From the Wires
Diamond Hill Financial Trends Fund, Inc. Announces Board Approval Of Prospective Fund Liquidation
By: PR Newswire
Dec. 7, 2012 04:15 PM
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:
SOURCE Diamond Hill Financial Trends Fund, Inc.
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