BIF - This Discounted Blue Chip Closed-End Fund Continues To Beat The Market
I've written several articles about Boulder Growth and Income (BIF) and thought I would provide an update about some recent developments.
Brendon Fischer recently published the BIF annual report where he reviewed the fund's performance and described how the fund has been re-positioned:
- The fund sold several positions: Mattel, C.K. Hutchinson, Goldman Sachs, Yum China, Harris Corp., Freeport-McMoRan and Community Bank. Most of the proceeds were invested into cash equivalents to take a more defensive posture.
There were two other actions taken that are quite shareholder friendly:
- The fund decided to pay down about