The Denali Fund Inc. Declares Dividend

The Denali Fund Inc. (NYSE: DNY) announced today that it has declared a dividend of $0.24 per common share payable in cash on July 29, 2011 to holders of record on July 22, 2011. The dividend will consist of approximately $0.14 per share short-term capital gain and $0.10 per share long-term capital gain. The amounts and sources of distributions reported are only estimates and are not provided for tax reporting purposes. After the end of the calendar year, stockholders will receive a 1099-DIV from their broker or transfer agent informing them how to report distributions received during that year for federal income tax purposes. The Fund is expected to trade ex-dividend on July 20, 2011.... Read more

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