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