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