0001462180-13-000016.txt : 20130219 0001462180-13-000016.hdr.sgml : 20130219 20130219161736 ACCESSION NUMBER: 0001462180-13-000016 CONFORMED SUBMISSION TYPE: SC 13D/A PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20130219 DATE AS OF CHANGE: 20130219 GROUP MEMBERS: ANDREW DAKOS GROUP MEMBERS: BROOKLYN CAPITAL MANAGEMENT LLC GROUP MEMBERS: BULLDOG INVESTORS GROUP MEMBERS: PHILLIP GOLDSTEIN GROUP MEMBERS: STEVEN SAMUELS 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: 13623636 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 02/15/13 1. NAME OF REPORTING PERSON Bulldog Investors, Brooklyn Capital Management, Phillip Goldstein, Andrew Dakos, Steven Samuels 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 1,271,437 8. SHARED VOTING POWER 41,000 9. SOLE DISPOSITIVE POWER 1,312,437 _______________________________________________________ 10. SHARED DISPOSITIVE POWER 0 11. AGGREGATE AMOUNT OWNED BY EACH REPORTING PERSON 1,312,437 12. CHECK IF THE AGGREGATE AMOUNT EXCLUDES CERTAIN SHARES [] ___________________________________________________________ 13. PERCENT OF CLASS REPRESENTED BY ROW 11 33.07% 14. TYPE OF REPORTING PERSON IA _______________________________________________________ Item 1. SECURITY AND ISSUER This statement constitutes Amendment #14 to the schedule 13d filed January 13, 2012. Except as specifically set forth herein, the Schedule 13d remains unmodified. ITEM 2. IDENTITY AND BACKGROUND Item 2 is hereby modified to include the following updated information: This statement is filed on behalf of Bulldog Investors, as defined below; Brooklyn Capital Management, LLC, Park 80 West, Plaza Two, Saddle Brook, NJ 07663, a Delaware limited liability company and registered investment adviser; Phillip Goldstein, 60 Heritage Drive Pleasantville, NY 10570, a principal of Bulldog Investors and member of Brooklyn Capital Management; Andrew Dakos, Park 80 West, Plaza Two, Saddle Brook, NJ 07663, a principal of Bulldog Investors and member of Brooklyn Capital Management; and Steven Samuels, Park 80 West, Plaza Two, Saddle Brook, NJ 07663, a principal of Bulldog Investors and member of Brooklyn Capital Management. 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 percentages set forth herein were derived using such number. Phillip Goldstein, Andrew Dakos and Steven Samuels own Brooklyn Capital Management, LLC (BCM), a registered investment advisor. As of February 15, 2013, BCM is deemed to be the beneficial owner of 1,312,437 shares of DHFT (representing 33.07% of DHFT's outstanding shares) solely by virtue of BCM's power to direct the vote of, and dispose of, these shares. These 1,312,437 shares of DHFT include 844,238 shares (representing 21.28% of DHFT's outstanding shares) that are beneficially owned by the following entities over which Messrs. Goldstein, Dakos and Mr. Samuels exercise control: Opportunity Partners LP, Calapasas West Partners, LP, Full Value Special Situations Fund, LP, Full Value Offshore Fund, Ltd., Full Value Partners, LP, Opportunity Income Plus, LP, and MCM Opportunity Partners, LP (collectively, Bulldog Investors). Bulldog Investors may be deemed to constitute a group. All other shares included in the aforementioned 1,312,437 shares of DHFT beneficially owned by BCM (solely by virtue of its power to sell or direct the vote of these shares) are also beneficially owned by clients of BCM who are not members of any group. The total number of these "non-group" shares is 468,199 shares (representing 11.79% of DHFT's outstanding shares). c) Since the last filing on 1/17/13 the following shares were purchased: Date: Shares: Price: 01/17/13 13,706 12.0908 01/18/13 11,377 12.1040 01/22/13 1,500 12.2753 01/23/13 1,385 12.1609 01/24/13 10,076 12.2946 01/25/13 13,600 12.3863 01/29/13 4,481 12.3834 01/30/13 6,000 12.4751 01/30/13 3,746 12.5071 01/31/13 3,400 12.4943 02/01/13 1,425 12.5819 02/05/13 100 12.6500 02/06/13 300 12.6867 02/07/13 4,100 12.6944 02/11/13 315 12.7063 02/14/13 14,600 12.9420 02/15/13 4,174 12.9750 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 Exhibit A - Agreement to Make Joint Filing 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: 02/19/2013 By: /s/ Phillip Goldstein Name: Phillip Goldstein By: /S/ Andrew Dakos Name: Andrew Dakos By: /S/ Steven Samuels Name: Steven Samuels Exhibit A: Agreement to Make Joint Filing Agreement made as of the 19th day of February, 2013, by and among Brooklyn Capital Management, LLC, Phillip Goldstein, Andrew Dakos, Steven Samuels, Opportunity Partners LP, Calapasas West Partners, LP, Full Value Special Situations Fund, LP, Full Value Offshore Partners, LP, Full Value Partners, LP, Opportunity Income Plus, LP, and MCM Opportunity Partners, LP. WHEREAS, Rule 13d-1(k)(1) under the Securities Exchange Act of 1934 provides that whenever two or more persons are required to file a statement containing the information required by Schedule 13D with respect to the same securities, only one such statement need be filed, so long as, among other things, such filing includes as an exhibit an agreement among such persons that such a statement is filed on behalf of each of them; WHEREAS, in connection with certain holdings of Diamond Hill Financial Trends Fund Inc. (DHFT), each of the parties to this Agreement is required to file a statement containing the information required by Schedule 13D with respect to the same holdings of DHFT; NOW THEREFORE, the parties hereby agree that one statement containing the information required by Schedule 13D shall be filed on behalf of each party hereto. IN WITNESS WHEREOF, this Agreement has been duly executed by the parties hereto as of the day and year first written above. By: /s/ Phillip Goldstein By: /s/ Andrew Dakos Phillip Goldstein Andrew Dakos OPPORTUNITY PARTNERS, LP By: /s/ Steven Samuels By: /s/ Phillip Goldstein Steven Samuels Phillip Goldstein, Manager of the GP CALAPASAS WEST PARTNERS, LP FULL VALUE SPECIAL SITUATIONS FUND, LP By: /s/ Phillip Goldstein By: /s/ Phillip Goldstein Phillip Goldstein, Phillip Goldstein, Manager of the GP Manager of the GP FULL VALUE OFFSHORE PARTNERS, LP FULL VALUE PARTNERS, LP By: /s/ Phillip Goldstein By: /s/ Phillip Goldstein Phillip Goldstein, Phillip Goldstein, Manager of the GP Manager of the GP OPPORTUNITY INCOME PLUS, LP MCM OPPORTUNITY PARTNERS LP By: /s/ Phillip Goldstein By: /s/ Phillip Goldstein Phillip Goldstein, Phillip Goldstein, Manager of the GP Manager of the GP