[denaliweekly]Denali Asset Management Weekly Est. ROR -3.27% MTD
Megan Arias
megan@denalifunds.com
Mon, 24 May 2004 09:44:55 -0600
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Dear Interested Investors:
As of the close of business Friday, May 21, 2004, we estimate that Denali
Partners, LP and Denali Offshore Partners, Ltd. are down -3.27% MTD.
Please contact me with any questions.
Best regards,
Megan Arias
Director of Investment Services
Denali Asset Management, Ltd.
an affiliate of Denali Asset Management, LLLP
' (773) 685-1733
7 (773) 685-1734
, megan@denalifunds.com
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<DIV><FONT face=3DArial size=3D2><SPAN class=3D734534215-24052004>Dear =
Interested=20
Investors:</SPAN></FONT></DIV>
<DIV><FONT face=3DArial size=3D2><SPAN=20
class=3D734534215-24052004></SPAN></FONT> </DIV>
<DIV><FONT face=3DArial><FONT size=3D2><FONT><SPAN =
class=3D734534215-24052004>As of=20
the close of business Friday, May 21, 2004, we estimate that Denali =
Partners, LP=20
and Denali Offshore Partners, Ltd. are down </SPAN></FONT>-3.27% =
MTD<SPAN=20
class=3D734534215-24052004>.</SPAN></FONT></FONT></DIV>
<DIV><FONT face=3DArial><FONT size=3D2><SPAN=20
class=3D734534215-24052004></SPAN></FONT></FONT> </DIV>
<DIV><FONT face=3DArial><FONT size=3D2><SPAN =
class=3D734534215-24052004>Please contact=20
me with any questions.</SPAN></FONT></FONT></DIV>
<DIV><FONT face=3DArial><FONT size=3D2><SPAN=20
class=3D734534215-24052004></SPAN></FONT></FONT> </DIV>
<DIV><FONT face=3DArial><FONT size=3D2><SPAN=20
class=3D734534215-24052004></SPAN></FONT></FONT> </DIV>
<DIV><FONT face=3DArial><FONT size=3D2><SPAN =
class=3D734534215-24052004>Best=20
regards,</SPAN></FONT></FONT></DIV>
<DIV><FONT face=3DArial><FONT size=3D2><SPAN=20
class=3D734534215-24052004></SPAN></FONT></FONT> </DIV>
<DIV><FONT face=3DArial><FONT size=3D2><SPAN=20
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<DIV align=3Dleft>
<P class=3DMsoNormal style=3D"MARGIN: 0in 0in 0pt"><SPAN=20
style=3D"FONT-FAMILY: 'Arial Narrow'">Megan Arias<?xml:namespace prefix =
=3D o ns =3D=20
"urn:schemas-microsoft-com:office:office" /><o:p></o:p></SPAN></P>
<P class=3DMsoNormal style=3D"MARGIN: 0in 0in 0pt"><SPAN=20
style=3D"FONT-FAMILY: 'Arial Narrow'">Director of Investment=20
Services<o:p></o:p></SPAN></P>
<P class=3DMsoNormal style=3D"MARGIN: 0in 0in 0pt"><SPAN=20
style=3D"FONT-FAMILY: 'Arial Narrow'">Denali Asset Management,=20
Ltd.<o:p></o:p></SPAN></P>
<P class=3DMsoNormal style=3D"MARGIN: 0in 0in 0pt"><SPAN=20
style=3D"FONT-FAMILY: 'Arial Narrow'">an affiliate of Denali Asset =
Management,=20
LLLP</SPAN></P>
<P class=3DMsoNormal style=3D"MARGIN: 0in 0in 0pt"><SPAN=20
style=3D"FONT-SIZE: 13.5pt; COLOR: maroon; FONT-FAMILY: 'Wingdings =
2'">'</SPAN><SPAN=20
style=3D"FONT-FAMILY: 'Arial Narrow'; mso-bidi-font-size: 13.5pt"><SPAN=20
style=3D"mso-tab-count: 1"> =
</SPAN>(773)=20
685-1733</SPAN><SPAN=20
style=3D"FONT-SIZE: 13.5pt; COLOR: maroon; FONT-FAMILY: 'Wingdings =
2'"><SPAN=20
style=3D"mso-tab-count: 1"> </SPAN><o:p></o:p></SPAN></P>
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1"> =20
</SPAN></SPAN><SPAN=20
style=3D"FONT-FAMILY: 'Arial Narrow'; mso-bidi-font-size: 13.5pt">(773)=20
685-1734</SPAN><SPAN=20
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2'"><SPAN=20
style=3D"mso-tab-count: 1"> </SPAN></SPAN><SPAN=20
style=3D"FONT-SIZE: 10pt; COLOR: black; FONT-FAMILY: 'Arial =
Narrow'"><o:p></o:p></SPAN></P>
<P class=3DMsoNormal style=3D"MARGIN: 0in 0in 0pt"><SPAN=20
style=3D"COLOR: fuchsia; FONT-FAMILY: Wingdings">,<SPAN=20
style=3D"mso-tab-count: 1"> </SPAN></SPAN><SPAN=20
style=3D"FONT-FAMILY: 'Arial Narrow'; mso-bidi-font-size: =
13.5pt">megan@denalifunds.com<o:p></o:p></SPAN></P></DIV>
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