Diamond Hill Financial Trends Fund, Inc. Announces Results of 2012
Special Shareholder Meeting
COLUMBUS, Ohio, Nov. 14, 2012 /PRNewswire/ -- Diamond Hill
Financial Trends Fund, Inc. (NASDAQ: DHFT) held a Special Meeting
of Shareholders today to vote on a non-binding advisory proposal to
continue to operate the fund as a closed-end financial services
investment company. There were 3,968,124 shares of common
stock entitled to be voted. 2,314,794 shares were voted in
person or by proxy. The final voting results for the proposal
were as follows:
|
Shares
|
Percent
of Total
Outstanding Shares
|
|
For
|
670,605
|
16.9%
|
|
Against
|
1,638,060
|
41.3%
|
|
Abstain
|
6,129
|
0.1%
|
|
Non-Voted
|
1,653,330
|
41.7%
|
|
Total
Outstanding Shares
|
3,968,124
|
100.0%
|
A vote "FOR" means shareholders believe the Fund should continue
to operate as a closed-end financial services investment
company.
A vote "AGAINST" means shareholders believe the Board should
consider alternatives, including liquidating the Fund.
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.