TORONTO, May 14 /CNW/ - Claymore Investments, Inc. ("Claymore"), a
leading provider of intelligent Exchange-Traded Funds (ETFs) in Canada,
announced today a change to its Automatic Dividend Reinvestment Plan ("Auto
DRIP"). The Auto DRIP was established on January 28, 2009 along with two other
innovative enhancements to all Claymore ETFs, namely: (i) a Pre-Authorized
Cash Contribution Plan and (ii) a Systematic Withdrawal Plan. In an effort to
accommodate the requirements of a select number of CDS Participants, Claymore
will remove the "automatic" enrolment feature of the Auto DRIP such that
unitholders of the ETFs who wish to have their distributions reinvested will
be required to contact their investment advisor or brokerage firm directly.
This amendment is effective as at the date hereof, following which, this plan
will be simply referenced as a "DRIP" on a going-forward basis. No action is
required for those unitholders wishing to receive their distributions in the
form of a cash payment.
About Claymore Investments, Inc.
Claymore Investments, Inc., 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 U.S. $10 billion in assets through
various investment products including exchange-traded funds, closed-end funds
and open-end funds.
For further information about the ETFs or Claymore Investments, Inc.,
please contact your financial advisor or visit our website at
Commissions, trailing commissions, management fees and expenses all may
be associated with investment funds. Please read the Funds' publicly filed
documents which are available from SEDAR at www.sedar.com. Investment funds
are not guaranteed, their values change frequently and past performance may
not be repeated.
For further information:
For further information: Media Inquiries, please contact: Som Seif,
President and Chief Executive Officer, Claymore Investments, Inc., Toronto,
(866) 417-4640, email@example.com