Amended Statement of Beneficial Ownership (sc 13d/a)

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

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

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

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