UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM N-PX
ANNUAL REPORT OF PROXY VOTING RECORD OF
REGISTERED MANAGEMENT INVESTMENT COMPANIES
Investment Company Act file number 811-21200
The Denali Fund Inc.
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(Exact name of registrant as specified in charter)
2344 Spruce Street, Suite A
Boulder, CO 80302
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(Address of principal executive offices) (Zip code)
Stephen C. Miller
2344 Spruce Street, Suite A
Boulder, CO 80302
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(Name and address of agent for service)
Registrant's telephone number, including area code: (303) 444-5483
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Date of fiscal year end: October 31
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Date of reporting period: July 1, 2007 - June 30, 2008
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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 (ss.ss. 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. ss. 3507.
PROXY VOTING RECORD
FOR PERIOD JULY 1, 2007 TO JUNE 30, 2008
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Archstone Smith Trust
Ticker Security ID: Meeting Date Meeting Status
ASN CUSIP 039583109 08/21/2007 Voted
Meeting Type Country of Trade
Special United States
Issue No. Description Proponent Mgmt Rec Vote Cast For/Agnst Mgmt
Approval of the Merger
1 Agreement Mgmt For For For
2 Right to Adjourn Meeting Mgmt For For For
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Cedar Shopping Centers Inc
Ticker Security ID: Meeting Date Meeting Status
CDR CUSIP 150602209 09/12/2007 Voted
Meeting Type Country of Trade
Special United States
Issue No. Description Proponent Mgmt Rec Vote Cast For/Agnst Mgmt
1 TO AMEND THE ARTICLES OF Mgmt For Against Against
INCORPORATION TO INCREASE
AUTHORIZED COMMON STOCK
2 Increase in Authorized Shares
of Preferred Stock Mgmt For For For
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Crescent Real Estate Equities Company
Ticker Security ID: Meeting Date Meeting Status
CEI CUSIP 225756105 08/01/2007 Voted
Meeting Type Country of Trade
Special United States
For/Agnst
Issue No. Description Proponent Mgmt Rec Vote Cast Mgmt
Approval of the Merger
1 Agreement Mgmt For For For
2 Right to Adjourn Meeting Mgmt For For For
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Spirit Finance Corp.
Ticker Security ID: Meeting Date Meeting Status
SPIRTD CUSIP 848568309 07/02/2007 Voted
Meeting Type Country of Trade
Annual United States
Issue No. Description Proponent Mgmt Rec Vote Cast For/Agnst Mgmt
1 Merger/Acquisition Mgmt For For For
2.1 Elect Morton Fleischer Mgmt For For For
2.2 Elect Christopher Volk Mgmt For For For
2.3 Elect Willie Barnes Mgmt For For For
2.4 Elect Linda Blessing Mgmt For For For
2.5 Elect Dennis Mitchem Mgmt For For For
2.6 Elect Paul Oreffice Mgmt For For For
2.7 Elect Jim Parish Mgmt For For For
2.8 Elect Kenneth Roath Mgmt For For For
2.9 Elect Casey Sylla Mgmt For For For
2.10 Elect Shelby Yastrow Mgmt For For For
3 Ratification of Auditor Mgmt For For For
4 Right to Adjourn Meeting Mgmt For For For
Matter
Proposed Vote
by Cast Vote For
Shareholder Issuer (Yes (For or
Ticker Meeting Record Meeting Description of Matter to be or or or Against
Name of Issuer Symbol CUSIP Date Date Type Voted On Holder No) Against Mngmnt
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Cohen & Sterns REIT &
Utility Income Fund, Election of three (3)
Inc. (pfd) 19247Y405 4/1/08 Annual 1 Directors Issuer Yes For For
Vote on adjournment of
2 meeting Issuer Yes For For
Cohen & Sterns Select Election of three (3)
Utility Fund (pfd) 19248A877 4/1/08 Annual 1 Directors Issuer Yes For For
Vote on adjournment of
2 meeting Issuer Yes For For
Election of one (1)
Moody's Corporation MCO 615369105 4/22/08 3/3/08 Annual 1 Director Issuer Yes For For
Ratification of
independent registered
public accounting firm
2 for 2008 Issuer Yes For For
Adopt majority vote
3 requirement Holder Yes For Against
Election of eleven (11)
HCP, Inc HCP 40414L109 4/24/08 3/10/08 Annual 1 Directors Issuer Yes For For
Ratification of Ernst &
Young, LLP as
independent auditors
2 for 2008 Issuer Yes For For
Election of five (5)
LTC Properties, Inc. LTC 502175102 6/10/08 4/23/08 Annual 1 Directors Issuer Yes For For
Approval of equity
2 participation plan Issuer Yes For For
Ratify independent
3 auditors Issuer Yes For For
Gabelli Dividend & Election of five (5)
Income Trust-PFD C 36242H401 5/19/08 3/17/08 Annual 1 Directors Issuer Yes For For
Western Asset Premier Election of seven (7)
Bond Fund-Ser M (pfd) 957664204 5/6/08 3/20/08 Annual 1 Directors Issuer Yes For For
Election of four (4)
Liberty Property Trust LRY 531172104 5/15/08 3/20/08 Annual 1 Directors Issuer Yes For For
Appointment of Ernst &
Young, LLP as
independent registered
public accounting firm
2 for 2008 Issuer Yes For For
Mack-Cali Realty Election of four (4)
Corporation CLI 554489104 5/21/08 4/3/08 Annual 1 Directors Issuer Yes For For
Appointment of PWC, LLP
as independent
registered public
2 accounting firm for 2008 Issuer Yes For For
Eastgroup Properties, Election of eight (8)
Inc. EGP 277276101 5/29/08 4/14/08 Annual 1 Directors Issuer Yes For For
Appointment of KPMG,
LLP as independent
registered public
2 accounting firm for 2008 Issuer Yes For For
Calamos Conv Opps & Election of three (3)
Inc Fd-PFD SERTH7 128117702 6/4/08 4/18/08 Annual 1 Directors Issuer Yes For For
Crystal River Capital, Election of two (2)
Inc. CRZ 229393301 6/10/08 4/18/08 Annual 1 Directors Issuer Yes For For
Appointment of Ernst &
Young, LLP as
independent registered
public accounting firm
2 for 2008 Issuer Yes For For
CBRE Realty Finance Election of seven (7)
Inc. CBF 12498B307 6/4/08 4/30/08 Annual 1 Directors Issuer Yes For For
Appointment of Ernst &
Young, LLP as
independent registered
public accounting firm
2 for 2008 Issuer Yes For For
TS & W Claymore Tax Election of three (3)
Advt Auction Mkt PDF-M7 87280R207 7/21/08 5/2/08 Annual 1 Directors Issuer Yes For For
SIGNATURES
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.
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By (Signature and Title)* /s/ Stephen C. Miller
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Stephen C. Miller, President
(Principal Executive Officer)
*Print the name and title of each signing officer under his or her signature.