COLUMBUS, Ohio, Feb. 22, 2013 /PRNewswire/ -- Diamond Hill Financial Trends Fund, Inc. (NASDAQ: DHFT) has scheduled a Special Meeting of Shareholders for February 28, 2013 to vote on a proposal to approve the liquidation and dissolution of the Fund. Proxy materials for this meeting were mailed to shareholders on or about January 17, 2013.
There are 3,968,124 shares of common stock outstanding and entitled to vote at the meeting, and approval of the liquidation proposal requires the affirmative vote of the holders of at least a majority of such shares. As of February 21, 2013, 48.78% of the shares have been voted in favor of the proposal.
The Board of Directors would like to encourage all shareholders to vote as soon as possible, regardless of the number of shares owned. Your vote is important and we encourage you to vote promptly. Please follow the instructions on the materials mailed to you or call 1-877-254-8583 to cast your vote.
A vote "FOR" means shareholders believe the Fund should be liquidated.
A vote "AGAINST" means shareholders believe the Fund will continue to operate as a closed-end investment company.
About the Fund:
Diamond Hill Financial Trends Fund, Inc. is a diversified, closed-end fund with $47 million in net assets. The Fund seeks long-term capital appreciation by typically 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.
SOURCE Diamond Hill Financial Trends Fund, Inc.