Diamond Hill Financial Trends Fund, Inc. Announces Board Approval
Of Prospective Fund Liquidation
COLUMBUS, Ohio, Dec. 7,
2012 /PRNewswire/ -- The Diamond Hill Financial Trends Fund,
Inc. (NASDAQ:DHFT) (the "Fund") announced that its Board of
Directors has approved submitting a Plan of Liquidation and
Dissolution (the "Plan") to the Fund's shareholders for their
consideration and approval at a special meeting anticipated to be
held on or about February 28,
2013.
If shareholders approve the Plan, the Fund's investment adviser
will begin the orderly liquidation of the Fund's assets, and will
determine and pay, or reserve for, all known liabilities and
obligations of the Fund. The Fund will make one or more
liquidating distributions in cash to the Fund's shareholders.
If a majority of outstanding shares do not approve the Plan, the
Fund will continue its operations, including pursuing its stated
investment objective, and the Board may consider other available
options.
About the Fund:
Diamond Hill Financial Trends Fund, Inc. is a diversified,
closed-end fund. The Fund seeks long-term capital
appreciation by investing in stocks of U.S. financial services
companies of any size and by typically maintaining long positions
between 80% and 115% of its assets and short positions between 0%
and 25% of its assets.
SOURCE Diamond Hill Financial Trends Fund, Inc.
