OREANDA-NEWS. The following outstanding shares from The Denali Fund Inc. (NYSE: DNY) a closed-end fund co-advised by Boulder Investment Advisers LLC (BIA) and Stewart Investment Advisers (SIA) have been fully redeemed and are paid in full, according to Fitch Ratings:

--\$21,950,000 of auction preferred shares (APS), series A to PIF from 'AAA'

Stockholders of DNY approved an agreement and plan of reorganization pursuant to which DNY will transfer all of its assets to Boulder Growth & Income Fund, Inc. (BIF) in exchange for shares of BIF, and BIF will assume all of the liabilities of the fund.