As of
March 12, 2010
March 12, 2010
| NAV | MARKET | Premium/(Discount) |
| $17.86 | $15.95 | (10.7)% |
AWARDS
The Denali Fund Inc.:
Ranks #1 in the Lipper Closed-End Equity Fund Performance Analysis for Real Estate Funds for the 1-Year Ended December 31, 2008
Ranks #1 in the Lipper Closed-End Equity Fund Performance Analysis for Real Estate Funds for the 5-Year Ended December 31, 2008
The Denali Fund Inc.:
Ranks #1 in the Lipper Closed-End Equity Fund Performance Analysis for Real Estate Funds for the 1-Year Ended December 31, 2008
Ranks #1 in the Lipper Closed-End Equity Fund Performance Analysis for Real Estate Funds for the 5-Year Ended December 31, 2008