/C O R R E C T I O N -- Diamond Hill Financial Trends Fund, Inc./
August 21 2008 - 11:59AM
PR Newswire (US)
In the news release, Diamond Hill Financial Trends Fund, Inc.
(Nasdaq: DHFT) Announces Distribution, issued yesterday, Aug. 20,
by Diamond Hill Financial Trends Fund, Inc. over PR Newswire, we
are advised by the company that the payable dates for income
dividend and capital gain distribution are now as follows:
COLUMBUS, Ohio, Aug. 20 /PRNewswire-FirstCall/ -- Diamond Hill
Financial Trends Fund, Inc. (NASDAQ:DHFT) announced today that the
fund will pay an income dividend and capital gain distribution as
follows: Declaration Date: August 20, 2008 Record Date: August 29,
2008 Payable Date: September 5, 2008 Source of Distribution: Per
Share Dividend Income: $0.00350 Short-Term Capital Gain: $0.06666
Long-Term Capital Gain: $0.25516 Total Distribution: $0.32181 Mr.
Frank Golden, the Fund's chairman, stated, "The Board of Directors
has been pleased with the commitment of Diamond Hill Capital
Management, Inc., the Fund's advisor, and although the financial
sector has seen turmoil in recent months, we believe that the
Advisor's long-term approach positions the Fund well for any
recovery in the financial sector." Mr. Golden also stated, "as a
result of the market down-turn, the Fund's unrealized gains
virtually have been eliminated, which may have the effect of
reducing the potential tax liability to shareholders." Mr.
Christopher Bingaman, CFA, the Fund's portfolio manager, stated,
"The current market conditions have provided many buying
opportunities of companies that we believe are trading below our
estimate of their intrinsic value. We remain optimistic regarding
the long-term investment outlook for financial stocks." About the
Fund: Diamond Hill Financial Trends Fund, Inc. is a diversified,
closed-end fund. The Fund seeks long-term capital appreciation with
current income as a secondary objective by investing at least 80%
of its assets in stocks of U.S. financial services companies of any
size. About Diamond Hill: Diamond Hill provides investment
management services to institutions and financial intermediaries
seeking to preserve and build capital. The firm currently manages
mutual funds, separate accounts and private investment funds. For
more information on Diamond Hill, visit
http://www.diamond-hill.com/. DATASOURCE: Diamond Hill Financial
Trends Fund, Inc. CONTACT: Investors, James F. Laird, President of
Diamond Hill Financial Trends Fund, Inc., +1-614-255-3353, Web
site: http://www.diamond-hill.com/
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