4/A//SEC Filing
DENALI FUND INC. 4/A
Accession 0001535783-15-000004
CIK 0001187520other
Filed
May 5, 8:00 PM ET
Accepted
May 6, 1:50 PM ET
Size
6.4 KB
Accession
0001535783-15-000004
Insider Transaction Report
Form 4/AAmended
NORGAARD STEVEN K
Director
Transactions
- Disposition to Issuer
Common Stock
2015-03-20−500→ 0 total
Footnotes (2)
- [F1]On March 20, 2015, Boulder Total Return Fund, Inc. ("BTF"), The Denali Fund Inc. ("DNY") and First Opportunity Fund, Inc. ("FOFI") reorganized into Boulder Growth & Income Fund, Inc. ("BIF") (the "Reorganization") pursuant to that certain Agreement and Plan of Reorganization, dated as of March 5, 2015 (the "Agreement"). Pursuant to the Agreement, BIF acquired all of the assets and liabilities of BTF, DNY and FOFI in exchange for common shares of BIF (the "BIF Shares").
- [F2]The Reorganization occurred based on the relative net asset values ("NAV") of BIF, BTF, DNY and FOFI as of the close of regular trading on the New York Stock Exchange on March 20, 2015. At such time, BIF reported net assets of $273,608,352.67 and a NAV per share of $10.73 and DNY reported net assets of $108,819,429.37 and a NAV per share of $26.18. Holders of DNY shares received 2.439214 BIF Shares for each DNY share owned. Fractional shares were paid in cash. In connection with the Reorganization, Mr. Norgaard received 1,219 BIF Shares (and cash for fractional shares, if any) for his 500 shares of DNY.
Documents
Issuer
DENALI FUND INC.
CIK 0001187520
Entity typeother
IncorporatedMD
Related Parties
1- filerCIK 0001187520
Filing Metadata
- Form type
- 4/A
- Filed
- May 5, 8:00 PM ET
- Accepted
- May 6, 1:50 PM ET
- Size
- 6.4 KB