DENALI FUND INC. 4
4 · DENALI FUND INC. · Filed Mar 24, 2015
Insider Transaction Report
Form 4
STEWART WEST INDIES TRUST
10% Owner
Transactions
- Sale
Common Stock
2015-03-20−56,608→ 0 total
Footnotes (3)
- [F1]Disposed of on March 20, 2015 pursuant to an Agreement and Plan of Reorganization between the Issuer and Boulder Growth & Income Fund, Inc. (BIF) and two affiliated funds in exchange for BIF common stock at a conversion rate of 2.439214 shares of BIF common stock (net asset value $10.73 per share) for each share of Issuers common stock (net asset value $26.18 per share).
- [F2]The trustee of the Stewart West Indies Trust (the "Trust") is Alaska Trust Company, which may be deemed to control the Trust. As a result of his advisory role with the Trust, Stewart R. Horejsi may be deemed to have indirect beneficial ownership of the Shares directly beneficially owned by the Trust. However, Mr. Horejsi disclaims such beneficial ownership of the Shares directly beneficially held by the Trust.
- [F3]Trusts, persons and entities affiliated with the Trust, including the Lola Brown Trust No. 1B, Mildred B. Horejsi Trust and Susan L. Ciciora Trust owned an aggregate of 3,196,432 Shares of the Issuer prior to the reorganization of the Issuer on March 20, 2015.