TORONTO, Jan. 28 /CNW/ - Claymore Investments, Inc., a leading provider
of intelligent Exchange-Traded Funds (ETFs) in Canada, is pleased to announce
that all Claymore ETFs listed on the TSX will now offer a Distribution
Reinvestment Plan ("Auto DRIP"), a Pre-Authorized Cash Contribution Plan
("PACC Plan"), and a Systematic Withdrawal Plan ("SWP") for Unitholders
effective February 2009.
"We are very excited to be able to bring this innovation to the global
ETF industry and to Canadian marketplace. We are continually looking at ways
to help improve the ETF structure and make it easier for investors of all
sizes to invest more effectively and efficiently. Given trading commissions,
we generally find ETFs have not been best suited for small investors, dollar
cost averaging strategies or income withdrawal plans. With the launch of our
Auto DRIP, PACC and SWP, Unitholders can now compound their Claymore ETFs
distributions in additional Units, make regular cash contributions or create
an income stream from their ETF Units, without having to worry about paying
additional commissions on these trades," said Som Seif, President & CEO of
Claymore Investments, Inc. "This is truly a revolutionary step for Claymore
ETFs and we are happy to be the firm who are bringing this innovation to the
industry."
Automatic Dividend Reinvestment Plan (Auto DRIP)
Effective February 2009, under the Auto Drip, any distributions made by a
Claymore ETF are automatically used to purchase additional Units of the
Claymore ETF making the distribution. Unitholders who wish to receive cash
distributions from the Claymore ETFs may opt-out of the Auto DRIP. The Auto
DRIP Plan allows Unitholders to acquire additional Units to their investment
without incurring additional trading commissions.
Pre-Authorized Cash Contribution Plan (PACC Plan)
The PACC Plan offers convenience to existing Unitholders of Claymore ETFs
to make regular monthly, quarterly or annual purchases of Units. The PACC Plan
offers Unitholders the ability to dollar cost average into Claymore ETFs in a
convenient, commission-free manner.
Systematic Withdrawal Plan (SWP)
The Claymore ETF SWP allows an existing Unitholder of any Claymore ETF to
withdraw a fixed amount of money from that specific Claymore ETF on a monthly,
quarterly or annual basis. Unitholders may use the SWP to potentially
supplement the income they are receiving from other sources without incurring
additional trading commissions.
The Auto DRIP, PACC Plan and SWP will be available on the entire family
Claymore ETFs listed on The Toronto Stock Exchange and on both Common Units
and Advisor Class Units:RAFI Fundamental Indexes
------------------------
CRQ Claymore Canadian Fundamental Index ETF
CLU Claymore US Fundamental Index ETF (C$ hedged)
CIE Claymore International Fundamental Index ETF
CJP Claymore Japan Fundamental Index ETF (C$ Hedged)
Monthly Income and Growth
-------------------------
CDZ Claymore CDN Dividend & Income Achievers ETF
CYH Claymore Global Monthly Advantaged Dividend ETF
FIE Claymore Canadian Financial Monthly Income ETF
International Growth
--------------------
CBQ Claymore BRIC ETF
Sector / Strategy
-----------------
CIF Claymore Global Infrastructure ETF
COW Claymore Global Agriculture ETF
CWW Claymore S&P Global Water ETF
CMW Claymore S&P/TSX Global Mining ETF
CLO Claymore Oil Sands Sector ETF
CEW Claymore Equal Weight Banc & Lifeco ETF
CGR Claymore Global Real Estate ETF
Income/Fixed Income
-------------------
CLF Claymore 1-5 Yr Laddered Government Bond ETF
CPD Claymore S&P/TSX CDN Preferred Share ETF
CMR Claymore Premium Money Market ETF
Claymore CorePortfolios(TM)- ETF Wrap Program
---------------------------------------------
CBD Claymore Balanced Income CorePortfolio(TM) ETF
CBN Claymore Balanced Growth CorePortfolio(TM) ETF
Commodity
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GAS Claymore Natural Gas Commodity ETFAbout Claymore Investments
Claymore Investments, Inc. is a leader in bringing intelligent, low cost
exchange traded funds in Canada through its family of 21 domestic and
international index-based and actively managed exchange-traded funds listed on
the Toronto Stock Exchange. Claymore Investments, Inc. is a wholly-owned
subsidiary of Claymore Group, Inc., a financial services and asset management
company based in the Chicago, Illinois area. Claymore Group entities provide
supervision, management, servicing or distribution on approximately US$10.4
billion in assets as of December 31, 2008.
There is no assurance the Fund will achieve its investment objective.
Past performance does not guarantee future results. Index returns do not
represent Fund returns. 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.
%SEDAR: 00023197E
For further information: investors should consult with their investment
advisor or visit our website at www.claymoreinvestments.ca; For media
inquiries, please contact: Sara Beazely, (416) 813-2007,
sbeazely@claymoreinvestments.ca, or Som Seif, President, Claymore Investments,
Inc., (866) 417-4640, info@claymoreinvestments.ca, www.claymoreinvestments.ca
