Ownership Submission
FORM 4
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940
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(Print or Type Responses)
1. Name and Address of Reporting Person *
ERNEST HOREJSI TRUST NO 1B
   2. Issuer Name and Ticker or Trading Symbol
BOULDER GROWTH & INCOME FUND [BIF] 		5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
_____ Director __X__ 10% Owner
_____ Officer (give title below) _____ Other (specify below)
(Last)
(First)
(Middle)
C/O PEAK TRUST COMPANY, 3000 A STREET, SUITE 200		 3. Date of Earliest Transaction (Month/Day/Year)
04/10/2019
(Street)

ANCHORAGE, AK 99503		 4. If Amendment, Date Original Filed(Month/Day/Year)
 6. Individual or Joint/Group Filing(Check Applicable Line)
___ Form filed by One Reporting Person
_X_ Form filed by More than One Reporting Person
(City)
(State)
(Zip)
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3)		 2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction Code
(Instr. 8)		 4. Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)		 5. Amount of Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 3 and 4)		 6. Ownership Form: Direct (D) or Indirect (I)
(Instr. 4)		 7. Nature of Indirect Beneficial Ownership
(Instr. 4)
Code V Amount (A) or (D) Price
COMMON STOCK 04/10/2019   S   2,319,048 (1) D $ 10.96 14,054,106 D (2) (3)  
COMMON STOCK 04/10/2019   S   1,365,044 (1) D $ 10.96 12,689,062 D (2) (3)  

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
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Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security
(Instr. 3)		 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year) 3A. Deemed Execution Date, if any (Month/Day/Year) 4. Transaction Code
(Instr. 8)		 5. Number of Derivative Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4, and 5)		 6. Date Exercisable and Expiration Date
(Month/Day/Year)		 7. Title and Amount of Underlying Securities
(Instr. 3 and 4)		 8. Price of Derivative Security
(Instr. 5)		 9. Number of Derivative Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 4)		 10. Ownership Form of Derivative Security: Direct (D) or Indirect (I)
(Instr. 4)		 11. Nature of Indirect Beneficial Ownership
(Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares

Reporting Owners

Reporting Owner Name / Address Relationships
 Director  10% Owner  Officer  Other
ERNEST HOREJSI TRUST NO 1B
C/O PEAK TRUST COMPANY
3000 A STREET, SUITE 200
ANCHORAGE, AK 99503		     X    
HOREJSI STEWART R
2121 E. CRAWFORD PLACE
SALINA, KS 67401		     X    

Signatures

 /s/ Matthew Blattmachr, President, Peak Trust Company, trustee of the Ernest Horejsi Trust No. 1B   04/11/2019
**Signature of Reporting Person Date
 /s/ Stewart R. Horejsi   04/11/2019
**Signature of Reporting Person Date

Explanation of Responses:

* If the form is filed by more than one reporting person, see Instruction 4(b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
(1) On April 10, 2019, the Reporting Person transferred shares (the "Shares") of Boulder Growth & Income Fund, Inc. to two affiliated trusts, Lola Brown Trust No. 1B ("LBT") and Susan L. Ciciora Trust ("SLCT"). LBT and SLCT received 2,319,048 and 1,365,044 Shares, respectively. The Shares were valued at $10.96 per share based on the closing price reported for such shares by the New York Stock Exchange on April 9, 2019. The transfers were made in lieu of cash repayment with respect to two intra-trust loans between the Reporting Person as borrower and LBT as lender in the amount of $25,416,766 and the Reporting Person as borrower and SLCT as lender in the amount of $14,960,882.
(2) The trustees of the Reporting Person (also referred to herein as the ("Trust") are Peak Trust Company-AK ("PTC"), Susan L. Ciciora and Brian Sippy, MD. Such trustees may be deemed to control the Trust and may be deemed to possess indirect beneficial ownership of the shares held by the Trust. However, none of the trustees, acting alone, can vote or exercise dispositive authority over shares held by the Trust. Accordingly, PTC, Ms. Ciciora and Dr. Sippy disclaim beneficial ownership of the shares beneficially owned, directly or indirectly, by the Trust. In addition to serving as a trustee, Ms. Ciciora is also a beneficiary of the Trust. As a result of his advisory role with the Trust, Stewart R. Horejsi may be deemed to have indirect beneficial ownership of the shares directly beneficially owned by the Trust. However, Mr. Horejsi disclaims such beneficial ownership of the shares directly beneficially held by the Trust.
(3) The Trust and trusts, persons and entities affiliated with the Trust, including Lola Brown Trust No. 1B, Mildred B. Horejsi Trust, Stewart West Indies Trust, Stewart R. Horejsi Trust No. 2, Susan L. Ciciora Trust and Susan L. Ciciora own an aggregate of 45,384,254 shares of BIF.

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