Diamond Hill Announces Private Placement

Diamond Hill Investment Group, Inc. (NASDAQ:DHIL) today announced the sale of 60,000 shares of the company’s common stock at a price of $7.00 per share to three key individuals. Ric Dillon, President of Diamond Hill stated, “George McElroy, Pete Williams and Gary Young are exceptional people who recently agreed to join the Diamond Hill team. I am very pleased that these individuals, who have significant industry experience and expertise, are committing their efforts and capital to our firm.” Dillon went on to say “we have built an outstanding investment team and an excellent track record for all of our portfolios. We expect to continue to add new clients and grow assets under management, ultimately leading to profitability once scale is achieved.”

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