Diamond Hill Investments CEO Files Schedule 13D

Diamond Hill Investment Group, Inc. (NASDAQ:DHIL), today announced that CEO R. H. Dillon filed Schedule 13D indicating ownership of 141,364 shares of the company’s common stock. Mr. Dillon is the largest shareholder of the company as his ownership represents 6.8% of the total shares outstanding. In February Mr. Dillon exercised the balance of his vested stock warrants which were granted upon his hiring in May 2000. As a result of this and previous transactions the company will take a tax deduction of $18.3 million but under generally accepted accounting principles there will be $0 expense in the financial statements.

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