Claymore announces the merger of Claymore Canadian Fundamental 100 Monthly Income ETF and Claymore Canadian Fundamental Index ETF



    TORONTO, Sept. 24 /CNW/ - Claymore Canadian Fundamental 100 Monthly
Income ETF ("RFI") and Claymore Canadian Fundamental Index ETF ("CRQ")
(collectively, the "Funds") announced that at a special meeting of unitholders
held today, the unitholders of RFI have approved the merger of RFI and CRQ
(the "Merger") and, in anticipation of the merger of RFI and CRQ, the sale by
RFI of portfolio securities that are not included in the portfolio of
securities held by CRQ. No unit capital gains distribution is expected to be
payable as a result of such sale as originally contemplated.
    As both Funds have similar underlying index exposure and are both managed
by Claymore Investments Inc. ("Claymore"), merging RFI and CRQ will provide
unitholders of both funds with the opportunity to continue their investment in
a single fund that will have a larger market capitalization, increased
liquidity for the units and a lower management expense ratio. Once the Merger
is implemented, CRQ will be the continuing fund and unitholders of RFI will
become unitholders of CRQ as a result of the Merger. In order to implement the
Merger, RFI will transfer all its net assets to CRQ for units of RFI at an
exchange ratio based on the relative net asset value of each of RFI and CRQ
and then all remaining units of RFI will be automatically redeemed and each
RFI unitholder will receive upon such redemption Advisor Class Units of CRQ
equal to the number of RFI units held multiplied by the exchange ratio. The
Merger is expected to be effective on October 1, 2007.

    About Claymore Investments

    Claymore Investments, Inc. serves as Manager to the Funds. Claymore 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 over 
US$17 billion in assets, as of August 31, 2007, through various investment
products including closed-end funds, open-end funds and exchange-traded funds.





For further information:

For further information: about any of the Funds or Claymore Investments,
Inc., please contact your financial advisor or visit our website at
www.claymoreinvestments.ca; Media Inquiries, please contact: Som Seif,
President, Claymore Investments, Inc., Toronto, (866) 417-4640,
info@claymoreinvestments.ca

Organization Profile

CANADIAN FUNDAMENTAL 100 INCOME FUND

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CANADIAN FUNDAMENTAL INDEX ETF

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