4//SEC Filing
ERNEST HOREJSI TRUST NO 1B 4
Accession 0001091477-19-000001
CIK 0000102426other
Filed
Apr 10, 8:00 PM ET
Accepted
Apr 11, 5:19 PM ET
Size
9.8 KB
Accession
0001091477-19-000001
Insider Transaction Report
Form 4
ERNEST HOREJSI TRUST NO 1B
10% Owner
Transactions
- Sale
COMMON STOCK
2019-04-10$10.96/sh−1,365,044$14,960,882→ 12,689,062 total - Sale
COMMON STOCK
2019-04-10$10.96/sh−2,319,048$25,416,766→ 14,054,106 total
Footnotes (3)
- [F1]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.
- [F2]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.
- [F3]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.
Documents
Issuer
BOULDER GROWTH & INCOME FUND
CIK 0000102426
Entity typeother
Related Parties
1- filerCIK 0001091477
Filing Metadata
- Form type
- 4
- Filed
- Apr 10, 8:00 PM ET
- Accepted
- Apr 11, 5:19 PM ET
- Size
- 9.8 KB