The Denali Fund Inc. Declares Dividend

The Denali Fund Inc. (NYSE: DNY) announced today that it has declared a dividend of $0.16362 per common share payable in cash on July 30, 2013 to holders of record on July 23, 2013. In accordance with generally accepted accounting principles (“GAAP”), the dividend will consist of approximately $0.04929 per share of ordinary income, $0.04327 per share of short-term capital gain and $0.07106 per share of long-term capital gain. The timing and character of distributions for federal income tax purposes are determined in accordance with income tax regulations which may differ from GAAP. As such, all or a portion of this distribution may be reportable as taxable income on your 2013 federal income tax return. The final tax character of any distribution declared in 2013 will be determined in January 2014 and reported to you on IRS Form 1099-DIV.... Read more

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