[denaliweekly]Denali Asset Management MTD. Est. - 0.33%

[megan@denalifunds.com]

Please be advised that we estimate the month-to-date return for Denali Partners, LP and Denali Offshore Partners, Ltd. to be - 0.33%.

Sincerely,

Michael Strupp
... on behalf of Megan Arias (who is on vacation and will return tomorrow)