Denali Fund (DNY) N-PX Annual report of proxy voting record

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM N-PX

ANNUAL REPORT OF PROXY VOTING RECORD OF REGISTERED MANAGEMENT INVESTMENT COMPANY

Investment Company Act file number: 811-21200

THE DENALI FUND INC.

 (Exact name of registrant as specified in charter)

Fund Administrative Services, LLC

 2344 Spruce Street, Suite A, Boulder, CO 80302

(Address of principal executive offices) (Zip code)

Fund Administrative Services, LLC

2344 Spruce Street, Suite A, Boulder, CO 80302

(Name and address of agent for service)

Registrant’s Telephone Number, including Area Code: (303) 444-5483

Date of fiscal year end: October 31

Date of reporting period: July 1, 2012 – June 30, 2013

Form N-PX is to be used by a registered management investment company, other than a small business investment company registered on Form N-5 (§§ 239.24 and 274.5 of this chapter), to file reports with the Commission, not later than August 31 of each year, containing the registrant’s proxy voting record for the most recent twelve-month period ended June 30, pursuant to section 30 of the Investment Company Act of 1940 and rule 30b1-4 thereunder (17 CFR 270.30b1-4). The Commission may use the information provided on Form N-PX in its regulatory, disclosure review, inspection, and policymaking roles.

A registrant is required to disclose the information specified by Form N-PX, and the Commission will make this information public. A registrant is not required to respond to the collection of information contained in Form N-PX unless the Form displays a currently valid Office of Management and Budget (“OMB”) control number. Please direct comments concerning the accuracy of the information collection burden estimate and any suggestions for reducing the burden to the Secretary, Securities and Exchange Commission, 450 Fifth Street, NW, Washington, DC 20549-0609. The OMB has reviewed this collection of information under the clearance requirements of 44 U.S.C. § 3507.

Item 1. Proxy Voting Record

For Period July 1, 2012 to June 30, 2013

								Matter
			Shareholder					Proposed			For or
	Ticker		Meeting	Record	Meeting	Proposal		by Issuer	Vote Cast	Vote	Against
Name of Issuer	Symbol	CUSIP	Date	Date	Type	Number	Description of Matter to be Voted On	or Holder	(Yes or Abstain)	(For or Against)	Management
THE PROCTER & GAMBLE COMPANY	PG	742718109	10/9/2012	8/10/2012	Annual	1	Election of directors. Nominees:
							1) ELECTION OF DIRECTOR: ANGELA F. BRALY	Issuer	Yes	For	For
							2) ELECTION OF DIRECTOR: KENNETH I. CHENAULT	Issuer	Yes	For	For
							3) ELECTION OF DIRECTOR: SCOTT D. COOK	Issuer	Yes	For	For
							4) ELECTION OF DIRECTOR: SUSAN DESMOND-HELLMANN	Issuer	Yes	For	For
							5) ELECTION OF DIRECTOR: ROBERT A. MCDONALD	Issuer	Yes	For	For
							6) ELECTION OF DIRECTOR: W. JAMES MCNERNEY, JR.	Issuer	Yes	For	For
							7) ELECTION OF DIRECTOR: JOHNATHAN A. RODGERS	Issuer	Yes	For	For
							8) ELECTION OF DIRECTOR: MARGARET C. WHITMAN	Issuer	Yes	For	For
							9) ELECTION OF DIRECTOR: MARY AGNES WILDEROTTER	Issuer	Yes	For	For
							10) ELECTION OF DIRECTOR: PATRICIA A. WOERTZ	Issuer	Yes	For	For
							11) ELECTION OF DIRECTOR: ERNESTO ZEDILLO	Issuer	Yes	For	For
						2	RATIFY APPOINTMENT OF THE INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM	Issuer	Yes	For	For
						3	ADVISORY VOTE ON EXECUTIVE COMPENSATION (THE SAY ON PAY VOTE)	Issuer	Yes	For	For
						4	SHAREHOLDER PROPOSAL #1 - SAY ON POLITICAL CONTRIBUTION (PAGE 67 OF PROXY STATEMENT)	Holder	Yes	Against	For
						5	SHAREHOLDER PROPOSAL #2 - PRODUCER RESPONSIBILITY FOR PACKAGING (PAGE 70 OF PROXY STATEMENT)	Holder	Yes	Against	For
						6	SHAREHOLDER PROPOSAL #3 - ADOPT SIMPLE MAJORITY VOTE (PAGE 72 OF PROXY STATEMENT)	Holder	Yes	Against	For
ADVENT/CLAYMORE CONV SEC AND INC II-W7	AGC-W	007639305	10/24/2012	9/21/2012	Annual	1	Election of directors. Nominees:
							1) ELECTION OF CLASS III DIRECTOR: MR. TRACY V. MAITLAND	Issuer	Yes	For	For
							2) ELECTION OF CLASS III DIRECTOR: MR. RONALD A. NYBERG	Issuer	Yes	For	For
							3) ELECTION OF CLASS II DIRECTOR: MR. MICHAEL A. SMART	Issuer	Yes	For	For
CISCO SYSTEMS, INC.	CSCO	17275R102	11/15/2012	9/17/2012	Annual	1	Election of directors. Nominees:
							1) CAROL A. BARTZ	Issuer	Yes	For	For
							2) MARC BENIOFF	Issuer	Yes	For	For
							3) M. MICHELE BURNS	Issuer	Yes	For	For
							4) MICHAEL D. CAPELLAS	Issuer	Yes	For	For
							5) LARRY R. CARTER	Issuer	Yes	For	For
							6) JOHN T. CHAMBERS	Issuer	Yes	For	For
							7) BRIAN L. HALLA	Issuer	Yes	For	For
							8) DR. JOHN L. HENNESSY	Issuer	Yes	For	For
							9) DR. KRISTINA M. JOHNSON	Issuer	Yes	For	For
							10) RICHARD M. KOVACEVICH	Issuer	Yes	For	For
							11) RODERICK C. MCGEARY	Issuer	Yes	For	For
							12) ARUN SARIN	Issuer	Yes	For	For
							13) STEVEN M. WEST	Issuer	Yes	For	For
						2	APPROVAL OF AMENDMENT AND RESTATEMENT OF THE EXECUTIVE INCENTIVE PLAN.	Issuer	Yes	For	For
						3	APPROVAL, ON AN ADVISORY BASIS, OF EXECUTIVE COMPENSATION.	Issuer	Yes	For	For
						4	RATIFICATION OF PRICEWATERHOUSECOOPERS LLP AS CISCO'S INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM FOR FISCAL 2013.	Issuer	Yes	For	For
						5	APPROVAL TO HAVE CISCO'S BOARD ADOPT A POLICY TO HAVE AN INDEPENDENT BOARD CHAIRMAN WHENEVER POSSIBLE.	Holder	Yes	Against	For
						6	APPROVAL TO REQUEST CISCO MANAGEMENT TO PREPARE A REPORT ON "CONFLICT MINERALS" IN CISCO'S SUPPLY CHAIN.	Holder	Yes	Against	For
WELLS FARGO & COMPANY	WFC	949746101	4/23/2013	2/26/2013	Annual	1	Election of directors. Nominees:
							1) ELECTION OF DIRECTOR: JOHN D. BAKER II	Issuer	Yes	For	For
							2) ELECTION OF DIRECTOR: ELAINE L. CHAO	Issuer	Yes	For	For
							3) ELECTION OF DIRECTOR: JOHN S. CHEN	Issuer	Yes	For	For
							4) ELECTION OF DIRECTOR: LLOYD H. DEAN	Issuer	Yes	For	For
							5) ELECTION OF DIRECTOR: SUSAN E. ENGEL	Issuer	Yes	For	For
							6) ELECTION OF DIRECTOR: ENRIQUE HERNANDEZ, JR.	Issuer	Yes	For	For
							7) ELECTION OF DIRECTOR: DONALD M. JAMES	Issuer	Yes	For	For
							8) ELECTION OF DIRECTOR: CYNTHIA H. MILLIGAN	Issuer	Yes	For	For
							9) ELECTION OF DIRECTOR: FEDERICO F. PENA	Issuer	Yes	For	For
							10) ELECTION OF DIRECTOR: HOWARD V. RICHARDSON	Issuer	Yes	For	For
							11) ELECTION OF DIRECTOR: JUDITH M. RUNSTAD	Issuer	Yes	For	For
							12) ELECTION OF DIRECTOR: STEPHEN W. SANGER	Issuer	Yes	For	For
							13) ELECTION OF DIRECTOR: JOHN G. STUMPF	Issuer	Yes	For	For
							14) ELECTION OF DIRECTOR: SUSAN G. SWENSON	Issuer	Yes	For	For
						2	ADVISORY RESOLUTION TO APPROVE EXECUTIVE COMPENSATION.	Issuer	Yes	For	For
						3	PROPOSAL TO APPROVE THE COMPANY'S AMENDED AND RESTATED LONG-TERM INCENTIVE COMPENSATION PLAN.	Issuer	Yes	For	For
						4	PROPOSAL TO RATIFY THE APPOINTMENT OF KPMG LLP AS THE COMPANY'S INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM FOR 2013.	Issuer	Yes	For	For
						5	STOCKHOLDER PROPOSAL TO ADOPT A POLICY REQUIRING AN INDEPENDENT CHAIRMAN.	Holder	Yes	Against	For
						6	STOCKHOLDER PROPOSAL TO PROVIDE A REPORT ON THE COMPANY'S LOBBYING POLICIES AND PRACTICES.	Holder	Yes	Against	For
						7	STOCKHOLDER PROPOSAL TO REVIEW AND REPORT ON INTERNAL CONTROLS OVER THE COMPANY'S MORTGAGE SERVICING AND FORECLOSURE PRACTICES.	Holder	Yes	Against	For
SANOFI	SNY	80105N105	5/3/2013	3/25/2013	Annual	1	APPROVAL OF THE INDIVIDUAL COMPANY FINANCIAL STATEMENTS FOR THE YEAR ENDED DECEMBER 31, 2012	Issuer	Yes	For	For
						2	APPROVAL OF THE CONSOLIDATED FINANCIAL STATEMENTS FOR THE YEAR ENDED DECEMBER 31, 2012	Issuer	Yes	For	For
						3	APPROPRIATION OF PROFITS, DECLARATION OF DIVIDEND	Issuer	Yes	For	For
						4	APPOINTMENT OF A DIRECTOR (FABIENNE LECORVAISIER)	Issuer	Yes	For	For
						5	AUTHORIZATION TO THE BOARD OF DIRECTORS TO CARRY OUT TRANSACTIONS IN SHARES ISSUED BY THE COMPANY	Issuer	Yes	For	For
						6	DELEGATION TO THE BOARD OF DIRECTORS OF AUTHORITY TO DECIDE THE ISSUANCE, WITH PREEMPTIVE RIGHTS MAINTAINED, OF SHARES AND/OR SECURITIES GIVING ACCESS TO THE COMPANY'S CAPITAL AND/OR SECURITIES GIVING ENTITLEMENT TO THE ALLOTMENT OF DEBT INSTRUMENTS	Issuer	Yes	For	For
						7	DELEGATION TO THE BOARD OF DIRECTORS OF AUTHORITY TO DECIDE THE ISSUANCE, WITH PREEMPTIVE RIGHT BEING CANCELLED, OF SHARES AND/OR SECURITIES GIVING ACCESS TO THE COMPANY'S CAPITAL AND/OR SECURITIES GIVING ENTITLEMENT TO THE ALLOTMENT OF DEBT INSTRUMENTS BY PUBLIC OFFERING	Issuer	Yes	For	For
						8	POSSIBILITY OF ISSUING, WITHOUT PREEMPTIVE RIGHT, SHARES OR SECURITIES GIVING ACCESS TO THE COMPANY'S CAPITAL AS CONSIDERATION FOR ASSETS TRANSFERRED TO THE COMPANY AS A CAPITAL CONTRIBUTION IN KIND IN THE FORM OF SHARES OR SECURITIES GIVING ACCESS TO THE CAPITAL OF ANOTHER COMPANY	Issuer	Yes	For	For
						9	DELEGATION TO THE BOARD OF DIRECTORS OF AUTHORITY TO INCREASE THE NUMBER OF SHARES TO BE ISSUED IN THE EVENT OF A CAPITAL INCREASE WITH OR WITHOUT PREEMPTIVE RIGHTS	Issuer	Yes	For	For
						10	DELEGATION TO THE BOARD OF DIRECTORS OF AUTHORITY TO DECIDE TO CARRY OUT INCREASES IN THE SHARE CAPITAL BY INCORPORATION OF SHARE PREMIUM, RESERVES, PROFITS OR OTHER ITEMS	Issuer	Yes	For	For
						11	DELEGATION TO THE BOARD OF DIRECTORS OF AUTHORITY TO DECIDE THE ISSUANCE OF SHARES OR SECURITIES GIVING ACCESS TO THE COMPANY'S CAPITAL RESERVED FOR MEMBERS OF SAVINGS PLANS, WITH WAIVER OF PREEMPTIVE RIGHT IN THEIR FAVOR	Issuer	Yes	For	For
						12	DELEGATION TO THE BOARD OF DIRECTORS OF AUTHORITY TO ALLOT, WITHOUT PREEMPTIVE RIGHT, EXISTING OR NEW RESTRICTED SHARES IN FULL OR PARTIAL SUBSTITUTION FOR THE DISCOUNT TO A CAPITAL INCREASE RESERVED FOR SALARIED EMPLOYEES	Issuer	Yes	For	For
						13	DELEGATION TO THE BOARD OF DIRECTORS OF AUTHORITY TO GRANT, WITHOUT PREEMPTIVE RIGHT, OPTIONS TO SUBSCRIBE FOR OR PURCHASE SHARES	Issuer	Yes	For	For
						14	AUTHORIZATION TO THE BOARD OF DIRECTORS TO REDUCE THE SHARE CAPITAL BY CANCELLATION OF TREASURY SHARES	Issuer	Yes	For	For
						15	POWERS FOR FORMALITIES	Issuer	Yes	For	For
JOHNSON & JOHNSON	JNJ	478160104	4/25/2013	2/26/2013	Annual	1	Election of directors. Nominees:
							1) ELECTION OF DIRECTOR: MARY SUE COLEMAN	Issuer	Yes	For	For
							2) ELECTION OF DIRECTOR: JAMES G. CULLEN	Issuer	Yes	For	For
							3) ELECTION OF DIRECTOR: IAN E.L. DAVIS	Issuer	Yes	For	For
							4) ELECTION OF DIRECTOR: ALEX GORSKY	Issuer	Yes	For	For
							5) ELECTION OF DIRECTOR: MICHAEL M.E. JOHNS	Issuer	Yes	For	For
							6) ELECTION OF DIRECTOR: SUSAN L. LINDQUIST	Issuer	Yes	For	For
							7) ELECTION OF DIRECTOR: ANNE M. MULCAHY	Issuer	Yes	For	For
							8) ELECTION OF DIRECTOR: LEO F. MULLIN	Issuer	Yes	For	For
							9) ELECTION OF DIRECTOR: WILLIAM D. PEREZ	Issuer	Yes	For	For
							10) ELECTION OF DIRECTOR: CHARLES PRINCE	Issuer	Yes	For	For
							11) ELECTION OF DIRECTOR: A. EUGENE WASHINGTON	Issuer	Yes	For	For
							12) ELECTION OF DIRECTOR: RONALD A. WILLIAMS	Issuer	Yes	For	For
						2	ADVISORY VOTE TO APPROVE NAMED EXECUTIVE OFFICER COMPENSATION	Issuer	Yes	For	For
						3	RATIFICATION OF APPOINTMENT OF PRICEWATERHOUSECOOPERS LLP AS INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM FOR 2013	Issuer	Yes	For	For
						4	SHAREHOLDER PROPOSAL - EXECUTIVES TO RETAIN SIGNIFICANT STOCK	Holder	Yes	Against	For
						5	SHAREHOLDER PROPOSAL ON POLITICAL CONTRIBUTIONS AND CORPORATE VALUES	Holder	Yes	Against	For
						6	SHAREHOLDER PROPOSAL ON INDEPENDENT BOARD CHAIRMAN	Holder	Yes	Against	For
COHEN & STEERS INFRASTRUCTURE FUND, INC	CNS	19248A109	4/25/2013	2/20/2013	Annual	1	Election of directors. Nominees:
							1) MARTIN COHEN	Issuer	Yes	For	For
							2) RICHARD J. NORMAN	Issuer	Yes	For	For
							3) FRANK K. ROSS	Issuer	Yes	For	For
INTERNATIONAL BUSINESS MACHINES CORP.	IBM	459200101	4/30/2013	3/1/2013	Annual	1	Election of directors. Nominees:
							1) ELECTION OF DIRECTOR: A.J.P. BELDA	Issuer	Yes	For	For
							2) ELECTION OF DIRECTOR: W.R. BRODY	Issuer	Yes	For	For
							3) ELECTION OF DIRECTOR: K.I. CHENAULT	Issuer	Yes	For	For
							4) ELECTION OF DIRECTOR: M.L. ESKEW	Issuer	Yes	For	For
							5) ELECTION OF DIRECTOR: D.N. FARR	Issuer	Yes	For	For
							6) ELECTION OF DIRECTOR: S.A. JACKSON	Issuer	Yes	For	For
							7) ELECTION OF DIRECTOR: A.N. LIVERIS	Issuer	Yes	For	For
							8) ELECTION OF DIRECTOR: W.J. MCNERNEY, JR.	Issuer	Yes	For	For
							9) ELECTION OF DIRECTOR: J.W. OWENS	Issuer	Yes	For	For
							10) ELECTION OF DIRECTOR: V.M. ROMETTY	Issuer	Yes	For	For
							11) ELECTION OF DIRECTOR: J.E. SPERO	Issuer	Yes	For	For
							12) ELECTION OF DIRECTOR: S. TAUREL	Issuer	Yes	For	For
							13) ELECTION OF DIRECTOR: L.H. ZAMBRANO	Issuer	Yes	For	For
						2	RATIFICATION OF APPOINTMENT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM (PAGE 71)	Issuer	Yes	For	For
						3	ADVISORY VOTE ON EXECUTIVE COMPENSATION (PAGE 72)	Issuer	Yes	For	For
						4	STOCKHOLDER PROPOSAL FOR DISCLOSURE OF LOBBYING POLICIES AND PRACTICES (PAGE 73)	Holder	Yes	Against	For
						5	STOCKHOLDER PROPOSAL FOR EXECUTIVES TO RETAIN SIGNIFICANT STOCK (PAGE 76)	Holder	Yes	For	Against
						6	STOCKHOLDER PROPOSAL ON INDEPENDENT BOARD CHAIR (PAGE 75)	Holder	Yes	Against	For
						7	STOCKHOLDER PROPOSAL ON THE RIGHT TO ACT BY WRITTEN CONSENT (PAGE 74)	Holder	Yes	Against	For
BERKSHIRE HATHAWAY INC.	BRK-A	084670108	5/4/2013	3/6/2013	Annual	1	Election of directors. Nominees:
							1) WARREN E. BUFFETT	Issuer	Yes	For	For
							2) CHARLES T. MUNGER	Issuer	Yes	For	For
							3) HOWARD G. BUFFETT	Issuer	Yes	For	For
							4) STEPHEN B. BURKE	Issuer	Yes	For	For
							5) SUSAN L. DECKER	Issuer	Yes	For	For
							6) WILLIAM H. GATES III	Issuer	Yes	For	For
							7) DAVID S. GOTTESMAN	Issuer	Yes	For	For
							8) CHARLOTTE GUYMAN	Issuer	Yes	For	For
							9) DONALD R. KEOUGH	Issuer	Yes	For	For
							10) THOMAS S. MURPHY	Issuer	Yes	For	For
							11) RONALD L. OLSON	Issuer	Yes	For	For
							12) WALTER SCOTT, JR.	Issuer	Yes	For	For
							13) MERYL B. WITMER	Issuer	Yes	For	For
						2	SHAREHOLDER PROPOSAL REGARDING GREENHOUSE GAS AND OTHER AIR EMISSIONS.	Holder	Yes	Against	For
ALTRIA GROUP, INC.	MO	02209S103	5/16/2013	3/25/2013	Annual	1	Election of directors. Nominees:
							1) ELECTION OF DIRECTOR: GERALD L. BALILES	Issuer	Yes	For	For
							2) ELECTION OF DIRECTOR: MARTIN J. BARRINGTON	Issuer	Yes	For	For
							3) ELECTION OF DIRECTOR: JOHN T. CASTEEN III	Issuer	Yes	For	For
							4) ELECTION OF DIRECTOR: DINYAR S. DEVITRE	Issuer	Yes	For	For
							5) ELECTION OF DIRECTOR: THOMAS F. FARRELL II	Issuer	Yes	For	For
							6) ELECTION OF DIRECTOR: THOMAS W. JONES	Issuer	Yes	For	For
							7) ELECTION OF DIRECTOR: DEBRA J. KELLY-ENNIS	Issuer	Yes	For	For
							8) ELECTION OF DIRECTOR: W. LEO KIELY III	Issuer	Yes	For	For
							9) ELECTION OF DIRECTOR: KATHRYN B. McQUADE	Issuer	Yes	For	For
							10) ELECTION OF DIRECTOR: GEORGE MUÑOZ	Issuer	Yes	For	For
							ELECTION OF DIRECTOR: NABIL Y. SAKKAB	Issuer	Yes	For	For
						2	RATIFICATION OF THE SELECTION OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM	Issuer	Yes	For	For
						3	ADVISORY VOTE TO APPROVE THE COMPENSATION OF THE COMPANY'S NAMED EXECUTIVE OFFICERS	Issuer	Yes	For	For
						4	SHAREHOLDER PROPOSAL - DISCLOSURE OF LOBBYING POLICIES AND PRACTICES	Holder	Yes	Against	For
KOHL'S CORPORATION	KSS	500255104	5/16/2013	3/13/2013	Annual	1	Election of directors. Nominees:
							1) ELECTION OF DIRECTOR: PETER BONEPARTH	Issuer	Yes	For	For
							2) ELECTION OF DIRECTOR: STEVEN A. BURD	Issuer	Yes	For	For
							3) ELECTION OF DIRECTOR: DALE E. JONES	Issuer	Yes	For	For
							4) ELECTION OF DIRECTOR: KEVIN MANSELL	Issuer	Yes	For	For
							5) ELECTION OF DIRECTOR: JOHN E. SCHLIFSKE	Issuer	Yes	For	For
							6) ELECTION OF DIRECTOR: FRANK V. SICA	Issuer	Yes	For	For
							7) ELECTION OF DIRECTOR: PETER M. SOMMERHAUSER	Issuer	Yes	For	For
							8) ELECTION OF DIRECTOR: STEPHANIE A. STREETER	Issuer	Yes	For	For
							9) ELECTION OF DIRECTOR: NINA G. VACA	Issuer	Yes	For	For
							10) ELECTION OF DIRECTOR: STEPHEN E. WATSON	Issuer	Yes	For	For
						2	RATIFY APPOINTMENT OF ERNST & YOUNG LLP AS INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM.	Issuer	Yes	For	For
						3	ADVISORY VOTE ON APPROVAL OF NAMED EXECUTIVE OFFICER COMPENSATION.	Issuer	Yes	For	For
						4	SHAREHOLDER PROPOSAL: POLICY ON ANIMAL CRUELTY RELATED TO THE SALE OF PRODUCTS CONTAINING ANIMAL FUR.	Holder	Yes	Against	For
						5	SHAREHOLDER PROPOSAL: INDEPENDENT BOARD CHAIRMAN.	Holder	Yes	Against	For
VENTAS, INC.	VTR	92276F100	5/16/2013	3/18/2013	Annual	1	Election of directors. Nominees:
							1) ELECTION OF DIRECTOR: DEBRA A. CAFARO	Issuer	Yes	For	For
							2) ELECTION OF DIRECTOR: DOUGLAS CROCKER II	Issuer	Yes	For	For
							3) ELECTION OF DIRECTOR: RONALD G. GEARY	Issuer	Yes	For	For
							4) ELECTION OF DIRECTOR: JAY M. GELLERT	Issuer	Yes	For	For
							5) ELECTION OF DIRECTOR: RICHARD I. GILCHRIST	Issuer	Yes	For	For
							6) ELECTION OF DIRECTOR: MATTHEW J. LUSTIG	Issuer	Yes	For	For
							7) ELECTION OF DIRECTOR: DOUGLAS M. PASQUALE	Issuer	Yes	For	For
							8) ELECTION OF DIRECTOR: ROBERT D. REED	Issuer	Yes	For	For
							9) ELECTION OF DIRECTOR: SHELI Z. ROSENBERG	Issuer	Yes	For	For
							10) ELECTION OF DIRECTOR: GLENN J. RUFRANO	Issuer	Yes	For	For
							11) ELECTION OF DIRECTOR: JAMES D. SHELTON	Issuer	Yes	For	For
						2	RATIFICATION OF THE SELECTION OF ERNST & YOUNG LLP AS THE INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM FOR FISCAL YEAR 2013.	Issuer	Yes	For	For
						3	ADVISORY VOTE TO APPROVE EXECUTIVE COMPENSATION.	Issuer	Yes	For	For
						4	STOCKHOLDER PROPOSAL REGARDING AN EQUITY RETENTION POLICY.	Holder	Yes	Against	For
						5	STOCKHOLDER PROPOSAL REGARDING AN INDEPENDENT CHAIRMAN.	Holder	Yes	Against	For
						6	STOCKHOLDER PROPOSAL REGARDING ACCELERATION OF EQUITY AWARD VESTING.	Holder	Yes	Against	For
						7	STOCKHOLDER PROPOSAL REGARDING TAX GROSS-UP PAYMENTS.	Holder	Yes	Against	For
GABELLI DIVI & INC TRUST- AUCTION PFD C	GDV-Th	36242H401	5/13/2013	3/18/2013	Annual	1	Election of directors. Nominees:
							1)  MARIO J. GABELLI, CFA	Issuer	Yes	For	For
							2) MARIO D'URSO	Issuer	Yes	For	For
							3) MICHAEL J. MELARKEY	Issuer	Yes	For	For
3M COMPANY	MMM	88579Y101	5/14/2013	3/15/2013	Annual	1	Election of directors. Nominees:
							1) ELECTION OF DIRECTOR: LINDA G. ALVARADO	Issuer	Yes	For	For
							2) ELECTION OF DIRECTOR: VANCE D. COFFMAN	Issuer	Yes	For	For
							3) ELECTION OF DIRECTOR: MICHAEL L. ESKEW	Issuer	Yes	For	For
							4) ELECTION OF DIRECTOR: W. JAMES FARRELL	Issuer	Yes	For	For
							5) ELECTION OF DIRECTOR: HERBERT L. HENKEL	Issuer	Yes	For	For
							6) ELECTION OF DIRECTOR: MUHTAR KENT	Issuer	Yes	For	For
							7) ELECTION OF DIRECTOR: EDWARD M. LIDDY	Issuer	Yes	For	For
							8) ELECTION OF DIRECTOR: ROBERT S. MORRISON	Issuer	Yes	For	For
							9) ELECTION OF DIRECTOR: AULANA L. PETERS	Issuer	Yes	For	For
							10) ELECTION OF DIRECTOR: INGE G. THULIN	Issuer	Yes	For	For
							11) ELECTION OF DIRECTOR: ROBERT J. ULRICH	Issuer	Yes	For	For
						2	TO RATIFY THE APPOINTMENT OF PRICEWATERHOUSECOOPERS LLP AS 3M'S INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM.	Issuer	Yes	For	For
						3	ADVISORY APPROVAL OF EXECUTIVE COMPENSATION.	Issuer	Yes	For	For
						4	STOCKHOLDER PROPOSAL ON ACTION BY WRITTEN CONSENT.	Holder	Yes	For	Against
						5	STOCKHOLDER PROPOSAL ON PROHIBITING POLITICAL SPENDING FROM CORPORATE TREASURY FUNDS.	Holder	Yes	Against	For
CATERPILLAR INC.	CAT	149123101	6/12/2013	4/15/2013	Annual	1	Election of directors. Nominees:
							1) DAVID L. CALHOUN	Issuer	Yes	For	For
							2) DANIEL M. DICKINSON	Issuer	Yes	For	For
							3) JUAN GALLARDO	Issuer	Yes	For	For
							4) DAVID R. GOODE	Issuer	Yes	For	For
							5) JESSE J. GREENE, JR.	Issuer	Yes	For	For
							6) JON M. HUNTSMAN, JR.	Issuer	Yes	For	For
							7) PETER A. MAGOWAN	Issuer	Yes	For	For
							8) DENNIS A. MUILENBURG	Issuer	Yes	For	For
							9) DOUGLAS R. OBERHELMAN	Issuer	Yes	For	For
							10) WILLIAM A. OSBORN	Issuer	Yes	For	For
							11) CHARLES D. POWELL	Issuer	Yes	For	For
							12) EDWARD B. RUST, JR.	Issuer	Yes	For	For
							13) SUSAN C. SCHWAB	Issuer	Yes	For	For
							14) JOSHUA I. SMITH	Issuer	Yes	For	For
							15) MILES D. WHITE	Issuer	Yes	For	For
						2	RATIFY THE APPOINTMENT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM FOR 2013	Issuer	Yes	For	For
						3	ADVISORY VOTE ON EXECUTIVE COMPENSATION.	Issuer	Yes	For	For
						4	STOCKHOLDER PROPOSAL - DIRECTOR ELECTION MAJORITY VOTE STANDARD	Issuer	Yes	For	Against
						5	STOCKHOLDER PROPOSAL - STOCKHOLDER ACTION BY WRITTEN CONSENT.	Issuer	Yes	For	Against
						6	STOCKHOLDER PROPOSAL - EXECUTIVE STOCK RETENTION	Issuer	Yes	Against	For
						7	STOCKHOLDER PROPOSAL - SUSTAINABILITY MEASURE IN EXECUTIVE COMPENSATION	Issuer	Yes	Against	For
						8	STOCKHOLDER PROPOSAL - REVIEW OF GLOBAL CORPORATE STANDARDS	Issuer	Yes	Against	For
						9	STOCKHOLDER PROPOSAL - SALES TO SUDAN	Issuer	Yes	Against	For
CHEVRON CORPORATION	CVX	166764100	5/29/2013	4/3/2013	Annual	1	Election of directors. Nominees:
							1) ELECTION OF DIRECTOR: L.F. DEILY	Issuer	Yes	For	For
							2) ELECTION OF DIRECTOR: R.E. DENHAM	Issuer	Yes	For	For
							3) ELECTION OF DIRECTOR: A.P. GAST	Issuer	Yes	For	For
							4) ELECTION OF DIRECTOR: E. HERNANDEZ	Issuer	Yes	For	For
							5) ELECTION OF DIRECTOR: G.L. KIRKLAND	Issuer	Yes	For	For
							6) ELECTION OF DIRECTOR: C.W. MOORMAN	Issuer	Yes	For	For
							7) ELECTION OF DIRECTOR: K.W. SHARER	Issuer	Yes	For	For
							8) ELECTION OF DIRECTOR: J.G. STUMPF	Issuer	Yes	For	For
							9) ELECTION OF DIRECTOR: R.D. SUGAR	Issuer	Yes	For	For
							10) ELECTION OF DIRECTOR: C. WARE	Issuer	Yes	For	For
							11) ELECTION OF DIRECTOR: J.S. WATSON	Issuer	Yes	For	For
						2	RATIFICATION OF APPOINTMENT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM	Issuer	Yes	For	For
						3	ADVISORY VOTE TO APPROVE NAMED EXECUTIVE OFFICER COMPENSATION	Issuer	Yes	For	For
						4	APPROVAL OF AMENDMENTS TO LONG-TERM INCENTIVE PLAN	Issuer	Yes	For	For
						5	SHALE ENERGY OPERATIONS	Holder	Yes	Against	For
						6	OFFSHORE OIL WELLS	Holder	Yes	Against	For
						7	CLIMATE RISK	Holder	Yes	Against	For
						8	LOBBYING DISCLOSURE	Holder	Yes	Against	For
						9	CESSATION OF USE OF CORPORATE FUNDS FOR POLITICAL PURPOSES	Holder	Yes	Against	For
						10	CUMULATIVE VOTING	Holder	Yes	For	Against
						11	SPECIAL MEETINGS	Holder	Yes	For	Against
						12	INDEPENDENT DIRECTOR WITH ENVIRONMENTAL EXPERTISE	Holder	Yes	Against	For
						13	COUNTRY SELECTION GUIDELINES	Holder	Yes	Against	For
JPMORGAN CHASE & CO.	JPM	46625H100	5/21/2013	3/22/2013	Annual	1	Election of directors. Nominees:
							1) ELECTION OF DIRECTOR: JAMES A. BELL	Issuer	Yes	For	For
							2) ELECTION OF DIRECTOR: CRANDALL C. BOWLES	Issuer	Yes	For	For
							3) ELECTION OF DIRECTOR: STEPHEN B. BURKE	Issuer	Yes	For	For
							4) ELECTION OF DIRECTOR: DAVID M. COTE	Issuer	Yes	For	For
							5) ELECTION OF DIRECTOR: JAMES S. CROWN	Issuer	Yes	For	For
							6) ELECTION OF DIRECTOR: JAMES DIMON	Issuer	Yes	For	For
							7) ELECTION OF DIRECTOR: TIMOTHY P. FLYNN	Issuer	Yes	For	For
							8) ELECTION OF DIRECTOR: ELLEN V. FUTTER	Issuer	Yes	For	For
							9) ELECTION OF DIRECTOR: LABAN P. JACKSON, JR.	Issuer	Yes	For	For
							10) ELECTION OF DIRECTOR: LEE R. RAYMOND	Issuer	Yes	For	For
							11) ELECTION OF DIRECTOR: WILLIAM C. WELDON	Issuer	Yes	For	For
						2	RATIFICATION OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM	Issuer	Yes	For	For
						3	ADVISORY RESOLUTION TO APPROVE EXECUTIVE COMPENSATION	Issuer	Yes	For	For
						4	AMENDMENT TO THE FIRM'S RESTATED CERTIFICATE OF INCORPORATION TO AUTHORIZE SHAREHOLDER ACTION BY WRITTEN CONSENT	Issuer	Yes	For	For
						5	REAPPROVAL OF KEY EXECUTIVE PERFORMANCE PLAN	Issuer	Yes	For	For
						6	REQUIRE SEPARATION OF CHAIRMAN AND CEO	Holder	Yes	Against	For
						7	ADOPT PROCEDURES TO AVOID HOLDING OR RECOMMENDING INVESTMENTS THAT CONTRIBUTE TO HUMAN RIGHTS VIOLATIONS	Holder	Yes	Against	For
						8	ADOPT PROCEDURES TO AVOID HOLDING OR RECOMMENDING INVESTMENTS THAT CONTRIBUTE TO HUMAN RIGHTS VIOLATIONS	Holder	Yes	Against	For
						9	DISCLOSE FIRM PAYMENTS USED DIRECTLY OR INDIRECTLY FOR LOBBYING, INCLUDING SPECIFIC AMOUNTS AND RECIPIENTS' NAMES	Holder	Yes	Against	For
LTC PROPERTIES, INC.	LTC	502175102	5/21/2013	4/8/2013	Annual	1	Election of directors. Nominees:
							1) ANDRE C. DIMITRIADIS	Issuer	Yes	For	For
							2) BOYD W. HENDRICKSON	Issuer	Yes	For	For
							3) EDMUND C. KING	Issuer	Yes	For	For
							4) DEVRA G. SHAPIRO	Issuer	Yes	For	For
							5) WENDY L. SIMPSON	Issuer	Yes	For	For
							6) TIMOTHY J. TRICHE, M.D.	Issuer	Yes	For	For
						2	RATIFICATION OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM.	Issuer	Yes	For	For
						3	ADVISORY VOTE TO APPROVE NAMED EXECUTIVE OFFICER COMPENSATION.	Issuer	Yes	For	For
TRANSOCEAN LTD.	RIG	H8817H100	5/17/2013	3/20/2013	Annual	1	APPROVAL OF THE 202 ANNUAL REPORT, INCLUDING THE CONSOLIDATED FINANCIAL STATEMENT OF TRANSOCEAN LTD.. FOR FISCAL YEAR 2012 AND THE STATUTORY FINANCIAL STATEMENTS OF TRANSOCEAN LTD. FOR FISCAL YEAR 2012	Issuer	NA	NA	NA
						2	APPROPRIATION OF THE AVAILABLE EARNINGS FOR FISCAL YEAR 2012	Issuer	NA	NA	NA
						3a.	APPROVAL OF THE COMPANY'S PAYMENT OF A DIVIDEND IN PRINCIPLE.	Issuer	NA	NA	NA
						3b.	DISTRIBUTION AMOUNT, WHICH IS CONDITIONED ON THE APPROVAL OF PROPOSAL 3A. MARK EITHER 3B1 OR 3B2 BUT NOT BOTH.	Issuer	NA	NA	NA
						3b.1	COMPANY DISTRIBUTION PROPOSAL, IN AN AMOUNT OF USD 2.24 PER SHARE.	Issuer	NA	NA	NA
						3b.2	ICHAN GROUP DISTRIBUTION PROPOSAL, IN AN AMOUNT OF USD 4.00 PER SHARE	Issuer	NA	NA	NA
						4	READOPTION OF AUTHORIZED SHARE CAPITAL, ALLOWING THE BOARD OF DIRECTORS TO ISSUE UP TO A MAXIMUM OF 74,728,750 SHARES OF THE COMPANY	Issuer	NA	NA	NA
						5	REPEAL OF STAGGERED BOARD	Issuer	NA	NA	NA
						6	ELECTION TO THE BOARD OF DIRECTORS:	Issuer	NA	NA	NA
							1) FREDRICO F. CURADO	Issuer	NA	NA	NA
							2) STEVEN L. NEWMAN	Issuer	NA	NA	NA
							3) THOMAS W. CASON	Issuer	NA	NA	NA
							4) ROBERT M. SPRAGUE	Issuer	NA	NA	NA
							5) J. MACHAEL TALBERT	Issuer	NA	NA	NA
							6) JOHN J. LIPINSKI	Holder	NA	NA	NA
							7) JOSE MARIA ALAPONT	Holder	NA	NA	NA
							8) SAMUEL MERKSAMER	Holder	NA	NA	NA
						7	APPOINTMENT OF ERNST & YOUNG LLP AS THE COMPANY'S INDEPENDENT REGISTED PUBLIC ACCOUNTING FIRM FOR FISCAL YEAR 2013 AND REELECTION OF ERNST & YOUNG LTD. ZURICH, AS THE COMPANY'S AUDITOR FOR A FURTHER ONE-YEAR TERM	Issuer	NA	NA	NA
						8	ADVISORY VOTE TO APPROVE NAMED EXECUTIVE OFFICER COMPENSATION	Issuer	NA	NA	NA
FREEPORT-MCMORAN COPPER & GOLD INC.	FCX	35671D857	7/16/2013	5/24/2013	Annual	1	Election of directors. Nominees:
							1) RICHARD C. ADKERSON	Issuer	Yes	For	For
							2) ROBERT J. ALLISON, JR.	Issuer	Yes	For	For
							3) ALAN R. BUCKWALTER, III	Issuer	Yes	For	For
							4) ROBERT A. DAY	Issuer	Yes	For	For
							5) JAMES C. FLORES	Issuer	Yes	For	For
							6) GERALD J. FORD	Issuer	Yes	For	For
							7) THOMAS A. FRY, III	Issuer	Yes	For	For
							8) H. DEVON GRAHAM, JR.	Issuer	Yes	For	For
							9) CHARLES C. KRULAK	Issuer	Yes	For	For
							10) BOBBY LEE LACKEY	Issuer	Yes	For	For
							11) JON C. MADONNA	Issuer	Yes	For	For
							12) DUSTAN E. MCCOY	Issuer	Yes	For	For
							13) JAMES R. MOFFETT	Issuer	Yes	For	For
							14) B.M. RANKIN, JR.	Issuer	Yes	For	For
							15) STEPHEN H. SIEGELE	Issuer	Yes	For	For
						2	APPROVAL, ON AN ADVISORY BASIS, OF THE COMPENSATION OF OUR NAMED EXECUTIVE OFFICERS.	Issuer	Yes	For	For
						3	RATIFICATION OF THE APPOINTMENT OF ERNST & YOUNG LLP AS OUR INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM.	Issuer	Yes	For	For
						4	STOCKHOLDER PROPOSAL REGARDING THE SELECTION OF A CANDIDATE WITH ENVIRONMENTAL EXPERTISE TO BE RECOMMENDED FOR ELECTION TO THE BOARD OF DIRECTORS.	Holder	Yes	Against	For
						5	STOCKHOLDER PROPOSAL REGARDING THE REQUIREMENT THAT OUR CHAIRMAN OF THE BOARD OF DIRECTORS BE AN INDEPENDENT MEMBER OF THE BOARD OF DIRECTORS.	Holder	Yes	Against	For
						6	STOCKHOLDER PROPOSAL REGARDING THE ADOPTION BY THE BOARD OF DIRECTORS OF A POLICY ON BOARD DIVERSITY.	Holder	Yes	Against	For
						7	STOCKHOLDER PROPOSAL REGARDING THE AMENDMENT OF OUR BYLAWS TO PERMIT STOCKHOLDERS HOLDING 15% OF OUR OUTSTANDING COMMON STOCK TO CALL A SPECIAL MEETING OF STOCKHOLDERS.	Holder	Yes	For	Against
RMR REAL ESTATE INCOME FUND	RIF	76970B101	4/11/2013	2/19/2013	Annual	2A	ELECTION OF CLASS III TRUSTEE: ARTHUR G. KOUMANTZELIS	Issuer	Yes	For	For

SIGNATURE

Pursuant to the requirements of the Investment Company Act of 1940, the Registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

(Registrant)	The Denali Fund Inc.
By:	/s/ Stephen C. Miller
	Stephen C. Miller
	President (Principal Executive Officer)
Date:	August 23, 2013