depending on a number of factors, including market conditions throughout the year and the magnitude of income and realized gains for the year. Stockholders can expect to receive tax-reporting information for distributions from either their brokers or from the Fund's transfer agent indicating the exact composition per share of the dividends and distributions received during the calendar year. Stockholders should consult their tax advisor for proper tax treatment of the Fund's distributions.


Boulder Investment Advisers, LLC for
Boulder Total Return Fund, Inc.
Nicole Murphey, 303-449-0426
Related Stocks:
Stock Market XML and JSON Data API provided by FinancialContent Services, Inc.
Nasdaq quotes delayed at least 15 minutes, all others at least 20 minutes.
Markets are closed on certain holidays. Stock Market Holiday List
By accessing this page, you agree to the following
Privacy Policy and Terms and Conditions.
Press Release Service provided by PRConnect.
Stock quotes supplied by Six Financial
Postage Rates Bots go here