The Denali Fund Inc. Declares Dividend

Business and Finance Business and Finance

Mon, December 21, 2009

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Colonial Properties Trust Announces Date of Fourth Quarter 2009 Conference Call

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[ Mon, Dec 21st 2009 ] - Market Wire

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[ Mon, Dec 21st 2009 ] - Market Wire

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[ Mon, Dec 21st 2009 ] - Market Wire

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[ Mon, Dec 21st 2009 ] - Market Wire

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[ Sun, Dec 20th 2009 ] - Market Wire

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[ Fri, Dec 18th 2009 ] - Market Wire

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The Denali Fund Inc. Declares Dividend

The Denali Fund Inc. Declares Dividend

^{Published on 2009-12-18 16:15:28 - Market Wire}

BOULDER, Colo.--([ BUSINESS WIRE ])--The Denali Fund Inc. (NYSE: DNY) announced today that it has declared a common stock dividend of $0.17 per share payable on December 31, 2009 to holders of record on December 28, 2009. The dividend will consist of approximately $0.05 per share net investment income and $0.12 per share short-term capital gains. Stockholders will receive a 1099-DIV from their broker or transfer agent showing the tax characteristics of the distribution. The Fund is expected to trade ex-dividend on December 23, 2009.

For more information on the Fund, please visit us on the Web at [ www.thedenalifund.com ].

The Denali Fund Inc. is a non-diversified, closed-end management investment company. As of Friday, December 18, 2009 the Fund's net asset value ("NAV") was $16.46 per share and the closing market price was $13.80, which is a 16.2% discount to NAV.