Every material Form 8-K SRH Total Return Fund, Inc. has filed with the SEC since August 10, 2017, read and summarized by AI: what happened, the key figures, whether it reads positive or negative for shareholders, and how big a deal it is (impact 1-5). Newest first; each brief links to its own page and to the filing on SEC.gov.
Boulder Growth & Income Fund, Inc. will rename itself SRH Total Return Fund, Inc. and trade under the ticker STEW starting April 4, 2022, replacing BIF. The board says the new name better describes the fund's total return objective, and the filing states the amendments only serve to effect the name change, with no changes to investment objectives or strategy. Stewart Horejsi, a primary portfolio manager since January 2002, retires effective April 1, 2022, while Joel Looney and Jacob Hemmer continue in their roles.
Name changes from Boulder Growth & Income Fund, Inc. to SRH Total Return Fund, Inc., effective April 4, 2022
Ticker changes from BIF to STEW on the New York Stock Exchange; CUSIP 101507101 is unchanged
Stewart Horejsi retires as a primary portfolio manager effective April 1, 2022; he served since January 2002
Joel Looney and Jacob Hemmer will continue as portfolio managers, collectively responsible for day-to-day management
The Board approved a new investment advisory agreement with Paralel Advisors LLC to replace ALPS Advisors, Inc., and a new administration agreement with Paralel Technologies LLC to replace ALPS Fund Services, Inc. The advisory agreements take effect only after shareholder approval, and the filing says the changes would lower the fees the fund pays. The filing text refers to the Boulder Growth & Income Fund, Inc., while the filer is listed as SRH Total Return Fund, Inc.
Advisory fee would be 0.90% of the first $2 billion of average Managed Assets and 0.80% above that, versus 0.95% under the current agreement.
Administration fee would be 0.09% of the first $2 billion of average Managed Assets, versus 0.10% currently; the new administration agreement is effective November 22, 2021.
Sub-advisor Rocky Mountain Advisors, LLC stays in place; its sub-advisory fee would be 0.77% versus 0.8125% currently.
Advisory agreements require approval at a special shareholder meeting; interim agreements run until the earlier of 150 days from November 22, 2021 or shareholder approval.
The board approved a First Amendment to the bylaws at its August 1, 2017 meeting, effective that day, making Maryland state and federal courts the exclusive forum for actions against the company, which had no prior bylaw naming a forum. The filing's text names Boulder Growth & Income Fund, Inc. as the Corporation, while the filer is listed as SRH Total Return Fund, so shareholders may want to confirm which entity the amendment covers.
Board approved the First Amendment to the Amended and Restated Bylaws at its August 1, 2017 meeting; effective August 1, 2017.
Amendment designates state and federal courts located in Maryland as the exclusive forum for bringing actions against the Corporation.
Full text is filed as Exhibit 3.1; the filing is signed by Stephen C. Miller, President, dated August 10, 2017.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.
Only material 8-Ks get a brief: results, deals, executive changes, restructuring, impairments, delisting notices, restatements, cybersecurity incidents and other disclosed events. Routine filings (vote results, exhibits only) are skipped. Every SRH Total Return Fund, Inc. filing is on SEC EDGAR ↗. 8-K briefs of other companies →