The Denali Fund Inc. Declares Dividend

The Denali Fund Inc. (NYSE: DNY) announced that earlier today its board of directors declared a dividend of $1.46736 per common share payable in cash on December 30, 2014 to holders of record on December 22, 2014. In accordance with generally accepted accounting principles (“GAAP”), the dividend will consist of $1.46736 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 2014 federal income tax return. The final tax character of any distribution declared in 2014 will be determined in January 2015 and reported to you on IRS Form 1099-DIV.... Read more

Older articles featuring DNY: