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DIAMOND HILL FINAN : Diamond Hill Financial Trends Fund, Inc. Announces Dividend

08/17/2010 | 04:20pm US/Eastern

COLUMBUS, Ohio, Aug. 17 /PRNewswire-FirstCall/ -- Diamond Hill Financial Trends Fund, Inc. (Nasdaq: DHFT) announced today that the fund will pay an income dividend as follows:


    Dividend per Share:                                            $0.0478

    Declaration Date:                         August 17, 2010
    Record Date:                              August 27, 2010
    Payable Date:                             September 3, 2010

At this time there will not be a capital gain distribution as the Fund has accumulated realized losses of approximately $6,000,000 as of December 31, 2009.

About the Fund:

Diamond Hill Financial Trends Fund, Inc. is a diversified, closed-end fund. The Fund seeks long-term capital appreciation with current income as a secondary objective by investing between 80% and 115% of its assets long and sell short between 0% and 25% of its assets in stocks of U.S. financial services companies of any size.

About Diamond Hill:

Diamond Hill provides investment management services to institutions and financial intermediaries seeking to preserve and build capital. The firm currently manages mutual funds, separate accounts and private investment funds. For more information on Diamond Hill, visit www.diamond-hill.com.

SOURCE Diamond Hill Financial Trends Fund, Inc.

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