4//SEC Filing
DENALI FUND INC. 4
Accession 0001247992-15-000001
CIK 0001187520other
Filed
Mar 23, 8:00 PM ET
Accepted
Mar 24, 6:12 PM ET
Size
7.8 KB
Accession
0001247992-15-000001
Insider Transaction Report
Form 4
LOLA BROWN TRUST 1B
10% Owner
Transactions
- Sale
Common Stock
2015-03-20−949,751.58→ 0 total
HOREJSI STEWART R
10% Owner
Transactions
- Sale
Common Stock
2015-03-20−949,751.58→ 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 trustees of the Lola Brown Trust No. 1B (the "Brown Trust") are Alaska Trust Company ("Alaska Trust"), Susan L. Ciciora and Larry Dunlap. Such trustees may be deemed to control the Brown Trust and may be deemed to possess indirect beneficial ownership of the Shares held by the Brown Trust. However, none of the trustees, acting alone, can vote or exercise dispositive authority over Shares held by the Brown Trust. Accordingly, Alaska Trust, Ms. Ciciora and Mr. Dunlap disclaim beneficial ownership of the Shares beneficially owned, directly or indirectly, by the Brown Trust. In addition to serving as a trustee, Ms. Ciciora is also a beneficiary of the Brown Trust. As a result of his advisory role with the Brown Trust, Stewart R. Horejsi may be deemed to have indirect beneficial ownership of the Shares directly beneficially owned by the Brown Trust. However, Mr. Horejsi disclaims such beneficial ownership of the Shares directly beneficially held by the Brown Trust.
- [F3]Trusts, persons and entities affiliated with the Brown Trust, including the Mildred B. Horejsi Trust, Susan L. Ciciora Trust and Stewart West Indies Trust owned an aggregate of 3,196,432 Shares of the Issuer prior to the reorganization of the Issuer on March 20, 2015.
Documents
Issuer
DENALI FUND INC.
CIK 0001187520
Entity typeother
IncorporatedMD
Related Parties
1- filerCIK 0001187520
Filing Metadata
- Form type
- 4
- Filed
- Mar 23, 8:00 PM ET
- Accepted
- Mar 24, 6:12 PM ET
- Size
- 7.8 KB