COLUMBUS, Ohio, Aug. 12 /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:           $0.21

    Declaration Date:             August 12, 2009
    Record Date:                  August 24, 2009
    Payable Date:                 August 31, 2009

At this time there will not be a capital gain distribution as the Fund has accumulated realized losses of approximately $10,000,000 as of June 30, 2009.

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 between 80% and 115% of its assets long and sell short between 0% and 30% 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 www.diamond-hill.com.

SOURCE Diamond Hill Financial Trends Fund, Inc.