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Boulder Total Return Fund Inc
Boulder Total Return Fund, Inc. is a publicly traded company on the American stock exchange. It is a non-diversified, closed-end investment firm that invests primarily in corporate debt securities, with a focus on middle-market businesses in the United States. The fund aims to generate a high total return for its investors by way of a combination of income and capital appreciation.
The fund' "Boulder Total Return Fund" was formed in 2011 and is managed by Boulder Investment Advisors, LLC. It has $1.69 billion in total assets, with a net asset value of $270.50 million as of March 3, 2023, and trades on the New York Stock Exchange (NYSE) under the ticker symbol "BTO".
The fund invests primarily in the debt securities of middle-market organizations in the United States, targeting senior secured loans and, to a lesser extent, subordinated debt and equity securities. The fund also purchases loans of medium-sized firms, senior secured loans, high-yield bonds, and other debt instruments issued by large corporations.
Boulder Total Return Fund focuses on middle-market firms with strong promoters and management teams possessed strong fundamental strengths. The fund's investment strategy focuses on businesses, industries, and sectors that have the greatest potential for growth. Boulder Total Return Fund invests in businesses that operate in sectors that have shown strong profitability and provide a high return on investment.
The Boulder Total Return Fund Inc. has $271.4 million in total assets, a net asset value of $270.50 million, and a one-year return of 10.41%, as of March 3, 2023. The fund's top holdings include Corp Ps/Int Shs (12.83%), First Lien Loan 09/22 (4.98%), InterDigital Wireless Inc (4.84%), Telular Corp (4.48%), and MP Midco LLC/Mech, according to their most recent filing.
Trading of the fund's stock has modest volume, with an average daily trading volume of 54,060 shares. Boulder Total Return Fund Inc has a trailing 12-month dividend yield of 8.97% and pays a monthly dividend. The organization has a payout ratio of $11.25 over the past year and a payout ratio of 75.93%.