Sat, Sep 20, 2014, 11:29 AM EDT - U.S. Markets closed

Recent

% | $
Quotes you view appear here for quick access.

Diamond Hill Financial Trends Fund, Inc. Message Board

  • habitsowner habitsowner Jan 31, 2013 3:36 PM Flag

    Liquidation

    What is the consensus re the plan of liquidation? When we finally got a decent year-end distribution, we're hit with the fact that over half the share-holders seem to want the plan liquidated. I presume all of those got in at a different time than did I, since my basis is $13.61, I'm bound to have a loss. That's not what I need. I'm not happy, needless to say!

    SortNewest  |  Oldest  |  Most Replied Expand all replies
    • According to the recent prospectus announcing the liquidation, the calculated per share value of the fund was 12.26 based on market value of holdings ($ 46 MM) and shares outstanding (3 plus MM) in early Jan. 2013 [i don't have the exact figures in front of me]. Also according to SEC filings on two separtae occasions in early Jan. , the largest shareholder (25% or so ownership) continues to buy shares. I don't understand why the fund shares at 12.55 are selling for more than what the gross liquidation value is, before liq. expenses. Can anyone explian?

 

Trending Tickers

i
Trending Tickers features significant U.S. stocks showing the most dramatic increase in user interest in Yahoo Finance in the previous hour over historic norms. The list is limited to those equities which trade at least 100,000 shares on an average day and have a market cap of more than $300 million.
AutoZone, Inc.
NYSEFri, Sep 19, 2014 4:02 PM EDT
Dresser-Rand Group Inc.
NYSEFri, Sep 19, 2014 4:04 PM EDT