0000913849-12-000110.txt : 20120214 0000913849-12-000110.hdr.sgml : 20120214 20120214144131 ACCESSION NUMBER: 0000913849-12-000110 CONFORMED SUBMISSION TYPE: SC 13G PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20120214 DATE AS OF CHANGE: 20120214 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 13G SEC ACT: 1934 Act SEC FILE NUMBER: 005-41158 FILM NUMBER: 12607982 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: RIVERNORTH CAPITAL MANAGEMENT, LLC CENTRAL INDEX KEY: 0001447578 IRS NUMBER: 271560688 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G BUSINESS ADDRESS: STREET 1: 325 N. LASALLE STREET STREET 2: SUITE 645 CITY: CHICAGO STATE: IL ZIP: 60654 BUSINESS PHONE: 312-832-0409 MAIL ADDRESS: STREET 1: 325 N. LASALLE STREET STREET 2: SUITE 645 CITY: CHICAGO STATE: IL ZIP: 60654 FORMER COMPANY: FORMER CONFORMED NAME: RIVERNORTH CAPITAL MANAGEMENT, INC. DATE OF NAME CHANGE: 20081009 SC 13G 1 sc13g_021312-2.htm SCHEDULE 13G sc13g_021312-2.htm
 
 
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
 
 
SCHEDULE 13G

Under the Securities Exchange Act of 1934
 
(Amendment No. __)*
 
Diamond Hill Financial Trends Fund, Inc.
(Name of Issuer)
 
Common Stock
(Title of Class of Securities)
 
 
25264C101
  
(CUSIP Number)
 
December 31, 2011
(Date of Event Which Requires Filing of this Statement)
 
Check the appropriate box to designate the rule pursuant to which this Schedule is filed:
 
x    Rule 13d-1(b)
 
o    Rule 13d-1(c)
 
o Rule 13d-1(d)
 
*The remainder of this cover page shall be filled out for a reporting person’s initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter the disclosures provided in a prior cover page.
 
The information required in the remainder of this cover page shall not be deemed to be “filed” for the purpose of Section 18 of the Securities Exchange Act of 1934 (“Act”) or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).
 
 
 
Page 1 of 5 pages
CUSIP No.   25264C101
 
 
1.
Names of Reporting Persons
 
RiverNorth Capital Management, LLC
2.
Check the Appropriate Box if a Member of a Group (See Instructions)
 
(a)
o
 
(b)
o
3.
SEC Use Only
 
  
4.
Citizenship or Place of Organization
 
 
Delaware
Number of
Shares
Beneficially
Owned by
Each
Reporting
Person With:
5. Sole Voting Power
 
218,267
  
6. Shared Voting Power   
 
0
  
7. Sole Dispositive Power
 
218,267
  
8. Shared Dispositive Power
 
0
  
9.
Aggregate Amount Beneficially Owned by Each Reporting Person   
 
 
218,267 shares
10.
Check if the Aggregate Amount in Row (9) Excludes Certain Shares
(See Instructions)
 
 o
11.
Percent of Class Represented by Amount in Row (9)
 
 
  5.5%
12.
Type of Reporting Person (See Instructions)
 
IA
 
 
   
   
 
 
Page 2 of 5 pages
 
 
 
Item 1(a).
 
Name of Issuer:
 
Diamond Hill Financial Trends Fund, Inc.
 
Item 1(b).
 
 Address of Issuer’s Principal Executive Offices:
 
 
325 John H. McConnell Boulevard, Suite 200, Columbus, OH 43215
 
Item 2(a).
 
Name of Person Filing:
 
 
RiverNorth Capital Management, LLC
 
Item 2(b).
 
Address of Principal Business Office or, if none, Residence:
 
 
325 N. LaSalle Street, Suite 645, Chicago, IL 60654-7030
 
Item 2(c).
 
Citizenship:
 
 
Delaware Limited Liability Company
 
Item 2(d).
 
Title of Class of Securities:
 
 
Common Stock
 
Item 2(e).
 
CUSIP Number:
 
25264C101
 
Item 3.  
If this statement is filed pursuant to §§240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:
 
(a)
o
 Broker or dealer registered under Section 15 of the Act (15 U.S.C. 78o).
(b)
o
Bank as defined in Section 3(a)(6) of the Act (15 U.S.C. 78c).
(c)
o
 Insurance company as defined in Section 3(a)(19) of the Act (15 U.S.C. 78c).
(d)
o
 Investment company registered under Section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8).
(e)
x
An investment adviser in accordance with §240.13d-1(b)(1)(ii)(E).
(f)
o
 An employee benefit plan or endowment fund in accordance with §240.13d-1(b)(1)(ii)(F).
(g)
o
 A parent holding company or control person in accordance with §240.13d-1(b)(1)(ii)(G).
(h)
o
 A savings association as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813).
(i)
o
 A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3).
      (j)
o
 A non-U.S. institution in accordance with §240.13d-1(b)(1)(ii)(J);
(k)
o
 Group, in accordance with §240.13d-1(b)(1)(ii)(K).
 
Item 4.  
Ownership.
 
 
Provide the following information regarding the aggregate number and percentage of the class of securities of the issuer identified in Item 1.
 
 
(a)
Amount beneficially owned:
 
   
218,267 shares
 
 
(b)
Percent of class:
 
   
5.5%
 
 
(c)
Number of shares as to which the person has:
 
   
(i)        Sole power to vote or to direct the vote:    218,267
                                                                                               
   
                                                                                                 
 
 
 
Page 3 of 5 pages
 
 
   
(ii)         Shared power to vote or to direct the vote:    0
 
   
(iii)        Sole power to dispose or to direct the disposition of:    218,267
 
   
(iv)        Shared power to dispose or to direct the disposition of:    0
                                                                                                 
 
Item 5.  
Ownership of Five Percent or Less of a Class.
 
 
Not applicable.
 
Item 6.  
Ownership of More than Five Percent on Behalf of Another Person.
 
 
Other persons have the right to receive the proceeds from the sale of the securities reported herein.
 
Item 7.  
Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person.
 
 
Not applicable.
 
Item 8.  
Identification and Classification of Members of the Group.
 
 
Not applicable.
 
Item 9.  
Notice of Dissolution of Group.
 
 
Not applicable.
 
 
Page 4 of 5 pages
 
 
Item 10.  
Certification.
 
By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect.
 
SIGNATURE
 
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.
 
 
 
  February 14, 2012
  Date
   
   
  /s/Jonathan M. Mohrhardt
  Signature
   
   
   
 
Jonathan M. Mohrhardt, Chief Compliance Officer
  Name and Title
 
 
 
 
Page 5 of 5 pages