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IN THE UNITED STATES OF AMERICA/
TORONTO, Sept. 19, 2011 /CNW/ - Claymore Investments, Inc. is pleased to
announce that Claymore Silver Bullion Trust (the "Fund") has completed
the issuance of an additional 147,758 U.S. dollar hedged units (the
"Hedged Units") at a price of $25.80 per Hedged Unit pursuant to the
exercise of the over-allotment option granted to the Fund's agents in
respect of its recent short form prospectus offering (the "Offering")
for gross proceeds of $3,812,156.40. The Fund has now raised total
gross proceeds of $41,933,720.40 pursuant to the Offering. The Hedged
Units are listed on the Toronto Stock Exchange under the symbol
The Fund's investment objective is to replicate the performance of the
price of silver bullion, less the Fund's expenses and fees. The net
proceeds of the Offering were used to purchase and hold additional
physical silver bullion. All of the Fund's physical silver bullion is
stored on an allocated basis in the vaults of The Bank of Nova Scotia,
a Canadian Schedule I chartered bank, or an affiliate or a division
thereof, or a sub-custodian. This strategy will provide investors with
the ability to invest in silver bullion in a convenient, tradable and
secure manner without the associated inconvenience and high
transaction, handling, storage, insurance and other costs typical of
direct silver bullion investment.
The Offering was made on a best efforts agency basis in each of the
provinces and territories in Canada through a syndicate of investment
dealers co-led by GMP Securities L.P., Canaccord Genuity Corp. and TD
Securities Inc. and including BMO Nesbitt Burns Inc., National Bank
Financial Inc., Scotia Capital Inc., HSBC Securities (Canada) Inc.,
Raymond James Ltd., Desjardins Securities Inc., Dundee Securities Ltd.,
Macquarie Private Wealth Inc., Haywood Securities Inc., Mackie Research
Capital Corporation, and Rothenberg Capital Management Inc.
About Claymore Investments, Inc.
Claymore Investments, Inc. is a leader in bringing intelligent, low cost
exchange-traded and closed-end funds to Canada through its family of 31
ETFs and two closed-end funds across broad asset classes including core
equity, global sectors, fixed income and commodities. Claymore
Investments, Inc., which, as at August 31, 2011 had approximately $6.7
billion in assets under management, 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 is an
indirect subsidiary of Guggenheim Partners, LLC, ("Guggenheim") a
global, diversified financial services firm with in excess of US$100
billion in assets under supervision. Guggenheim, through its
affiliates, provides investment management, investment advisory,
insurance, investment banking and capital markets services.
SOURCE Claymore Investments, Inc.
For further information:
For more information investors should consult with their investment advisor or visit our website at www.claymoreinvestments.ca.
For media inquiries, please contact:
Vice President, Marketing, Claymore Investments, Inc.
President, Claymore Investments, Inc.