0001462180-12-000072.txt : 20121024
0001462180-12-000072.hdr.sgml : 20121024
20121024155454
ACCESSION NUMBER: 0001462180-12-000072
CONFORMED SUBMISSION TYPE: SC 13D/A
PUBLIC DOCUMENT COUNT: 1
FILED AS OF DATE: 20121024
DATE AS OF CHANGE: 20121024
GROUP MEMBERS: ANDREW DAKOS
GROUP MEMBERS: BROOKLYN CAPITAL MANAGEMENT LLC
GROUP MEMBERS: BULLDOG INVESTORS
GROUP MEMBERS: PHILLIP GOLDSTEIN
SUBJECT COMPANY:
COMPANY DATA:
COMPANY CONFORMED NAME: DIAMOND HILL FINANCIAL TRENDS FUND, INC
CENTRAL INDEX KEY: 0000852954
IRS NUMBER: 000000000
STATE OF INCORPORATION: MD
FISCAL YEAR END: 1231
FILING VALUES:
FORM TYPE: SC 13D/A
SEC ACT: 1934 Act
SEC FILE NUMBER: 005-41158
FILM NUMBER: 121158603
BUSINESS ADDRESS:
STREET 1: C/O DIAMOND HILL CAPITAL MANAGEMENT, INC
STREET 2: 325 JOHN H MCCONNELL BLVD, SUITE 200
CITY: COLUMBUS
STATE: OH
ZIP: 43215
BUSINESS PHONE: 614-255-3333
MAIL ADDRESS:
STREET 1: C/O DIAMOND HILL CAPITAL MANAGEMENT, INC
STREET 2: 325 JOHN H MCCONNELL BLVD, SUITE 200
CITY: COLUMBUS
STATE: OH
ZIP: 43215
FORMER COMPANY:
FORMER CONFORMED NAME: FINANCIAL TRENDS FUND, INC
DATE OF NAME CHANGE: 20071120
FORMER COMPANY:
FORMER CONFORMED NAME: JOHN HANCOCK FINANCIAL TRENDS FUNDS INC
DATE OF NAME CHANGE: 20010717
FORMER COMPANY:
FORMER CONFORMED NAME: SOUTHEASTERN THRIFT & BANK FUND INC
DATE OF NAME CHANGE: 19920703
FILED BY:
COMPANY DATA:
COMPANY CONFORMED NAME: Bulldog Investors
CENTRAL INDEX KEY: 0001462180
IRS NUMBER: 000000000
FILING VALUES:
FORM TYPE: SC 13D/A
BUSINESS ADDRESS:
STREET 1: PARK 80 WEST PLAZA TWO
STREET 2: SUITE 750
CITY: SADDLE BROOK
STATE: NJ
ZIP: 07663
BUSINESS PHONE: 201 556-0092
MAIL ADDRESS:
STREET 1: PARK 80 WEST PLAZA TWO
STREET 2: SUITE 750
CITY: SADDLE BROOK
STATE: NJ
ZIP: 07663
SC 13D/A
1
thirda.txt
SCHEDULE 13D/A
DATE OF EVENT WHICH REQUIRES FILING OF THIS STATEMENT
10/17/12
1. NAME OF REPORTING PERSON
Bulldog Investors, Brooklyn Capital Management,
Phillip Goldstein and Andrew Dakos
2. CHECK THE BOX IF MEMBER OF A GROUP a[X]
b[]
3. SEC USE ONLY
4. SOURCE OF FUNDS
WC
5. CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEMS 2(d) AND 2(e) []
6. CITIZENSHIP OR PLACE OF ORGANIZATION
USA
___________________________________________________________
7. SOLE VOTING POWER
958,348
8. SHARED VOTING POWER
12,000
9. SOLE DISPOSITIVE POWER
970,348
_______________________________________________________
10. SHARED DISPOSITIVE POWER
0
11. AGGREGATE AMOUNT OWNED BY EACH REPORTING PERSON
970,348
12. CHECK IF THE AGGREGATE AMOUNT EXCLUDES CERTAIN SHARES
[]
___________________________________________________________
13. PERCENT OF CLASS REPRESENTED BY ROW 11
24.45%
14. TYPE OF REPORTING PERSON
IA
_______________________________________________________
Item 1. SECURITY AND ISSUER
This statement constitutes Amendment #10 to the schedule 13d
filed January 13, 2012. Except as specifically set forth
herein, the Schedule 13d remains unmodified.
ITEM 4. PURPOSE OF TRANSACTION
A special meeting of shareholders will be held on November 14, 2012
to vote on whether the Fund should continue to operate as a closed-end
fund or whether the Board of Directors should consider liquidating the
Fund. The filing persons intend to vote to liquidate the Fund.
In addition, if by November 16, 2012 the board does not announce a
proposal to afford shareholders an opportunity to realize net asset value,
the filing persons intend to nominate candidates for election to the board
at the next shareholder meeting.
ITEM 5. INTEREST IN SECURITIES OF THE ISSUER
As per the N-CSRS filed on September 7, 2011 there were 3,968,124 shares of
common stock outstanding as of 06/30/2011 The percentage set forth in item 5
was derived using such number. Bulldog Investors, Brooklyn Capital Management,
Phillip Goldstein and Andrew Dakos beneficially own an aggregate of 970,348
shares of DHFT or 24.45% of the outstanding shares.Power to dispose of and vote
securities resides either with Mr. Goldstein, Mr. Dakos or with clients.
c) During the last 60 days the following shares of DHFT were
purchased:
Date: Shares: Price:
08/28/12 1,371 10.4800
08/29/12 1,600 10.4777
08/30/12 3,250 10.4892
09/06/12 3,293 10.8005
09/07/12 6,200 10.8968
09/10/12 4,000 10.9870
09/10/12 4,000 10.9896
09/26/12 2,449 11.1912
09/27/12 500 11.3000
09/28/12 22 11.3000
10/01/12 1,800 11.3894
10/03/12 2,000 11.3862
10/03/12 2,000 11.3885
10/04/12 1,300 11.5209
10/09/12 464 11.5972
10/11/12 863 11.6600
10/12/12 2,500 11.5500
10/17/12 7,001 11.7441
10/18/12 265 11.8000
10/22/12 7,900 11.6181
d) Beneficiaries of managed accounts are entitled to receive any
dividends or sales proceeds.
e) NA
ITEM 6. CONTRACTS,ARRANGEMENTS,UNDERSTANDINGS OR RELATIONSHIPS
WITH RESPECT TO SECURITIES OF THE ISSUER.
None.
ITEM 7. MATERIAL TO BE FILED AS EXHIBITS
None.
After reasonable inquiry and to the best of my knowledge
and belief, I certify that the information set forth in this
statement is true, complete and correct.
Dated: 10/24/2012
By: /s/ Phillip Goldstein
Name: Phillip Goldstein
By: /S/ Andrew Dakos
Name: Andrew Dakos