TORONTO, Dec. 19, 2011 /CNW/ - Claymore Investments, Inc. announces today the 2011 annual capital gains distributions for the Claymore Exchange-Traded Funds ("ETFs").
The annual capital gains distributions will not be paid in cash and will not affect the Net Asset Value per unit of the ETF but will be reinvested and reported as taxable distributions and will increase the investor's adjusted cost base for the respective ETF, with no change in numbers of units outstanding. The record date for the final distributions is December 29, 2011. The ex-dividend date for all ETFs is December 23, 2011 except for the Claymore Premium Money Market ETF (TSX:CMR/CMR.A), which will have an ex-dividend date of December 29, 2011. The distributions will be paid/reinvested on December 30, 2011.
Claymore manages the holdings of the Claymore ETFs in a way that minimizes the amount of capital gains incurred by the funds. "Only three of our thirty four Claymore ETFs have capital gains for the tax year 2011, 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."
The 2011 distributions and their tax characteristics will be reported in
early 2012.
| Fund Name |
Trading Symbol |
Annual capital gain per ETF unit as at Dec 15, 2011 |
Net Asset Value per ETF unit as at Dec 15, 2011 |
Cap Gains as a % of NAV as at Dec 15, 2011 |
| Claymore S&P/TSX Canadian Dividend ETF | CDZ | $0.8014 | $20.6350 | 3.88% |
| CDZ.A | $0.7569 | $20.5733 | 3.68% | |
| Claymore Global Infrastructure ETF | CIF | $0.4531 | $16.7258 | 2.71% |
| CIF.A | $0.3863 | $16.6594 | 2.32% | |
| Claymore S&P US Dividend Growers ETF | CUD | $0.1135 | $20.7555 | 0.55% |
| CUD.A | $0.0961 | $20.7508 | 0.46% |
The following funds will not incur capital gains for the year:
| Fund Name |
Trading Symbol |
Estimated annual capital gain per fund unit |
| Claymore Canadian Fundamental Index ETF | CRQ | $0.00 |
| CRQ.A | $0.00 | |
| Claymore US Fundamental Index ETF (C$ Hedged) | CLU | $0.00 |
| CLU.A | $0.00 | |
| Claymore US Fundamental Index ETF (Non-hedged) | CLU.B | $0.00 |
| CLU.C | $0.00 | |
| 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 Monthly Advantaged Dividend ETF | CYH | $0.00 |
| CYH.A | $0.00 | |
| Claymore Canadian Financial Monthly Income ETF | FIE | $0.00 |
| FIE.A | $0.00 | |
| Claymore Broad Emerging Markets ETF | CWO | $0.00 |
| CWO.A | $0.00 | |
| Claymore BRIC ETF | CBQ | $0.00 |
| CBQ.A | $0.00 | |
| Claymore China ETF | CHI | $0.00 |
| CHI.A | $0.00 | |
| Claymore Global Real Estate ETF | CGR | $0.00 |
| CGR.A | $0.00 | |
| Claymore Global Agriculture ETF | COW | $0.00 |
| COW.A | $0.00 | |
| Claymore S&P/TSX Global Mining ETF | CMW | $0.00 |
| CMW.A | $0.00 | |
| Claymore S&P Global Water ETF | CWW | $0.00 |
| CWW.A | $0.00 | |
| Claymore Oil Sands Sector ETF | CLO | $0.00 |
| CLO.A | $0.00 | |
| Claymore Equal Weight Banc & Lifeco ETF | CEW | $0.00 |
| CEW.A | $0.00 | |
| Claymore Premium Money Market ETF | CMR | $0.00 |
| CMR.A | $0.00 | |
| Claymore Advantaged Canadian Bond ETF | CAB | $0.00 |
| CAB.A | $0.00 | |
| Claymore Advantaged High Yield Bond ETF | CHB | $0.00 |
| CHB.A | $0.00 | |
| Claymore Advantaged Short Duration High Income ETF | CSD | $0.00 |
| CSD.A | $0.00 | |
| Fund Name |
Trading Symbol |
Estimated annual capital gain per fund unit |
| Claymore Advantaged Short Duration High Income ETF (US$ Units) | CSD.U | $0.00 |
| CSD.V | $0.00 | |
| Claymore Advantaged Convertible Bond ETF | CVD | $0.00 |
| CVD.A | $0.00 | |
| Claymore 1-5 Yr Laddered Government Bond ETF | CLF | $0.00 |
| CLF.A | $0.00 | |
| Claymore 1-10 Yr Laddered Government Bond ETF | CLG | $0.00 |
| CLG.A | $0.00 | |
| Claymore 1-5 Yr Laddered Corporate Bond ETF | CBO | $0.00 |
| CBO.A | $0.00 | |
| Claymore 1-10 Yr Laddered Corporate Bond ETF | CBH | $0.00 |
| CBH.A | $0.00 | |
| Claymore S&P/TSX CDN Preferred Share ETF | CPD | $0.00 |
| CPD.A | $0.00 | |
| Claymore 10 Yr Inverse Government Bond ETF | CIB | $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 | $0.00 | |
| Claymore Gold Bullion ETF (C$ Hedged) | CGL | $0.00 |
| Claymore Gold Bullion ETF (Non-Hedged) | CGL.C | $0.00 |
| Claymore Natural Gas Commodity ETF | GAS |
$0.00 |
Commentary on the capital gains distributions
CDZ/CDZ.A
The capital gains of the Claymore S&P/TSX Canadian Dividend ETF
(TSX:CDZ/CDZ.A) are the result of the annual index rebalancing, the
largest gain arising from sales of Keyera Corp (TSX:KEY). In the months
leading up to the rebalance Keyera's stock price exhibited a strong
uptrend, reducing the security's dividend yield, and leading it to be
rebalanced to a lower weight in the portfolio in accordance with the
ETF's index methodology.
CIF/CIF.A
The capital gains of the Claymore Global Infrastructure ETF are the
result of the index rebalancing during the year. Most notably the gain
resulted from the sales of Chicago Bridge & Iron Company (NYSE:CBI) in
the February and May 2011 rebalances, as well as the rebalance of El
Paso Corporation (NYSE:EP), which was removed from the index in
November.
CUD/CUD.A
The capital gains of the Claymore S&P US Dividend Growers ETF are the result of the annual index rebalancing in December. The
largest contributor was CenturyLink Inc (NYSE:CTL), which was removed
from the index because it had failed to increase their dividend in
2010.
About Claymore Investments, Inc.
Claymore Investments, Inc. ("Claymore") is a Canadian leader in bringing
intelligent, low cost exchange-traded funds in Canada through its
family of 34 ETFs and 2 closed-end funds across broad asset classes
including core equity, global sectors, fixed income and commodities
with approximately $7.0 billion in assets under management as of
November 30, 2011. Claymore 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 $125 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 investment fund investments. Please read the prospectus before investing. Investment 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
