Nov. 24, 2010 (Canada NewsWire Group) --
TORONTO, Nov. 24 /CNW/ - Claymore Investments, Inc. announces today the estimated 2010 annual capital gains distributions for the Claymore Exchange-Traded Funds. Please be advised that these distribution amounts are only estimates as of November 19, 2010 and include forward looking information that may cause the estimates to change before the Funds' tax year on December 15, 2010. The final annual capital gains distributions will not be paid in cash but will be reinvested and reported as taxable distributions and will be used to increase the investor's adjusted cost base for the respective fund. These estimated amounts are for the annual capital gains distributions and do not include estimates of the regular quarterly or monthly cash distributions.
We anticipate announcing the actual annual capital gains distribution amounts along with the regular quarterly and monthly cash distributions on or about December 17, 2010. The record date for the final distributions will be December 30, 2010. The ex-dividend date for all ETFs will be December 24, 2010 except for the Claymore Premium Money Market ETF (TSX:CMR/CMR.A), which will have an ex-dividend date of December 30, 2010. The distributions will be paid/reinvested on December 31, 2010.
The actual taxable amounts of the 2010 distributions and their tax characteristics will be reported in early 2011.
| Fund Name | Trading Symbol |
Estimated annual capital gain per ETF unit as at Nov 19, 2010 |
Net Asset Value per ETF unit as at Nov 19, 2010 |
Estimated Cap Gains as a % of NAV as at Nov 19, 2010 |
| Claymore Canadian Fundamental Index ETF | CRQ | $0.2946 | $12.0524 | 2.44% |
| CRQ.A | $0.2592 | $12.0340 | 2.15% | |
| Claymore US Fundamental Index ETF - C$ Hedged | CLU | $1.3330 | $16.3236 | 8.17% |
| CLU.A | $1.3102 | $16.2507 | 8.06% | |
| Claymore US Fundamental Index ETF - non hedged | CLU.C | $0.8575 | $13.8911 | 6.17% |
| CLU.B | $0.8567 | $13.8770 | 6.17% | |
| Claymore S&P/TSX Canadian Dividend ETF | CDZ | $0.1922 | $20.2857 | 0.95% |
| CDZ.A | $0.1918 | $20.2428 | 0.95% | |
| Claymore Broad Emerging Markets ETF | CWO | $0.7947 | $34.1070 | 2.33% |
| CWO.A | $0.7891 | $33.8677 | 2.33% | |
| Claymore S&P/TSX CDN Preferred Share ETF | CPD | $0.1200 | $17.3253 | 0.69% |
| CPD.A | $0.1041 | $17.3155 | 0.60% | |
| Claymore Global Monthly Advantaged Dividend ETF | CYH | $0.1497 | $15.9710 | 0.94% |
| CYH.A | $0.1497 | $15.9643 | 0.94% | |
| Claymore Advantaged Canadian Bond ETF | CAB | $0.1990 | $20.1969 | 0.99% |
| CAB.A | $0.1802 | $20.1849 | 0.89% |
We currently estimate that the following funds will not incur any capital gains for the year:
| Fund Name |
Trading Symbol |
Estimated annual capital gain per fund unit |
| Claymore International Fundamental Index ETF | CIE | $0.00 |
| CIE.A | $0.00 | |
| Claymore Japan Fundamental Index ETF C$ hedged | CJP | $0.00 |
| CJP.A | $0.00 | |
| Claymore Global Real Estate ETF | CGR | $0.00 |
| CGR.A | $0.00 | |
| Claymore Global Infrastructure ETF | CIF | $0.00 |
| CIF.A | $0.00 | |
| Claymore Oil Sands Sector ETF | CLO | $0.00 |
| CLO.A | $0.00 | |
| Claymore S&P/TSX Global Mining ETF | CMW | $0.00 |
| CMW.A | $0.00 | |
| Claymore Equal Weight Banc & Lifeco ETF | CEW | $0.00 |
| CEW.A | $0.00 | |
| Claymore Global Agriculture ETF | COW | $0.00 |
| COW.A | $0.00 | |
| Claymore S&P Global Water ETF | CWW | $0.00 |
| CWW.A | $0.00 | |
| Claymore BRIC ETF | CBQ | $0.00 |
| CBQ.A | $0.00 | |
| Claymore China ETF | CHI | $0.00 |
| CHI.A | $0.00 | |
| Claymore Canadian Financial Monthly Income ETF | FIE | $0.00 |
| FIE.A | $0.00 | |
| Claymore 1-5 Yr Laddered Government Bond ETF | CLF | $0.00 |
| CLF.A | $0.00 | |
| Claymore 1-5 Yr Laddered Corporate Bond ETF | CBO | $0.00 |
| CBO.A | $0.00 | |
| Claymore Advantaged High Yield Bond ETF | CHB | $0.00 |
| CHB.A | $0.00 | |
| Claymore 10 Yr Inverse Government Bond ETF | CIB | $0.00 |
| Claymore Premium Money Market ETF | CMR | $0.00 |
| CMR.A | $0.00 | |
| Claymore Balanced Income CorePortfolioTM ETF | CBD | $0.00 |
| CBD.A | $0.00 | |
| Claymore Balanced Growth CorePortfolioTM ETF | CBN | $0.00 |
| CBN.A | $0.00 | |
| Claymore Broad Commodity ETF | CBR | $0.00 |
| CBR.A | $0.00 | |
| Claymore Gold Bullion ETF | CGL | $0.00 |
| Claymore Natural Gas Commodity ETF | GAS | $0.00 |
| Claymore Silver Bullion Trust | SVR.UN | $0.00 |
Commentary on the estimated capital gains distributions
Claymore manages the holdings of the Claymore ETFs in a way that
minimizes the amount of capital gains incurred by the funds. "Only
eight of our twenty nine Claymore ETFs have capital gains for 2010
which is a great testament to the tax efficiency of the ETF structure"
said Som Seif, President and CEO of Claymore Investments, Inc. "This
fact highlights another significant advantage that ETFs offer over
traditional products in addition to their low costs. Canadian investors
seek to maximize their real after tax returns and minimizing taxes can
considerably improve the performance of investors' portfolios."
CRQ/CRQ.A
The estimated capital gains of the Claymore Canadian Fundamental Index
ETF (TSX:CRQ/CRQ.A) are the result of the annual index rebalance in
March 2010 and were primarily due to the large gain from Teck Resources
Ltd (TCK.B), which was rebalanced to lower weighting after its strong
performance in the previous year which positively contributed to the
performance of the fund.
CLU/CLU.A (C$ hedged) and CLU.C/CLU.B (non-hedged)
The estimated capital gains of the Claymore US Fundamental Index ETF
(TSX:CLU/CLU.A and CLU.C/CLU.B) are the result of the portfolio
rebalancing trades that took place throughout the year. In addition,
the hedged units (TSX:CLU/CLU.A) have higher estimated distributions
due to gains realized through the currency hedging strategy employed by
the fund that is designed to reduce the currency risk from USD/CAD
exchange rate fluctuations for Canadian based investors.
CDZ/CDZ.A
The estimated capital gains of the Claymore S&P/TSX Canadian Dividend
ETF (TSX:CDZ/CDZ.A) are the result of index rebalancing during the year
along with the fund's continued strong performance.
CWO/CWO.A
The estimated capital gains of the Claymore Broad Emerging Markets ETF
(TSX:CWO/CWO.A) are entirely result of the gains realized through the
currency hedging strategy employed by the fund that is designed to
reduce the currency risk from USD/CAD exchange rate fluctuations for
Canadian based investors.
CPD/CPD.A
The estimated capital gains of the Claymore S&P/TSX CDN Preferred Share
ETF (TSX:CPD/CPD.A) are due to the portfolio rebalancing trades that
occurred in July as a result of changes by S&P in the index methodology
to better reflect current conditions in the Canadian preferred share
market.
Tax Advantaged ETFs
CYH/CYH and CAB/CAB.A
The estimated capital gains of the Claymore Tax Advantaged ETFs,
Claymore Global Monthly Advantaged Dividend ETF (TSX:CYH/CYH.A) and
Claymore Advantaged Canadian Bond ETF (TSX:CAB/CAB.A) are the result of
sale of securities from the portfolio of common shares of Canadian
public companies which the ETFs invest in as part of their strategy to
provide tax advantaged distributions to their unitholders.
About Claymore Investments
Claymore Investments, Inc. ("Claymore") is a Canadian leader in bringing
intelligent, low cost exchange-traded funds in Canada through its
family of 29 ETFs and 2 closed-end funds across broad asset classes
including core equity, global sectors, fixed income and commodities
with approximately $5.3 billion in assets under management as of
October 31, 2010. Claymore Investments, Inc. is a wholly-owned
subsidiary of Guggenheim Funds Services Group, Inc., a financial
services and asset management company based in the Chicago, Illinois
area and an indirect subsidiary of Guggenheim Partners, LLC,
("Guggenheim") a global, diversified financial services firm with more
than $100 billion in assets under supervision. Guggenheim, through its
affiliates, provides investment management, investment advisory,
insurance, investment banking, and capital markets services. The firm
is headquartered in Chicago and New York with a global network of
offices throughout the United States, Europe, and Asia.
For further information about any of the Claymore ETFs or Claymore Investments, Inc., please visit our website at www.claymoreinvestments.ca
Commissions, trailing commissions, management fees and expenses all may be associated with mutual fund investments. Please read the prospectus before investing. Mutual funds are not guaranteed, their values change frequently and past performance may not be repeated.
For more information investors should consult with their investment advisor or visit our website at www.claymoreinvestments.ca.
For media inquiries, please contact:
Dan Rubin
Vice-President, Marketing
(416) 813-2018
drubin@claymoreinvestments.ca
