Boulder Growth & Income Fund Inc.

District of Colorado, CO: (Jul-06-07) A class action filed in May 2007 against Boulder Growth & Income Fund Inc. and its directors, investment advisers, and portfolio manager has been dismissed with prejudice. The suit was filed in the United States District Court for the District of Colorado. The plaintiff in the lawsuit withdrew the complaint and agreed not to pursue further claims against the fund, its directors, investment advisers, and portfolio manager. Boulder Growth & Income also said there were no settlement payments involved in the withdrawal of the lawsuit and the parties will assume their respective legal fees subject to any applicable insurance reimbursement to the fund and the other defendants. [BUSINESS WIRE: SECURITIES DISMISSED]