# EDGAR Filing Document

**Accession Number:** 0002023164
**File Stem:** 0001580642-26-003104
**Filing Date:** 2026-5
**Character Count:** 80940
**Document Hash:** 609410225df4c1dc2f747c90d5b468ea
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001580642-26-003104.hdr.sgml**: 20260508

**ACCESSION NUMBER**: 0001580642-26-003104

**CONFORMED SUBMISSION TYPE**: N-CSRS

**PUBLIC DOCUMENT COUNT**: 4

**CONFORMED PERIOD OF REPORT**: 20260228

**FILED AS OF DATE**: 20260508

**DATE AS OF CHANGE**: 20260508

**EFFECTIVENESS DATE**: 20260508

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Booster Income Opportunities Fund
- **CENTRAL INDEX KEY:** 0002023164

**ORGANIZATION NAME:**
- **EIN:** 000000000
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** N-CSRS
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-23966
- **FILM NUMBER:** 26957913

**BUSINESS ADDRESS:**
- **STREET 1:** 1745 S NAPERVILLE RD.
- **STREET 2:** SUITE 200
- **CITY:** WHEATON
- **STATE:** IL
- **ZIP:** 60189
- **BUSINESS PHONE:** 404-736-7802

**MAIL ADDRESS:**
- **STREET 1:** 1745 S NAPERVILLE RD.
- **STREET 2:** SUITE 200
- **CITY:** WHEATON
- **STATE:** IL
- **ZIP:** 60189

UNITED STATES<br> SECURITIES AND EXCHANGE COMMISSION<br> WASHINGTON, D.C. 20549

**FORM N-CSR**

**CERTIFIED SHAREHOLDER REPORT OF REGISTERED MANAGEMENT<br> INVESTMENT COMPANIES**

Investment Company Act file number <u>811-23966</u>

<u>Booster Income Opportunities Fund</u> <br> (Exact name of registrant as specified in charter)

<u>1745 S Naperville Road, Suite 200 Wheaton, IL</u> <u>60189</u> <br> (Address of principal executive offices) (Zip code)

<u>The Corporation Trust Company</u> <br> <u>Corporation Trust Center 1209 Orange Street Wilmington, New Castle County, DE 19801</u> <br> (Name and address of agent for service)

Registrant's telephone number, including area code: <u>631-470-2619</u>

Date of fiscal year end: <u>8/31</u> <br>Date of reporting period: <u>02/28/2026</u>

**Item 1. Reports to Stockholders.** 

(a) Long Form Financial Statements

![(BOOSTER LOGO)](ga001_v1.jpg)

---

| |
|:---|
| **Booster Income Opportunities Fund** |
| Symbol: BAMIX |
| <u>www.boosterincomefund.com</u> |
| Semi-Annual Financial Statements and |
| Additional Information |
| February 28, 2026 |

---

Investors should consider the investment objectives, risks, charges and expenses of the Fund carefully before investing. This and other information is contained in the Fund's prospectus. Please read the prospectus carefully before you invest or send money. Fund shares are not FDIC insured and are not deposits or other obligations of, or guaranteed by, any bank. Fund shares involve investment risk, including possible loss of principal. You may find the prospectus documents for free by calling toll-free (+1-833-510-8133) or visiting www.boosterincomefund.com.

Distributed by Ultimus Fund Distributors, LLC.

---

| |
|:---|
| **Booster Income Opportunities Fund** |
| **PORTFOLIO REVIEW (Unaudited)** |
| **February 28, 2026** |

---

**The Fund's Performance Figures for the Periods Ending February 28, 2026 Compared to Its Benchmarks:** 

---

| | | | |
|:---|:---|:---|:---|
|  | <br>Six Months (a) | <br>One Year (a) | Average<br>Annual Return<br>Since Inception (a) |
| Booster Income Opportunities Fund: |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Class Y \* | 3.99% | 6.95% | 6.20% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Bloomberg U.S. Aggregate Bond Index | 2.84% | 6.26% | 6.99% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Bloomberg U.S. Corporate High Yield Index | 3.99% | 7.18% | 7.45% |

---

\* Class Y commenced operations on November 15, 2024.

(a) Total
returns are calculated based on unadjusted NAVs. Total returns for periods less than one year are not annualized.

The Bloomberg U.S. Aggregate Bond Index is a broad-based benchmark that measures the investment grade, U.S. dollar-denominated, fixed-rate taxable bond market, including Treasuries, government-related and corporate securities, MBS (agency fixed-rate and hybrid ARM pass-throughs), ABS, and CMBS. The Bloomberg U.S. Aggregate Bond Index rolls up into other Bloomberg Capital flagship indices such as the multi-currency Global Aggregate Index and the U.S. Universal Index, which includes high yield and emerging markets debt. Investors cannot invest directly in an index or benchmark.

The Bloomberg U.S. Corporate High Yield Bond Index measures the USD-denominated, high yield, fixed-rate corporate bond market. Securities are classified as high yield if the middle rating of Moody's, Fitch and S&P is Ba1/BB+/BB+ or below. Bonds from issuers with an emerging markets country of risk, based on the indices' EM country definition, are excluded. The U.S. Corporate High Yield Index is a component of the U.S. Universal and Global High Yield Indices. Investors cannot invest directly in an index or benchmark.

The performance data quoted here is historical in nature. Past performance is no guarantee of future results. The investment return and principal value of an investment will fluctuate. An investor's shares, when redeemed, may be worth more or less than the original cost. Total return is calculated assuming reinvestment of all dividends and distributions. Total returns would have been lower had the Adviser not waived its fees and reimbursed a portion of the Fund's expenses. The Fund's total gross annual operating expense, including underlying funds, is 3.80% before fee waivers, per the Fund's January 1, 2026, prospectus, as amended. After fee waivers, the Fund's total annual operating expenses is 1.92% for Class Y. The Adviser and the Fund have also entered into an expense limitation and reimbursement agreement (the Expense Limitation Agreement) under which the Adviser has agreed contractually to waive its fees and to pay or absorb the ordinary annual operating expenses of the Fund (including all organizational and offering expenses, but excluding taxes, interest, brokerage commissions, incentive fees, acquired fund fees and expenses and extraordinary expenses), to the extent that they exceed 1.75% per annum of the Fund's average daily net assets attributable to Class Y shares (the Expense Limitation). In consideration of the Adviser's agreement to limit the Fund's expenses, the Fund has agreed to repay the Adviser in the amount of any fees waived and Fund expenses paid or absorbed, subject to the limitations that: (1) the reimbursement for fees and expenses will be made only if payable not more than three years from the date in which they were incurred; and (2) the reimbursement may not be made if it would cause the lesser of the Expense Limitation in place at the time of waiver or at the time of reimbursement to be exceeded. The Expense Limitation Agreement will remain in effect at least until December 31, 2026, unless and until the Board approves its modification or termination. This agreement may be terminated only by the Fund's Board on 60 days' written notice to the Adviser. The performance data does not reflect the deduction of taxes that a shareholder would have to pay on Fund distributions or the redemption of Fund shares. For performance information current to the most recent month-end, please call 1-833-510-8133.

---

| | |
|:---|:---|
| **Portfolio Analysis as of February 28, 2026** | **Portfolio Analysis as of February 28, 2026** |
| **Sector** | **Percent of Net Assets** |
| Structured Notes | 95.7% |
| Short-Term Investment | 4.6% |
| Liabilities in Excess of Other Assets | (0.3)% |
| Total | 100.0% |

---

---

| |
|:---|
| **Booster Income Opportunities Fund** |
| **PORTFOLIO OF INVESTMENTS (Unaudited)** |
| **February 28, 2026** |

---

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Principal**<br>**Amount ($)** |  | <br>**Reference Asset** | <br>**Coupon Rate (%)** | <br>**Maturity Date** |<br>**Fair Value** |
|  | **STRUCTURED NOTES - 95.7%** |  |  |  |  |
|  | **INSTITUTIONAL FINANCIAL SERVICES - 95.7%** |  |  |  |  |
| 2000000 | Bank of Montreal Structured Note<sup>(b)</sup> | RTY,NDX, SX5E | 12.65% | 12/11/2026 | $1969000 |
| 6000000 | Bank of Montreal Structured Note<sup>(b)</sup> | RTY,NDX, SX5E | 0%\* | 2/11/2028 | 5958000 |
| 17000000 | Barclays Bank plc Structured Note<sup>(b)</sup> | RTY,NDX, SX5E | 0%\* | 8/5/2027 | 16947300 |
| 12000000 | BBVA Global Securities Structured Note<sup>(b)</sup> | SX5E, RTY, NDX | 13.00% | 9/9/2026 | 11812800 |
| 4000000 | BBVA Global Securities Structured Note<sup>(b)</sup> | SX5E, RTY, NDX | 14.00% | 11/11/2026 | 3905600 |
| 5000000 | BNP Paribas Structured Note<sup>(b)</sup> | INDU, RTY, NDX | 12.65% | 8/12/2026 | 5009365 |
| 5000000 | BNP Paribas Structured Note<sup>(b)</sup> | SX5E, RTY, NDX | 14.20% | 11/12/2026 | 4928000 |
| 2000000 | BNP Paribas Structured Note<sup>(b)</sup> | SX5E, RTY, NDX | 13.50% | 12/9/2026 | 1973600 |
| 6000000 | BNP Paribas Structured Note<sup>(b)</sup> | SX5E, RTY, NDX | 0%\* | 7/29/2027 | 5952000 |
| 15000000 | BofA Finance LLC Structured Note<sup>(b)</sup> | SX5E, RTY, NDX | 12.70% | 9/21/2026 | 15045000 |
| 10000000 | BofA Finance LLC Structured Note<sup>(b)</sup> | SX5E, RTY, NDX | 13.05% | 9/30/2026 | 10131500 |
| 15000000 | BofA Finance LLC Structured Note<sup>(b)</sup> | RTY,NDX, SX5E | 12.25% | 10/13/2026 | 15033315 |
| 4000000 | BofA Finance LLC Structured Note<sup>(b)</sup> | RTY,NDX, SX5E | 13.45% | 11/5/2026 | 3908000 |
| 11500000 | BofA Finance LLC Structured Note<sup>(b)</sup> | RTY,NDX, SX5E | 14.05% | 11/13/2026 | 11278050 |
| 8500000 | BofA Finance LLC Structured Note<sup>(b)</sup> | RTY,NDX, SX5E | 0%\* | 12/17/2026 | 8320650 |
| 6000000 | BofA Finance LLC Structured Note<sup>(b)</sup> | RTY,NDX, SX5E | 0%\* | 1/8/2027 | 5857200 |
| 12000000 | BofA Finance LLC Structured Note<sup>(b)</sup> | RTY,NDX, SX5E | 0%\* | 1/11/2027 | 11744400 |
| 5000000 | BofA Finance LLC Structured Note<sup>(b)</sup> | RTY,NDX, SX5E | 0%\* | 7/27/2027 | 4855000 |
| 10000000 | Citigroup Global Markets Holdings Inc. Structured Note<sup>(b)</sup> | SPX, RTY, SX5E | 11.60% | 8/3/2026 | 10057600 |
| 5000000 | Citigroup Global Markets Holdings Inc. Structured Note <sup>(b)</sup> | SX5E, RTY, NDX | 13.70% | 9/8/2026 | 5015330 |
| 12000000 | Citigroup Global Markets Holdings Inc. Structured Note<sup>(b)</sup> | SX5E, RTY, NDX | 13.45% | 9/14/2026 | 12025308 |
| 5000000 | Citigroup Global Markets Holdings Inc. Structured Note<sup>(b)</sup> | SX5E, RTY, NDX | 13.05% | 9/22/2026 | 5005770 |
| 12000000 | Citigroup Global Markets Holdings Inc. Structured Note<sup>(b)</sup> | SX5E, RTY, NDX | 13.80% | 9/30/2026 | 12140400 |
| 11000000 | Citigroup Global Markets Holdings Inc. Structured Note<sup>(b)</sup> | RTY,NDX, SX5E | 13.30% | 10/21/2026 | 11090750 |
| 12000000 | Citigroup Global Markets Holdings Inc. Structured Note<sup>(b)</sup> | RTY,NDX, SX5E | 0%\* | 1/12/2027 | 11838000 |
| 6000000 | Citigroup Global Markets Holdings Inc. Structured Note<sup>(b)</sup> | RTY,NDX, SX5E | 0%\* | 7/23/2027 | 5886000 |
| 10000000 | Citigroup Global Markets Holdings Inc. Structured Note<sup>(b)</sup> | RTY,NDX, SX5E | 12.60% | 7/23/2027 | 9818000 |
| 5000000 | Credit Agricole Corporate & Investment Bank S.A. Structured Note<sup>(b)</sup> | SX5E, RTY, NDX | 13.20% | 8/26/2026 | 5002570 |
| 5000000 | Credit Agricole Corporate & Investment Bank S.A. Structured Note<sup>(b)</sup> | RTY,NDX, SX5E | 12.50% | 10/9/2026 | 5053000 |
| 4000000 | Credit Agricole Corporate & Investment Bank S.A. Structured Note<sup>(b)</sup> | RTY,NDX, SX5E | 14.01% | 11/12/2026 | 3974400 |
| 2000000 | Credit Agricole Corporate & Investment Bank S.A. Structured Note<sup>(b)</sup> | RTY,NDX, SX5E | 12.90% | 12/9/2026 | 1976600 |
| 3000000 | Credit Agricole Corporate & Investment Bank S.A. Structured Note<sup>(b)</sup> | RTY,NDX, SX5E | 0%\* | 8/26/2027 | 3000000 |
| 8000000 | Goldman Sachs Structured Note<sup>(b)</sup> | RTY,NDX, SX5E | 0%\* | 2/5/2029 | 8075200 |
| 5000000 | HSBC USA Inc. Structured Note (b) | RTY,NDX, SX5E | 12.15% | 10/9/2026 | 5040450 |
| 10500000 | HSBC USA Inc. Structured Note<sup>(b)</sup> | SX5E, RTY, NDX | 13.05% | 11/25/2026 | 10324650 |
| 6500000 | JPMorgan Chase Financial Company, LLC Structured Note <sup>(b)</sup> | RTY,NDX, SX5E | 13.80% | 11/13/2026 | 6474000 |
| 12000000 | JPMorgan Chase Financial Company, LLC Structured Note <sup>(b)</sup> | RTY,NDX, SX5E | 0%\* | 7/16/2027 | 11694000 |
| 6500000 | Morgan Stanley Finance LLC Structured Note<sup>(b)</sup> | RTY,NDX, SX5E | 12.55% | 11/23/2026 | 6395675 |
| 15000000 | National Bank of Canada Structured Note<sup>(b)</sup> | RTY,NDX, SX5E | 0%\* | 7/9/2027 | 14763000 |
| 3000000 | Nomura America Finance LLC Structured Note<sup>(b)</sup> | RTY,NDX, SX5E | 0%\* | 6/21/2027 | 2933700 |
| 6500000 | Nomura America Finance LLC Structured Note<sup>(b)</sup> | RTY,NDX, SX5E | 0%\* | 6/29/2027 | 6394700 |
| 7500000 | Nomura America Finance LLC Structured Note<sup>(b)</sup> | RTY,NDX, SX5E | 0%\* | 8/20/2027 | 7487250 |
| 5000000 | Societe Generale S.A. Structured Note<sup>(b)</sup> | RTY,NDX, SX5E | 12.12% | 10/9/2026 | 4880500 |
| 11000000 | Societe Generale S.A. Structured Note<sup>(b)</sup> | RTY,NDX, SX5E | 13.20% | 11/5/2026 | 10709600 |
| 2000000 | Societe Generale S.A. Structured Note<sup>(b)</sup> | RTY,NDX, SX5E | 12.90% | 12/9/2026 | 1943200 |
| 6000000 | Societe Generale S.A. Structured Note<sup>(b)</sup> | RTY,NDX, SX5E | 0%\* | 7/28/2027 | 5775600 |
| 5000000 | UBS AG Structured Note<sup>(b)</sup> | INDU, RTY, NDX | 12.20% | 8/26/2026 | 5002455 |
| 5000000 | UBS AG Structured Note<sup>(b)</sup> | RTY,NDX, SX5E | 13.90% | 11/25/2026 | 4947000 |
| 3000000 | UBS AG Structured Note<sup>(b)</sup> | RTY,NDX, SX5E | 0%\* | 6/24/2027 | 2935800 |
| 5000000 | UBS AG Structured Note<sup>(b)</sup> | RTY,NDX, SX5E | 0%\* | 7/26/2027 | 4912500 |
|  | **TOTAL STRUCTURED NOTES (Cost $368,058,683)** |  |  |  | **367201788** |
| **Shares** |  |  |  |  |  |
|  | **SHORT-TERM INVESTMENT - 4.6%** |  |  |  |  |
|  | **MONEY MARKET FUND - 4.6%** |  |  |  |  |
| 17551359 | First American Government Obligations Fund Class X, 3.60% <sup>(a)</sup> |  |  |  | **17551359** |
|  | **TOTAL SHORT-TERM INVESTMENT** (Cost - $17,551,359) |  |  |  |  |
|  | **TOTAL INVESTMENTS - 100.3% (Cost - $385,610,042)** |  |  |  | $**384753147** |
|  | **LIABILITIES IN EXCESS OF OTHER ASSETS - (0.3)%** |  |  |  | **(1175582)** |
|  | **NET ASSETS - 100.0%** |  |  |  | $**383577565** |

---

INDU - The Dow Jones Industrial Average (DJIA) is often referenced by the ticker symbol INDU. It is a price-weighted index of 30 prominent U.S. blue-chip stocks from various industries, excluding transportation and utilities. Investors cannot invest directly in an index.

LLC - Limited Liability Company

---

| | |
|:---|:---|
| NDX | The Nasdaq Composite is a stock market index that includes almost all stocks listed on the Nasdaq stock exchange. Along with the Dow Jones Industrial Average and S&P 500, it is one of the three most-followed stock market indices in the United States. Investors cannot invest directly in an index. |

---

RTY - The Russell 2000 Index, often referred to as RTY, is a stock market index that tracks the performance of 2,000 of the smallest companies in the Russell 3000 Index. It's widely considered a key indicator of the U.S. small-cap stock market. Investors cannot invest directly in an index.

---

| | |
|:---|:---|
| SPX | SPX refers to the Standard & Poor's 500 Index, which is a stock market index that measures the performance of 500 large listed companies in the United States. The S&P 500 index is widely regarded as one of the best measures of the overall performance of the US stock market. Investors cannot invest directly in an index. |

---

SX5E - SX5E refers to the Bloomberg ticker symbol for the EURO STOXX 50 Index, a premier "blue-chip" stock market index representing the performance of 50 of the largest and most liquid companies across 11 Eurozone countries. Investors cannot invest directly in an index.

\* Coupon payments are contingent and may be 0% if contractual conditions are not met.

(a) Rate
 disclosed is the seven day effective yield as of February 28, 2026.

(b) Fixed
 coupon is payable monthly, assuming the note has not been called.

The accompanying notes are an integral part of these financial statements.

---

| |
|:---|
| **Booster Income Opportunities Fund** |
| **STATEMENT OF ASSETS AND LIABILITIES (Unaudited)** |
| **February 28, 2026** |

---

---

| | |
|:---|:---|
| **Assets:** |  |
| &nbsp;&nbsp;&nbsp;Investments in Securities at Value (identified cost $385,610,042) | $384753147 |
| &nbsp;&nbsp;&nbsp;Cash | 246750 |
| &nbsp;&nbsp;&nbsp;Receivable for Fund Shares Sold | 1653472 |
| &nbsp;&nbsp;&nbsp;Interest Receivable | 938063 |
| &nbsp;&nbsp;&nbsp;Prepaid Expenses and Other Assets | 135876 |
| &nbsp;&nbsp;&nbsp;**Total Assets** | 387727308 |
| **Liabilities:** |  |
| &nbsp;&nbsp;&nbsp;Distributions Payable | 2972827 |
| &nbsp;&nbsp;&nbsp;Accrued Advisory Fees | 888799 |
| &nbsp;&nbsp;&nbsp;Accrued Distribution/Shareholder Servicing Fees | 270585 |
| &nbsp;&nbsp;&nbsp;Payable to Related Parties | 4171 |
| &nbsp;&nbsp;&nbsp;Other Accrued Expenses | 13361 |
| &nbsp;&nbsp;&nbsp;**Total Liabilities** | 4149743 |
| **Net Assets** | $383577565 |
| **Composition of Net Assets:** |  |
| &nbsp;&nbsp;&nbsp;Net Assets consisted of: |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Paid-in-Capital | $383893248 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Accumulated Deficit | (315683) |
| **Net Assets** | $383577565 |
| **Class Y Shares** |  |
| Net Assets | $383577565 |
| Shares of beneficial interest outstanding [$0 par value, unlimited shares authorized] | 38675062 |
| Net Asset Value, Offering and Redemption Price Per Share (Net Assets divided by shares outstanding) | $9.92 |

---

The accompanying notes are an integral part of these financial statements.

---

| |
|:---|
| **Booster Income Opportunities Fund** |
| **STATEMENT OF OPERATIONS (Unaudited)** |
| **For the Six Months Ended February 28, 2026** |

---

---

| | |
|:---|:---|
| **Investment Income:** |  |
| &nbsp;&nbsp;&nbsp;Interest Income | $18390896 |
| &nbsp;&nbsp;&nbsp;**Total Investment Income** | 18390896 |
| **Expenses:** |  |
| &nbsp;&nbsp;&nbsp;Investment Advisory Fees | 1959348 |
| &nbsp;&nbsp;&nbsp;Administration Fees | 105299 |
| &nbsp;&nbsp;&nbsp;Incentive Fees | 2638900 |
| &nbsp;&nbsp;&nbsp;Shareholder Servicing Fees |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Class Y | 391870 |
| &nbsp;&nbsp;&nbsp;Transfer Agent Fees | 41765 |
| &nbsp;&nbsp;&nbsp;Legal Fees | 29776 |
| &nbsp;&nbsp;&nbsp;Trustees' Fees | 27328 |
| &nbsp;&nbsp;&nbsp;Registration & Filing Fees | 27317 |
| &nbsp;&nbsp;&nbsp;Printing Expense | 19883 |
| &nbsp;&nbsp;&nbsp;Audit Fees | 16692 |
| &nbsp;&nbsp;&nbsp;Insurance Expense | 7530 |
| &nbsp;&nbsp;&nbsp;Chief Compliance Officer Fees | 7285 |
| &nbsp;&nbsp;&nbsp;Custody Fees | 2965 |
| &nbsp;&nbsp;&nbsp;Fund Accounting Fees | 2663 |
| &nbsp;&nbsp;&nbsp;Miscellaneous Expenses | 11920 |
| &nbsp;&nbsp;&nbsp;**Total Expenses** | 5290541 |
| &nbsp;&nbsp;&nbsp;**Less: Fees Waived/Reimbursed by Advisor** | (391870) |
| &nbsp;&nbsp;&nbsp;**Less: Voluntarily Waived Incentive Fees by Advisor** | (1911770) |
| &nbsp;&nbsp;&nbsp;**Net Expenses** | 2986901 |
| &nbsp;&nbsp;&nbsp;**Net Investment Income** | 15403995 |
| **Net Realized and Unrealized Loss on Investments:** |  |
| &nbsp;&nbsp;&nbsp;Net Realized Loss on Investments | (42000) |
| &nbsp;&nbsp;&nbsp;Net Change in Unrealized Depreciation on Investments | (3056491) |
| &nbsp;&nbsp;&nbsp;**Net Realized and Unrealized Loss on Investments** | (3098491) |
| **Net Increase in Net Assets Resulting From Operations** | $12305504 |

---

The accompanying notes are an integral part of these financial statements.

---

| |
|:---|
| **Booster Income Opportunities Fund** |
| **STATEMENTS OF CHANGES IN NET ASSETS** |

---

---

| | | |
|:---|:---|:---|
|  | **For the**<br>**Six Months Ended**<br>**February 28, 2026** | **For the**<br>**Period Ended**<br>**August 31, 2025 \*** |
|  | **(Unaudited)** |  |
| **Operations:** |  |  |
| &nbsp;&nbsp;&nbsp;Net Investment Income | $15403995 | $1115256 |
| &nbsp;&nbsp;&nbsp;Net Realized Gain (Loss) on Investments | (42000) | 641249 |
| &nbsp;&nbsp;&nbsp;Net Change in Unrealized Appreciation (Depreciation) on Investments | (3056491) | 2199596 |
| &nbsp;&nbsp;&nbsp;**Net Increase in Net Assets Resulting From Operations** | 12305504 | 3956101 |
| **Distributions to Shareholders From:** |  |  |
| &nbsp;&nbsp;&nbsp;Distributions Paid From Earnings |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Class Y | (14811848) | (1777455) |
| &nbsp;&nbsp;&nbsp;Return of Capital |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Class Y |  | (1984766) |
| &nbsp;&nbsp;&nbsp;**Total Distributions to Shareholders** | (14811848) | (3762221) |
| **From Shares of Beneficial Interest Transactions:** |  |  |
| &nbsp;&nbsp;&nbsp;**Class Y** |  |  |
| &nbsp;&nbsp;&nbsp;Proceeds from Shares Issued | 169057829 | 232553361 |
| &nbsp;&nbsp;&nbsp;Distributions Reinvested | 993877 | 216825 |
| &nbsp;&nbsp;&nbsp;Cost of Shares Redeemed | (15894599) | (1037264) |
| &nbsp;&nbsp;&nbsp;**Total Class Y** | 154157107 | 231732922 |
| &nbsp;&nbsp;&nbsp;**Total From Shares of Beneficial Interest Transactions** | 154157107 | 231732922 |
| **Total Increase in Net Assets** | 151650763 | 231926802 |
| **Net Assets:** |  |  |
| &nbsp;&nbsp;&nbsp;Beginning of Period | 231926802 |  |
| &nbsp;&nbsp;&nbsp;End of Period | $383577565 | $231926802 |
| **SHARE ACTIVITY:** |  |  |
| &nbsp;&nbsp;&nbsp;**Class Y** |  |  |
| &nbsp;&nbsp;&nbsp;Shares Issued | 16931214 | 23315175 |
| &nbsp;&nbsp;&nbsp;Shares Reinvested | 99449 | 21768 |
| &nbsp;&nbsp;&nbsp;Shares Redeemed | (1587893) | (104651) |
| &nbsp;&nbsp;&nbsp;**Net Increase in Shares of Beneficial Interest** | 15442770 | 23232292 |

---

\* The Booster Income Opportunities Fund commenced operations on November 15, 2024.

The accompanying notes are an integral part of these financial statements.

---

| |
|:---|
| **Booster Income Opportunities Fund - Class Y** |
| **FINANCIAL HIGHLIGHTS** |

---

*The table below sets forth financial data for one share of beneficial interest outstanding throughout each period presented.*

---

| | | |
|:---|:---|:---|
|  | **For the**<br>**Six Months**<br>**February 28, 2026** | **For the**<br>**Period Ended**<br>**August 31, 2025 (a)** |
|  | **(Unaudited)** |  |
| **Net Asset Value, Beginning of Period** | $9.98 | $10.00 |
| &nbsp;&nbsp;&nbsp;Increase From Operations: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Net investment income (b) | 0.49 | 0.19 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Net gain (loss) from investments (both realized and unrealized) | (0.09) | 0.19 |
| &nbsp;&nbsp;&nbsp;Total from operations | 0.40 | 0.38 |
| &nbsp;&nbsp;&nbsp;Less Distributions: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;From net investment income | (0.46) | (0.19) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;From return of capital |  | (0.21) |
| &nbsp;&nbsp;&nbsp;Total Distributions | (0.46) | (0.40) |
| **Net Asset Value, End of Period** | $9.92 (f) | $9.98 (f) |
| **Total Return (c)** | 3.99 % (f)(g) | 3.91 % (f)(g) |
| **Ratios/Supplemental Data** |  |  |
| &nbsp;&nbsp;&nbsp;Net assets, end of period (in 000's) | $383578 | $231927 |
| &nbsp;&nbsp;&nbsp;Ratio to average net assets: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Expenses, Gross (d)(i) | 3.35 % (h) | 3.54 % (h) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Expenses, Net of Reimbursement (d)(i) | 1.89 % (h) | 2.01 % (h) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Net investment income, Net of Reimbursement (d)(e) | 9.76 % (h) | 2.35 % (h) |
| &nbsp;&nbsp;&nbsp;Portfolio turnover rate | 71.33 % (g) | 46.48 % (g) |

---

(a) The
Booster Income Opportunities Fund Class Y commenced operations on November 15, 2024.

(b) Per
share amounts are calculated using the average shares method, which more appropriately presents the per share data for the period.

(c) Total
returns are historical in nature and assume changes in share price, reinvestment of dividends, returns of capital and capital gains distributions,
if any. Had the Adviser not absorbed a portion of Fund expenses, total returns would have been lower.

(d) Does
not include expenses of other investment companies in which the Fund invests.

(e) Recognition
of investment income is affected by timing of and declaration of dividends by the underlying investment companies in which the Fund invests.

(f) Includes
adjustments in accordance with accounting principles generally accepted in the United States and, consequently, the net asset value for
financial reporting purposes and the returns based upon those net asset values may differ from the net asset values and returns for shareholder
transactions.

(g) Not
annualized.

(h) Annualized.

(i) Ratios
to average net assets (excluding incentive fee)

---

| | | |
|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Expenses, Gross | 2.89% | 3.38% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Expenses, Net of Reimbursement | 1.43% | 1.85% |

---

The accompanying notes are an integral part of these financial statements.

---

| |
|:---|
| **Booster Income Opportunities Fund** |
| **NOTES TO FINANCIAL STATEMENTS (Unaudited)** |
| **February 28, 2026** |

---

**1.** **ORGANIZATION** 

Booster Income Opportunities Fund (the "Fund"), was organized as a Delaware statutory trust on April 30, 2024 and is registered under the Investment Company Act of 1940, as amended, (the "1940 Act"), as a non-diversified, closed-end management investment company that operates as an interval fund making quarterly repurchases of no less than 5% of its outstanding shares at NAV. The Fund's investment objective is to seek high current income and attractive risk-adjusted returns. The Fund pursues its investment objective by strategically investing primarily in structured notes.

Booster Asset Management, LLC (the ''Adviser'') serves as the Fund's investment adviser. Brookstone Asset Management, LLC (the "Sub-Adviser") serves as the Fund's sub-adviser.

The Fund will engage in a continuous offering of shares of beneficial interest of Class Y shares, which commenced operations on November 15, 2024, at the prevailing net asset value ("NAV"), which will not be subject to an upfront sales charge, distribution fee or contingent deferred sales charges. Class Y shares are subject to a monthly shareholder servicing fee at an annual rate of up to 0.25% of the average daily net assets of the Fund.

**2.** **SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES** 

The following is a summary of significant accounting policies followed by the Fund in preparation of its financial statements. These policies are in conformity with accounting principles generally accepted in the United States of America ("GAAP"). The preparation of financial statements requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of income and expenses for the period. Actual results could differ from those estimates. The Fund is an investment company and accordingly follows the investment company accounting and reporting guidance of the Financial Accounting Standards Board (FASB) Accounting Standard Codification Topic 946 "Financial Services – Investment Companies" including FASB Accounting Standard Update ASU 2013-08.

*Operating Segment*s – The Fund has adopted Financial Accounting Standards Board ("FASB") Accounting Standards Update 2023-07, Segment Reporting (Topic 280) - Improvements to Reportable Segment Disclosures ("ASU 2023-07"). Adoption of the standard impacted financial statement disclosures only and did not affect the Fund's financial position or the results of its operations. An operating segment is defined as a component of a public entity that engages in business activities from which it may recognize revenues and incur expenses, has operating results that are regularly reviewed by the public entity's chief operating decision maker ("CODM") to make decisions about resources to be allocated to the segment and assess its performance, and has discrete financial information available. The CODM is comprised of the portfolio manager, Chief Executive Officer and Chief Financial Officer of the Fund. The Fund operates as a single operating segment. The Fund's income, expenses, assets, changes in net assets resulting from operations and performance are regularly monitored and assessed as a whole by the CODM responsible for oversight functions of the Fund, using the information presented in the financial statements and financial highlights.

*Valuation of Structured Notes –* Structured notes are notes where the principal and/or interest rate or value of the structured note is determined by reference to the performance of an underlying reference asset. Underlying reference assets may include a security, a basket of equity securities, a market index or a commodity. Structured notes are fair valued based on market quotations supplied by an independent pricing source.

*Security Valuation* – Readily marketable portfolio securities listed on a public exchange are valued at their current market values determined on the basis of market quotations obtained from independent pricing services approved by the Board. Such quotes typically utilize official closing prices, generally the last sale price, reported to the applicable securities exchange if readily available. Portfolio securities traded on more than one securities exchange are valued at the last sale price on the business day as of which such value is being determined as reflected by the exchange representing the principal market for such securities. Securities trading on NASDAQ are valued at NASDAQ official closing price. If market or dealer quotations are not readily available or deemed unreliable, the Adviser will determine in good faith, the fair value of such securities. For securities that are fair valued in the ordinary course of Fund operations, the Board has designated the performance of fair value determinations to the Adviser as valuation designee, subject to the Board's oversight. The Adviser has established a Valuation Committee to help oversee the implementation of procedures for fair value determinations. In determining the fair value of a security for

---

| |
|:---|
| **Booster Income Opportunities Fund** |
| **NOTES TO FINANCIAL STATEMENTS (Unaudited) (Continued)** |
| **February 28, 2026** |

---

which there are no readily available market or dealer quotations, the Adviser and the Valuation Committee, will take into account all reasonably available information that may be relevant to a particular security including, but not limited to: pricing history, current market level, supply and demand of the respective security; the enterprise value of the portfolio company; the portfolio company's ability to make payments and its earnings and discounted cash flow, comparison to the values and current pricing of publicly traded securities that have comparable characteristics; comparison to publicly traded securities including factors such as yield, maturity, and credit quality; knowledge of historical market information with respect to the security; fundamental analytical data, such as periodic financial statements, and other factors or information relevant to the security, issuer, or market. Fair valuation involves subjective judgments, and it is possible that the fair value determined for a security may differ materially from the value that could be realized upon the sale of the security.

The Fund may hold securities, such as private investments, interests in commodity pools, other non-traded securities or temporarily illiquid securities, for which market quotations are not readily available or are determined to be unreliable. These securities will be valued using the "fair value" procedures approved by the Board. The Board has delegated execution of these procedures to the Adviser as its valuation designee (the "Valuation Designee"). The Board may also enlist third party consultants such a valuation specialist at a public accounting firm, valuation consultant or financial officer of a security issuer on an as-needed basis to assist the Valuation Designee in determining a security-specific fair value. The Board is responsible for reviewing and approving fair value methodologies utilized by the Valuation Designee, which approval shall be based upon whether the Valuation Designee followed the valuation procedures established by the Board.

GAAP establishes a single authoritative definition of fair value, sets out a framework for measuring fair value and requires additional disclosures about fair value measurement. GAAP establishes a hierarchy that prioritizes inputs to valuation methods. The three levels of input are:

**Level 1** – Unadjusted quoted prices in active markets for identical assets and liabilities that the Fund has the ability to access.

**Level 2** – Observable inputs other than quoted prices included in Level 1 that are observable for the asset or liability, either directly or indirectly. These inputs may include quoted prices for the identical instrument on an inactive market, prices for similar instruments, interest rates, prepayment speeds, credit risk, yield curves, default rates and similar data.

**Level 3 –** Unobservable inputs for the asset or liability, to the extent relevant observable inputs are not available, representing the Fund's own assumptions about the assumptions a market participant would use in valuing the asset or liability, and would be based on the best information available.

The availability of observable inputs can vary from security to security and is affected by a wide variety of factors, including, for example, the type of security, whether the security is new and not yet established in the marketplace, the liquidity of markets, and other characteristics particular to the security. To the extent that valuation is based on models or inputs that are less observable or unobservable in the market, the determination of fair value requires more judgment. Accordingly, the degree of judgment exercised in determining fair value is greatest for instruments categorized in Level 3.

The inputs used to measure fair value may fall into different levels of the fair value hierarchy. In such cases, for disclosure purposes, the level in the fair value hierarchy within which the fair value measurement falls in its entirety, is determined based on the lowest level input that is significant to the fair value measurement in its entirety.

The inputs or methodology used for valuing securities are not necessarily an indication of the risk associated with investing in those securities. The following tables summarize the inputs used as of February 28, 2026 for the Fund's assets measured at fair value:

---

| | | | | |
|:---|:---|:---|:---|:---|
| Assets\* | Total | Level I | Level 2 | Level 3 |
| Structured Notes | $367201788 | $— | $367201788 | $— |
| Short-Term Investment | 17551359 | 17551359 |  |  |
| Total | $384753147 | $17551359 | $367201788 | $— |

---

\* Refer to the Portfolio of Investments for industry classifications.

The Fund held no Level 3 securities as of February 28, 2026.

The Fund had no unfunded commitments as of the period ended February 28, 2026.

---

| |
|:---|
| **Booster Income Opportunities Fund** |
| **NOTES TO FINANCIAL STATEMENTS (Unaudited) (Continued)** |
| **February 28, 2026** |

---

*Structured Note Risk **–*** The Fund will primarily invest in structured notes. The structured notes may include investments in structured products, securitizations, and other asset-backed securities. Among other risks, the notes (i) are subject to the risks associated with the underlying assets; (ii) will often be leveraged, which will generally magnify the opportunities for gain and risk of loss; (iii) are highly complex, which may cause disputes as to their terms and impact the valuation and liquidity of such positions; and (iv) often contain significant obstacles to asserting "putback" or similar claims against the notes.

These instruments are notes where the principal and/or interest rate or value of the structured note is determined by reference to the performance of an underlying reference asset. Underlying reference assets may include a security or other financial instrument though the Fund primarily invests in structured notes that reference the performance of a particular underlying equity security. The Fund may also invest in structured notes that reference the performance of a basket of equity securities, a market index or a commodity. The interest and/or principal payments that may be made on a structured note may vary widely, depending on a variety of factors, including the volatility of the underlying reference asset. The performance results of structured notes will not replicate exactly the performance of the underlying reference asset that the notes seek to replicate. Issuers of structured notes can vary and may include corporations, banks, broker-dealers and limited purpose trusts or other vehicles. Structured notes may be exchange traded or traded OTC and privately negotiated.

At February 28, 2026, the aggregate value of such securities amounted to $367,201,788 and the value amounts to 95.7% of the net assets of the Fund.

*Liquidity Risk –* There is currently no secondary market for the shares and the Fund expects that no secondary market will develop. Limited liquidity is provided to shareholders only through the Fund's quarterly repurchase offers for no less than 5% of the shares outstanding at net asset value. There is no guarantee that shareholders will be able to sell all of the shares they desire in a quarterly repurchase offer. The Fund's structured notes and other investments are also subject to liquidity risk. Liquidity risk exists when investments of the Fund would be difficult to purchase or sell, possibly preventing the Fund from selling such illiquid securities at an advantageous time or price, or possibly requiring the Fund to dispose of other investments at unfavorable times or prices in order to satisfy its obligations.

*Derivatives Risk –* While the Fund will not invest directly in derivative instruments, many of the structured notes in which the Fund invests are linked to the performance of an underlying asset or index through a reference mechanism such as derivative contracts. The use of derivative instruments involves risks different from, or possibly greater than, the risks associated with investing directly in securities and other traditional investments. Derivatives are subject to a number of risks, such as liquidity risk (which may be heightened for highly customized derivatives), interest rate risk, market risk, credit risk, leveraging risk, counterparty risk, tax risk, and management risk, as well as risks arising from changes in applicable requirements. They also involve the risk of mispricing, the risk of unfavorable or ambiguous documentation and the risk that changes in the value of the derivative may not correlate perfectly with the underlying asset, rate or index. The Fund's use of derivatives may increase or accelerate the amount of taxes payable by common shareholders.

*Options Risk –* There are risks associated with the sale and purchase of call and put options. As a seller (writer) of a put option, the Fund will tend to lose money if the value of the reference index or security falls below the strike price. As the seller (writer) of a call option, the Fund will tend to lose money if the value of the reference index or security rises above the strike price. As the buyer of a put or call option, the Fund risks losing the entire premium invested in the option if the Fund does not exercise the option.

*Swaps Risk* – Swaps are subject to tracking risk because they may not be perfect substitutes for the instruments they are intended to hedge or replace. Over the counter swaps are subject to counterparty default. Leverage inherent in derivatives will tend to magnify the Fund's losses.

*Futures Risk* – The Fund's use of futures involves risks different from, or possibly greater than, the risks associated with investing directly in securities and other traditional investments. These risks include (i) leverage risk (ii) risk of mispricing or improper valuation; and (iii) the risk that changes in the value of the futures contract may not correlate perfectly with the underlying index. Investments in futures involve leverage, which means a small percentage of assets invested in futures can have a disproportionately large impact on the Fund. This risk could cause the Fund to lose more than the principal amount invested.

---

| |
|:---|
| **Booster Income Opportunities Fund** |
| **NOTES TO FINANCIAL STATEMENTS (Unaudited) (Continued)** |
| **February 28, 2026** |

---

Futures contracts may become mispriced or improperly valued when compared to the adviser's expectation and may not produce the desired investment results. Additionally, changes in the value of futures contracts may not track or correlate perfectly with the underlying index because of temporary, or even long-term, supply and demand imbalances and because futures do not pay dividends unlike the stocks upon which they are based.

*Adviser's Incentive Fee Risk –* The Investment Advisory Agreement entitles the Adviser to receive incentive compensation on income regardless of any capital losses. In such case, the Fund may be required to pay the Adviser incentive compensation for a fiscal quarter even if there is a decline in the value of the Fund's portfolio or if the Fund incurs a net loss for that quarter. Any Incentive Fee payable by the Fund that relates to its net investment income may be computed and paid on income that may include interest that has been accrued but not yet received. If there is a default related to a structured note or other investment held by the Fund on a loan that is structured to provide accrued interest, it is possible that accrued interest previously included in the calculation of the Incentive Fee will become uncollectible. The Adviser is not under any obligation to reimburse the Fund for any part of the Incentive Fee they received that was based on accrued income that the Fund never received as a result of a default by an entity on the obligation that resulted in the accrual of such income, and such circumstances would result in the Fund's paying an Incentive Fee on income it never received.

*Security Transactions and Investment Income* – Investment security transactions are accounted for on a trade date basis. Cost is determined and gains and losses are based upon the specific identification method for both financial statement and federal income tax purposes. Dividend income is recorded on the ex-dividend date and interest income is recorded on an accrual basis. Purchase discounts and premiums on securities are accreted and amortized over the life of the respective securities.

*Distributions from Real Estate Investment Trusts* – Distributions from Real Estate Investment Trusts are initially recorded as dividend income and, to the extent such represent a return of capital or capital gain for tax purposes, are reclassified when such information becomes available.

*Interest Income on Structured Notes* – Interest from structured notes is not accrued daily but is considered as part of the daily valuation and recorded as interest income when earned at the respective coupon payment date.

*Federal Income Taxes* – The Fund intends to comply with the requirements of Subchapter M of the Internal Revenue Code applicable to regulated investment companies and will distribute all its taxable income, if any, to shareholders. Accordingly, no provision for Federal income taxes is required in the financial statements.

The Fund recognizes the tax benefits of uncertain tax positions only when the position is "more likely than not" to be sustained assuming examination by tax authorities. Management has reviewed the tax positions and has concluded that no liability for unrecognized tax benefits should be recorded related to uncertain tax positions expected to be filed in the Fund's August 31, 2025, tax returns. The Fund identifies its major tax jurisdiction as U.S. Federal. The Fund recognizes interest and penalties, if any, related to unrecognized tax benefits as income tax expense in the Statement of Operations. During the period ended August 31, 2025, the Fund did not incur any interest or penalties. Generally, tax authorities can examine tax returns filed for the last three years.

*Distributions to Shareholders* – Distributions from investment income are declared and recorded on a daily basis and paid monthly. Distributions from net realized capital gains, if any, are declared and paid annually and are recorded on the ex-dividend date. The character of income and gains to be distributed is determined in accordance with income tax regulations, which may differ from GAAP. These "book/tax" differences are considered either temporary (e.g., deferred losses) or permanent in nature. To the extent these differences are permanent in nature, such amounts are reclassified within the composition of net assets based on their federal tax-basis treatment; temporary differences do not require reclassification.

All or a portion of a distribution may consist of return of capital, shareholders should not assume that the source of a distribution is net income.

*Indemnification* – The Fund indemnifies its officers and Trustees for certain liabilities that may arise from the performance of their duties to the Fund. Additionally, in the normal course of business, the Fund enters into contracts that contain a variety of representations and warranties and which provide general indemnities. The Fund's maximum exposure under these

---

| |
|:---|
| **Booster Income Opportunities Fund** |
| **NOTES TO FINANCIAL STATEMENTS (Unaudited) (Continued)** |
| **February 28, 2026** |

---

arrangements is unknown, as this would involve future claims that may be made against the Fund that have not yet occurred. However, based on experience, the Fund expects the risk of loss due to these warranties and indemnities to be remote.

**3.** **INVESTMENT ADVISORY AGREEMENT AND TRANSACTIONS WITH RELATED PARTIES** 

*Advisory Fees* – The Fund's investment adviser is Booster Asset Management, LLC (the "Adviser"), a registered investment adviser under the Investment Advisers Act of 1940, as amended (the "Advisers Act"). The Adviser has engaged Brookstone Asset Management, LLC (the "Sub-Adviser"), a registered investment adviser under the Advisers Act, to provide ongoing research, recommendations, and portfolio management regarding the Fund's investment portfolio. The Sub-Adviser is an affiliate of the Adviser.

Pursuant to the Investment Advisory Agreement between the Fund and the Adviser (the "Investment Advisory Agreement"), and in consideration of the advisory services provided by the Adviser to the Fund, the Adviser is entitled to a fee consisting of two components — a base management fee and an incentive fee. The management fee is calculated and payable monthly in arrears at the annual rate of 1.25% of the Fund's average daily total assets during such period. The incentive fee is calculated and payable quarterly in arrears in an amount equal to 15.0% of the Fund's "pre-incentive fee net investment income" for the immediately preceding quarter, and is subject to a hurdle rate, expressed as a rate of return on the Fund's "adjusted capital," equal to 1.50% per quarter (or an annualized hurdle rate of 6.00%), subject to a "catch-up" feature, which allows the Adviser to recover foregone incentive fees that were previously limited by the hurdle rate. For this purpose, "pre-incentive fee net investment income" means interest income, dividend income and any other income accrued during the calendar quarter, minus the Fund's operating expenses for the quarter (including the management fee, expenses reimbursed to the Adviser for any administrative services provided by the Adviser and any interest expense and distributions paid on any issued and outstanding preferred shares, but excluding the incentive fee). "Adjusted capital" means the cumulative gross proceeds received by the Fund from the sale of shares (including pursuant to the Fund's Distribution Reinvestment Program (defined below)), reduced by amounts paid in connection with purchases of the Fund's shares pursuant to the Fund's quarterly repurchase policy.

The calculation of the incentive fee on pre-incentive fee net investment income for each quarter is as follows:

● No incentive fee is payable in any calendar quarter in which the Fund's pre-incentive fee net investment income does not exceed the hurdle rate of 1.50% per quarter (or an annualized rate of 6.00%);

● 100% of the Fund's pre-incentive fee net investment income, if any, that exceeds the hurdle rate but is less than or equal to 1.7647%. We refer to this portion of the Fund's pre-incentive fee net investment income (that exceeds the hurdle rate but is less than or equal to 1.7647%) as the "catch-up." The "catch-up" provision is intended to provide the Adviser with an incentive fee of 15.0% on all of the Fund's pre-incentive fee net investment income when the Fund's pre-incentive fee net investment income reaches 1.7647% in any calendar quarter; and

● 15.0% of the amount of the Fund's pre-incentive fee net investment income, if any, that exceeds 1.7647% in any calendar quarter is payable to the Adviser once the hurdle rate is reached and the catch-up is achieved (15.0% of all pre-incentive fee net investment income thereafter will be allocated to the Adviser). See "Management of the Fund – Investment Adviser – Management and Incentive Fees."

The Adviser has entered into a fee waiver agreement with the Fund under which it has agreed to waive or reduce its fees by 0.25% of the average daily net assets of the Fund through July 17, 2026, and may be terminated by the Board of Trustees at any time. The Advisor cannot recoup from the Fund any amounts paid by the Adviser under the fee waiver agreement. The Adviser and the Fund have also entered into an expense limitation and reimbursement agreement (the "Expense Limitation Agreement") under which the Adviser has contractually agreed to waive its fees and to pay or absorb the ordinary operating expenses of the Fund (including all organizational and offering expenses, but excluding interest, brokerage commissions, incentive fees, acquired fund fees and expenses and extraordinary expenses), to the extent that such expenses exceed 1.75% per annum of the Fund's average daily net assets attributable to Class Y shares (the "Expense Limitation"). In consideration of the Adviser's agreement to limit the Fund's expenses, the Fund has agreed to repay the Adviser in the amount of any fees waived and Fund expenses paid or absorbed, subject to the limitations that: (1) the reimbursement for fees and expenses will be made only if payable not more than three years from the date in which they were incurred; and (2) the reimbursement may

---

| |
|:---|
| **Booster Income Opportunities Fund** |
| **NOTES TO FINANCIAL STATEMENTS (Unaudited) (Continued)** |
| **February 28, 2026** |

---

not be made if it would cause the lesser of the Expense Limitation in place at the time of waiver or at the time of reimbursement to be exceeded. The Expense Limitation Agreement will remain until December 31, 2026, unless and until the Board approves its modification or termination. The Fund does not anticipate that the Board will terminate the Expense Limitation Agreement during this period. The Expense Limitation Agreement may be terminated only by the Board on 60 days' written notice to the Adviser. After December 31, 2026, the Expense Limitation Agreement may be renewed at the Adviser's discretion.

During the six months ended February 28, 2026, the Adviser waived fees of $391,870.

During the period ended August 31, 2025, the Adviser waived fees of $115,841, of which $115,841 are subject to recapture by the Adviser by August 31, 2027.

During six months ended February 28, 2026 the Adviser voluntarily elected to waive a portion the incentive fee. The Adviser waived $1,911,770 of the Incentive Fee, which is not subject to recapture.

*Ultimus Fund Solutions, LLC ("UFS") –* UFS, provides administration, fund accounting, and transfer agent services to the Fund. Pursuant to separate servicing agreements with UFS, the Fund pays UFS customary fees for providing administration, fund accounting and transfer agency services to the Fund. Certain officers of the Fund are also officers of UFS and are not paid any fees directly by the Fund for servicing in such capacities.

In addition, certain affiliates of UFS provide services to the Fund as follows:

*Northern Lights Compliance Services, LLC ("NLCS")* – NLCS, an affiliate of UFS, provides a Chief Compliance Officer to the Fund, as well as related compliance services, pursuant to a consulting agreement between NLCS and the Fund. Under the terms of such agreement, NLCS receives customary fees from the Fund.

*Blu Giant, LLC ("Blu Giant") –* Blu Giant, an affiliate of UFS and the Distributor, provides EDGAR conversion and filing services as well as print management services for the Fund on an ad-hoc basis. For the provision of these services, Blu Giant receives customary fees from the Fund.

*Distributor* – The distributor of the Fund is Ultimus Fund Solutions, LLC ("UFS"), (the "Distributor"). The Board has adopted, on behalf of the Fund, a Shareholder Services Plan under which the Fund may compensate financial industry professionals for providing ongoing services in respect of clients with whom they have distributed shares of the Fund. The Fund's shares are offered for sale through the Distributor at NAV. Shares of the Fund will not be listed on any national securities exchange and the Distributor will not act as a market maker in Fund shares. Class Y shares are not currently subject to a Distribution Fee.

The Distributor acts as the Fund's principal underwriter in a continuous public offering of the Fund's shares. For the six months ended February 28, 2026, the Distributor received $0 in underwriting commissions for sales of the Fund's shares, of which $0 was retained by the principal underwriter or other affiliated broker-dealers.

**4.** **INVESTMENT TRANSACTIONS** 

The cost of purchases and proceeds from the sale of securities, other than short-term securities, for the six months ended February 28, 2026, amounted to $398,000,000 and $211,728,000, respectively.

**5.** **CONTROL OWNERSHIP** 

The beneficial ownership, either directly or indirectly, of more than 25% of the voting securities of a portfolio creates presumption of control of the portfolio under section 2(a)(9) of the 1940 Act. As of February 28, 2026, Charles Schwab held 90.9% of the Fund and may be deemed to control the Fund.

---

| |
|:---|
| **Booster Income Opportunities Fund** |
| **NOTES TO FINANCIAL STATEMENTS (Unaudited) (Continued)** |
| **February 28, 2026** |

---

**6.** **AGGREGATE UNREALIZED APPRECIATION AND DEPRECIATION – TAX BASIS** 

The identified cost of investments in securities owned by the Fund for federal income tax purposes and its respective gross unrealized appreciation and depreciation at February 28, 2026, was as follows:

---

| | |
|:---|:---|
| Cost for Federal Tax purposes | $385610042 |
| Unrealized Appreciation | $3169330 |
| Unrealized Depreciation | $(4026225) |
| Tax Net Unrealized Depreciation | $(856895) |

---

**7.** **DISTRIBUTIONS TO SHAREHOLDERS AND TAX COMPONENTS OF CAPITAL** 

The tax character of Fund distributions for the following fiscal period was as follows:

---

| | |
|:---|:---|
|  | Fiscal Year Ended<br>August 31, 2025 |
| Ordinary Income | $1777455 |
| Long-Term Capital Gain |  |
| Return of Capital | 1984766 |
|  | $3762221 |

---

As of August 31, 2025, the components of accumulated earnings/(deficit) on a tax basis were as follows:

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| Undistributed | Undistributed | Post October Loss | Capital Loss | Other | Unrealized | Total |
| Ordinary | Long-Term | and | Carry | Book/Tax | Appreciation/ | Distributable Earnings/ |
| Income | Gains | Late Year Loss | Forwards | Differences | (Depreciation) | (Accumulated Deficit) |
| $— | $— | $— | $— | $(8935) | $2199596 | $2190661 |

---

The difference between book basis and tax basis undistributed net investment income/(loss), accumulated net realized gain/(loss), and unrealized appreciation/(depreciation) from investments is primarily attributable to adjustments to unamortized portion of organization expenses for tax purposes.

Permanent book and tax differences, primarily attributable to the book/tax basis treatment of non-deductible expenses, and amortization of organization cost, resulted in reclassifications for the Fund for the fiscal period ended August 31, 2025, as follows:

---

| | |
|:---|:---|
| Paid |  |
| In | Distributable |
| Capital | Earnings |
| $(12015) | $12015 |

---

**8.** **REPURCHASE OFFERS** 

Pursuant to Rule 23c-3 under the Investment Company Act of 1940, as amended, the Fund offers shareholders on a quarterly basis the option of redeeming shares, at net asset value, of no less than 5% and no more than 25% of the shares outstanding. There is no guarantee that shareholders will be able to sell all of the shares they desire in a quarterly repurchase offer, although each shareholder will have the right to require the Fund to purchase up to and including 5% of such shareholder's shares in each quarterly repurchase. Limited liquidity will be provided to shareholders only through the Fund's quarterly repurchases.

---

| |
|:---|
| **Booster Income Opportunities Fund** |
| **NOTES TO FINANCIAL STATEMENTS (Unaudited) (Continued)** |
| **February 28, 2026** |

---

During the six months ended February 28, 2026, the Fund completed two quarterly repurchase offers. In those offers, the Fund offered to repurchase up to 5% of the number of its outstanding shares as of the Repurchase Pricing Dates. The Fund may under officer approval increase the repurchase percentage above 5%. The results of those repurchase offers were as follows:

---

| | | |
|:---|:---|:---|
| **Class Y** | **Repurchase Offer #1** | **Repurchase Offer #2** |
| Commencement Date | September 19, 2025 | December 19, 2025 |
| Repurchase Request |  |  |
| Deadline | October 31, 2025 | January 30, 2026 |
| Repurchase Pricing Date | October 31, 2025 | January 30, 2026 |
| Net Asset Value as of |  |  |
| Repurchase Offer Date | $9.98 | $10.03 |
| Amount Repurchased | $6379725 | $9514874 |
| Percentage of Outstanding |  |  |
| Shares Repurchased | 2.07% | 2.71% |

---

**9.** **ACCOUNTING PRONOUNCEMENTS** 

The Fund adopted the FASB Accounting Standards Update 2023-09, "Income Taxes (Topic 740) Improvements to Income Tax Disclosures" ("ASU 2023-09"), which establishes new income tax disclosure requirements and modifies or eliminates certain existing disclosure provisions. The amendments in this ASU are intended to address investor requests for more transparency about income tax information and to improve the effectiveness of income tax disclosures. The Fund's adoption of ASU 2023-09 did not have a material impact on the Fund's financial statements.

**10.** **SUBSEQUENT EVENTS** 

Subsequent events after the date of the Statement of Assets and Liabilities have been evaluated through the date the financial statements were issued. Management has determined that no events or transactions occurred requiring adjustment or disclosure in the financial statements.

---

| |
|:---|
| **Booster Income Opportunities Fund** |
| **ADDITIONAL INFORMATION** |
| **February 28, 2026** |

---

**Changes in and Disagreements with Accountants**

There were no changes in or disagreements with accountants during the period covered by this report.

**Proxy Disclosures** - Not applicable

**Remuneration Paid to Directors, Officers and Others**

The aggregate compensation paid, on behalf of the Fund, to the Trustees for the period of this report was $27,328. For the period of this report, no special compensation was paid to the Trustees, no compensation was paid to any officer of the Fund, and no compensation was paid to any person of whom any officer or director of the Fund is an affiliated person.

**Statement Regarding Basis for Approval of Investment Advisory Agreement**

Not applicable

**<br> PRIVACY notice**

---

| | | |
|:---|:---|:---|
| **FACTS** | **WHAT DOES THE FUND DO WITH YOUR PERSONAL INFORMATION?** | **WHAT DOES THE FUND DO WITH YOUR PERSONAL INFORMATION?** |
| **Why?** | Financial companies choose how they share your personal information. Federal law gives consumers the right to limit some but not all sharing. Federal law also requires us to tell you how we collect, share, and protect your personal information. Please read this notice carefully to understand what we do. | Financial companies choose how they share your personal information. Federal law gives consumers the right to limit some but not all sharing. Federal law also requires us to tell you how we collect, share, and protect your personal information. Please read this notice carefully to understand what we do. |
| **What?** | The types of personal information we collect and share depend on the product or service you have with us. This information can include: | The types of personal information we collect and share depend on the product or service you have with us. This information can include: |
|  | &nbsp;&nbsp;&nbsp;&nbsp;■ Social Security number<br>■ Assets<br>■ Retirement Assets<br>■ Transaction History<br>■ Checking Account Information | ■ Purchase History<br>■ Account Balances<br>■ Account Transactions<br>■ Wire Transfer Instructions<br>|
|  | When you are *no longer* our customer, we continue to share your information as described in this notice. | When you are *no longer* our customer, we continue to share your information as described in this notice. |
| **How?** | All financial companies need to share customers' personal information to run their everyday business. In the section below, we list the reasons financial companies can share their customers' personal information; the reasons chosen to share; and whether you can limit this sharing. | All financial companies need to share customers' personal information to run their everyday business. In the section below, we list the reasons financial companies can share their customers' personal information; the reasons chosen to share; and whether you can limit this sharing. |

---

---

| | | |
|:---|:---|:---|
| **Reasons we can share your personal information** | **Does the Fund<br> share?** | **Can you limit this sharing?** |
| **For our everyday business purposes –**<br> such as to process your transactions, maintain your account(s), respond to court orders and legal investigations, or report to credit bureaus | Yes | No |
| **For our marketing purposes –**<br> to offer our products and services to you | No | We don't share |
| **For joint marketing with other financial companies** | No | We don't share |
| **For our affiliates' everyday business purposes –**<br> information about your transactions and experiences | No | We don't share |
| **For our affiliates' everyday business purposes –**<br> information about your creditworthiness | No | We don't share |
| **For nonaffiliates to market to you** | No | We don't share |

---

---

| | |
|:---|:---|
| **Questions?** | Call 1- (631) 490-4300 |

---

---

| | |
|:---|:---|
| **Who we are** | **Who we are** |
| **Who is providing this notice?** | The Fund |
| **What we do** | **What we do** |
| **How does the Fund protect my personal information?** | To protect your personal information from unauthorized access and use, we use security measures that comply with federal law. These measures include computer safeguards and secured files and buildings.<br>Our service providers are held accountable for adhering to strict policies and procedures to prevent any misuse of your nonpublic personal information. |
| **How does the Fund collect my personal information?** | We collect your personal information, for example, when you<br>■ Open an account<br>■ Provide account information<br>■ Give us your contact information<br>■ Make deposits or withdrawals from your account<br>■ Make a wire transfer<br>■ Tell us where to send the money<br>■ Tells us who receives the money<br>■ Show your government-issued ID<br>■ Show your driver's license<br>We also collect your personal information from other companies. |
| **Why can't I limit all sharing?** | Federal law gives you the right to limit only<br>■ Sharing for affiliates' everyday business purposes – information about your creditworthiness<br>■ Affiliates from using your information to market to you<br>■ Sharing for nonaffiliates to market to you<br>State laws and individual companies may give you additional rights to limit sharing. |
| **Definitions** | **Definitions** |
| **Affiliates** | Companies related by common ownership or control. They can be financial and nonfinancial companies.<br>■ *The Fund does not share with our affiliates.* |
| **Nonaffiliates** | Companies not related by common ownership or control. They can be financial and nonfinancial companies<br>■ *The Fund does not share with nonaffiliates so they can market to you.* |
| **Joint marketing** | A formal agreement between nonaffiliated financial companies that together market financial products or services to you.<br>■ *The Fund does not jointly market.* |

---

---

| |
|:---|
| **Investment Adviser** |
| Booster Asset Management, LLC |
| 1745 S Naperville Road, Suite 200 |
| Wheaton, IL 60189 |
| **Investment Sub-Adviser** |
| Brookstone Asset Management, LLC |
| 1745 S Naperville Road, Suite 200 |
| Wheaton, IL 60189 |
| **Administrator** |
| Ultimus Fund Solutions, LLC |
| 225 Pictoria Drive Suite 450 |
| Cincinnati, OH 45246 |

---

**How to Obtain Proxy Voting Information**

Information regarding how the Fund votes proxies relating to portfolio securities for the 12 month period ended June 30<sup>th</sup> as well as a description of the policies and procedures that the Fund used to determine how to vote proxies is available without charge, upon request, by calling 1-833-510-8133 or by referring to the Securities and Exchange Commission's ("SEC") website at <u>http://www.sec.gov</u>.

**How to Obtain 1<sup>st</sup> and 3<sup>rd</sup> Fiscal Quarter Portfolio Holdings**

The Fund files its complete schedule of portfolio holdings with the SEC for the first and third quarters of each fiscal year on Form N-PORT. Form N-PORT is available on the SEC's website at <u>http://www.sec.gov</u> and may be reviewed and copied at the SEC's Public Reference Room in Washington, DC (1-800-SEC-0330). The information on Form N-PORT is available without charge, upon request, by calling 1-833-510-8133.

*Booster-SAR26*

(b) Not applicable

**Item 2. Code of Ethics.** Not applicable.

**Item 3. Audit Committee Financial Expert.** Not applicable.

**Item 4. Principal Accountant Fees and Services.** Not applicable.

**Item 5. Audit Committee of Listed Registrants.** Not applicable.

**Item 6. Investments.** 

The Registrant's schedule of investments in unaffiliated issuers is included in the Financial Statements under Item 1 of this form.

**Item 7. Financial Statements and Financial Highlights for Open-End Management Investment Companies.**

Not applicable – Closed-End Fund

**Item 8. Changes in and Disagreements with Accountants for Open-End Management Investment Companies.** 

Not applicable

**Item 9. Proxy Disclosures for Open-End Management Investment Companies.** 

Not applicable

**Item 10. Remuneration Paid to Directors, Officers, and Others of Open-End Management Investment Companies.** 

Not applicable

**Item 11. Statement Regarding Basis for Approval of Investment Advisory Contract.**

Included under Item 1

**Item 12. Disclosure of Proxy Voting Policies and Procedures for Closed-End Management Investment Companies.** 

Not applicable.

**Item 13. Portfolio Managers of Closed-End Management Investment Companies.** 

Not applicable.

**Item 14. Purchases of Equity Securities by Closed-End Management Investment Company and Affiliated Purchasers.** 

Not applicable

**Item 15. Submission of Matters to a Vote of Security Holders.** 

None

**Item 16. Controls and Procedures** 

(a) The registrant's Principal Executive Officer and Principal Financial Officer have concluded that the registrant's disclosure controls and procedures (as defined in Rule 30a-3(c) under the Act) are effective in design and operation and are sufficient to form the basis of the certifications required by Rule 30a-(2) under the Act, based on their evaluation of these disclosure controls and procedures as of a date within 90 days of this report on Form N-CSR.

(b) There were no changes in the registrant's internal control over financial reporting (as defined in Rule 30a-3(d) under the Act) during the period covered by this report that have materially affected, or are reasonably likely to materially affect, the registrant's internal control over financial reporting.

**Item 17. Disclosure of Securities Lending Activities for Closed-End Management Investment Companies.** 

Not applicable

**Item 18. Recovery of Erroneously Awarded Compensation.**

(a) Not applicable

(b) Not applicable

**Item 19. Exhibits.** 

(a)(1) Code of Ethics for Principal Executive and Senior Financial Officers. Exhibit 99.CODE

(a)(2) Not applicable

(a)(3) A separate certification for each principal executive officer and principal financial officer of the registrant as required by Rule 30a-2(a) under the Act (17 CFR 270.30a-2(a)): [Attached hereto. Exhibit 99. CERT](ex99-cert.htm)

(a)(4) Not applicable

(b) Certifications required by Rule 30a-2(b) under the Act (17 CFR 270.30a-2(b)): [Attached hereto Exhibit 99.906CERT](ex99-906cert.htm)

**SIGNATURES**

Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

Trust Name: <u>Alternative Strategies Income Fund</u> 

---

| | |
|:---|:---|
| By | /s/ Dean Zayed |

---

Dean Zayed <br> Principal Executive Officer/President <br> Date: 05/08/2026

Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, this report has been signed below by the following persons on behalf of the registrant and in the capacities and on the dates indicated.

---

| | |
|:---|:---|
| By | /s/ Dean Zayed |

---

Dean Zayed <br> Principal Executive Officer/President <br> Date: 05/08/2026

---

| | |
|:---|:---|
| By | /s/ Jessica Chase |

---

Jessica Chase <br> Principal Financial Officer/Treasurer <br> Date: 05/08/2026

## Ex-99.Cert

**Certification** [Exhibit 99. CERT]

I, Dean Zayed, certify that:

&nbsp;&nbsp;&nbsp;&nbsp;1. I
 have reviewed this report on Form N-CSR of the Booster Income Opportunities Fund (the "registrant");

&nbsp;&nbsp;&nbsp;&nbsp;2. Based
 on my knowledge, this report does not contain any untrue statement of a material fact or
 omit to state a material fact necessary to make the statements made, in light of the circumstances
 under which such statements were made, not misleading with respect to the period covered
 by this report;

&nbsp;&nbsp;&nbsp;&nbsp;3. Based
 on my knowledge, the financial statements, and other financial information included in this
 report, fairly present in all material respects the financial condition, results of operations,
 changes in net assets, and cash flows (if the financial statements are required to include
 a statement of cash flows) of the registrant as of, and for, the periods presented in this
 report;

&nbsp;&nbsp;&nbsp;&nbsp;4. The
 registrant's other certifying officer(s) and I are responsible for establishing and maintaining
 disclosure controls and procedures (as defined in rule 30a-3(c) under the Investment Company
 Act of 1940) and internal control over financial reporting (as defined in Rule 30a-3(d) under
 the Investment Company Act of 1940) for the registrant and have:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;a. Designed
 such disclosure controls and procedures, or caused such disclosure controls and procedures
 to be designed under our supervision, to ensure that material information relating to the
 registrant, including its consolidated subsidiaries, is made known to us by others within
 those entities, particularly during the period in which this report is being prepared;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;b. Designed
 such internal control over financial reporting, or caused such internal control over financial
 reporting to be designed under our supervision, to provide reasonable assurance regarding
 the reliability of financial reporting and the preparation of financial statements for external
 purposes in accordance with generally accepted accounting principles;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;c. Evaluated
 the effectiveness of the registrant's disclosure controls and procedures and presented in
 this report our conclusions about the effectiveness of the disclosure controls and procedures,
 as of a date within 90 days prior to the filing date of this report based on such evaluation;
 and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;d. Disclosed
 in this report any change in the registrant's internal control over financial reporting
 that occurred during the period covered by this report that has materially affected, or is
 reasonably likely to materially affect, the registrant's internal control over financial
 reporting; and

&nbsp;&nbsp;&nbsp;&nbsp;5. The
 registrant's other certifying officer(s) and I have disclosed to the registrant's auditors
 and the audit committee of the registrant's board of directors (or persons performing the
 equivalent functions):

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;a. All
 significant deficiencies and material weaknesses in the design or operation of internal control
 over financial reporting which are reasonably likely to adversely affect the registrant's
 ability to record, process, summarize, and report financial information; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;b. Any
 fraud, whether or not material, that involves management or other employees who have a significant
 role in the registrant's internal control over financial reporting.

---

| | | |
|:---|:---|:---|
| Date: | 05/08/2026 | /s/ Dean Zayed |
|  |  | Dean Zayed |
|  |  | Principal Executive Officer/President |

---

**Certification** [Exhibit 99. CERT]

I, Jessica Chase, certify that:

&nbsp;&nbsp;&nbsp;&nbsp;1. I
 have reviewed this report on Form N-CSR of the Booster Income Opportunities Fund (the "registrant");

&nbsp;&nbsp;&nbsp;&nbsp;2. Based
 on my knowledge, this report does not contain any untrue statement of a material fact or
 omit to state a material fact necessary to make the statements made, in light of the circumstances
 under which such statements were made, not misleading with respect to the period covered
 by this report;

&nbsp;&nbsp;&nbsp;&nbsp;3. Based
 on my knowledge, the financial statements, and other financial information included in this
 report, fairly present in all material respects the financial condition, results of operations,
 changes in net assets, and cash flows (if the financial statements are required to include
 a statement of cash flows) of the registrant as of, and for, the periods presented in this
 report;

&nbsp;&nbsp;&nbsp;&nbsp;4. The
 registrant's other certifying officer(s) and I are responsible for establishing and maintaining
 disclosure controls and procedures (as defined in rule 30a-3(c) under the Investment Company
 Act of 1940) and internal control over financial reporting (as defined in Rule 30a-3(d) under
 the Investment Company Act of 1940) for the registrant and have:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;a. Designed
 such disclosure controls and procedures, or caused such disclosure controls and procedures
 to be designed under our supervision, to ensure that material information relating to the
 registrant, including its consolidated subsidiaries, is made known to us by others within
 those entities, particularly during the period in which this report is being prepared;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;b. Designed
 such internal control over financial reporting, or caused such internal control over financial
 reporting to be designed under our supervision, to provide reasonable assurance regarding
 the reliability of financial reporting and the preparation of financial statements for external
 purposes in accordance with generally accepted accounting principles;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;c. Evaluated
 the effectiveness of the registrant's disclosure controls and procedures and presented in
 this report our conclusions about the effectiveness of the disclosure controls and procedures,
 as of a date within 90 days prior to the filing date of this report based on such evaluation;
 and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;d. Disclosed
 in this report any change in the registrant's internal control over financial reporting
 that occurred during the period covered by this report that has materially affected, or is
 reasonably likely to materially affect, the registrant's internal control over financial
 reporting; and

&nbsp;&nbsp;&nbsp;&nbsp;5. The
 registrant's other certifying officer(s) and I have disclosed to the registrant's auditors
 and the audit committee of the registrant's board of directors (or persons performing the
 equivalent functions):

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;a. All
 significant deficiencies and material weaknesses in the design or operation of internal control
 over financial reporting which are reasonably likely to adversely affect the registrant's
 ability to record, process, summarize, and report financial information; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;b. Any
 fraud, whether or not material, that involves management or other employees who have a significant
 role in the registrant's internal control over financial reporting.

---

| | | |
|:---|:---|:---|
| Date: | 05/08/2026 | /s/ Jessica Chase |
|  |  | Jessica Chase |
|  |  | Principal Financial Officer/Treasurer |

---

## Exhibit 99.906

**CERTIFICATION** [Exhibit 99.906CERT]

Dean Zayed, Principal Executive Officer/President, and Jessica Chase, Principal Financial Officer/Treasurer of Booster Income Opportunities Fund (the "Registrant"), each certify to the best of his/her knowledge that:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1. The Registrant's periodic report on Form N-CSR for the period ended February 28, 2026, (the "Form N-CSR") fully complies with the requirements of Section 13(a) or 15(d), as applicable, of the Securities Exchange Act of 1934, and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2. The information contained in the Form N-CSR fairly presents, in all material respects, the financial condition and results of operations of the Registrant.

---

| | | | |
|:---|:---|:---|:---|
| Principal Executive Officer/President | Principal Executive Officer/President | Principal Financial Officer/Treasurer | Principal Financial Officer/Treasurer |
| Booster Income Opportunities Fund | Booster Income Opportunities Fund | Booster Income Opportunities Fund | Booster Income Opportunities Fund |
| /s/ Dean Zayed | /s/ Dean Zayed | /s/ Jessica Chase | /s/ Jessica Chase |
| Dean Zayed | Dean Zayed | Jessica Chase | Jessica Chase |
| Date: | 05/08/2026 | Date: | 05/08/2026 |

---

This certification is being furnished to the Commission solely pursuant to 18 U.S.C. § 1350 and is not being filed as part of the Form N-CSR filed with the Commission.