TORONTO, Feb. 28 /CNW/ - Claymore Investments, Inc. is pleased to
announce that Claymore Silver Bullion Trust (the "Fund") has filed a
final short form prospectus in connection with an offering (the
"Offering") of a new class of non-hedged trust units (the "Non-Hedged
Units"). The Non-Hedged Units will provide investors with direct
exposure to physical silver bullion. The maximum amount of the Offering
is $75 million at an offering price of $15.00 per Non-Hedged Unit. The
Non-Hedged Units will trade on the Toronto Stock Exchange (the "TSX")
under the symbol "SVR.C". Closing is scheduled to occur on or about
March 4, 2011.
The Fund completed its initial public offering of US dollar hedged units
(the "Hedged Units") and warrants on July 15, 2009. The Hedged Units
currently trade on the TSX under the symbol "SVR.UN". Hedged Units are
not being offered under the short form prospectus.
The Fund's investment objective is to replicate the performance of the
price of silver bullion, less the Fund's expenses and fees. This
objective will be accomplished by the Fund investing the net proceeds
of the Offering in holdings of pure, unencumbered silver bullion. 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 is being 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., TD Securities Inc. and Canaccord
Genuity Corp., and including BMO Capital Markets, Scotia Capital Inc.,
National Bank Financial Inc., HSBC Securities (Canada) Inc., Raymond
James Ltd., Desjardins Securities Inc., Dundee Securities Corp.,
Haywood Securities Inc., Mackie Research Capital Corporation,
Rothenberg Capital Management Inc. and Wellington West Capital Markets
About Claymore Investments, Inc.
Claymore Investments, Inc. is a leader in bringing intelligent, low cost
exchange traded funds in Canada through its family of 29 ETFs and two
closed-end funds across broad asset classes including core equity,
global sectors, fixed income and commodities and includes the Claymore
Gold Bullion ETF (TSX: CGL). Claymore Investments, Inc., which, as at
January 31, 2011 had approximately $5.8 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 and 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
For more information investors should consult with their investment
advisor or visit our website at www.claymoreinvestments.ca.
SOURCE Claymore Investments, Inc.
For further information:
For media inquiries, please contact:
Vice President, Marketing, Claymore Investments, Inc.
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President, Claymore Investments, Inc.