COLUMBUS, Ohio, Dec. 10 /PRNewswire-FirstCall/ -- Diamond Hill Financial Trends Fund, Inc. (Nasdaq: DHFT) announced today that the fund will pay an income dividend as follows:


Dividend per Share:      $0.12

Declaration Date:        December 10, 2009
Record Date:             December 21, 2009
Payable Date:            December 28, 2009

2010 Expense Ratio Information:

The Fund's Investment Advisor, Diamond Hill Capital Management, Inc., ("DHCM") has been operating under an expense limitation agreement, under which they agreed to waive their fees in order to keep the Fund's total operating expense ratio to no more than 1.15%. This agreement expires on January 3, 2010. The Board of Directors has approved a new expense limitation arrangement upon the expiration of the previous agreement. Under the terms of the new arrangement, DHCM has agreed to waive its investment advisory fees to maintain a total operating expense ratio no greater than 1.59% subject to a maximum waiver of 0.15%. This new expense limitation arrangement will continue until December 31, 2010.

Based on the Fund's current net assets of $40 million, management estimates the total operating expense ratio for 2010 to be between 1.20% and 1.40%. Operating expenses exclude investment related expenses, such as dividend expense on securities held short. The total operating expense ratio can fluctuate significantly as assets fluctuate, so actual expenses for 2010 could be higher or lower than management's estimate.

About the Fund:

The Fund's primary objective is to seek long-term capital appreciation by investing in companies selling for less than and shorting companies selling for more than our appraisal of intrinsic value. Current income is a secondary objective. The Fund invests at between 80% and 115% of its assets long and sells short between 0% and 30% of its assets in stocks of U.S. financial services companies of any size.

About Diamond Hill:

Diamond Hill Capital Management, Inc. provides investment management services to institutions and financial intermediaries seeking to preserve and build wealth. The firm currently manages mutual funds, separate accounts and private investment funds. For more information on Diamond Hill, visit www.diamond-hill.com.

SOURCE Diamond Hill Financial Trends Fund, Inc.