Business & Finance
Business and Finance
Business and Finance
Thu, November 15, 2012
Wed, November 14, 2012 Diamond Hill Financial Trends Fund, Inc. Announces Results of 2012 Special Shareholder Meeting
Diamond Hill Financial Trends Fund, Inc. Announces Results of 2012 Special Shareholder... -- COLUMBUS, Ohio, Nov. 14, 2012 /PRNewswire/ --
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.
