Claymore Silver Bullion Trust closes offering of hedged units


TORONTO, Sept. 7, 2011 /CNW/ - Claymore Investments, Inc. is pleased to announce that Claymore Silver Bullion Trust (the "Fund") has completed its previously announced follow-on offering (the "Offering") of 1,477,580 U.S. dollar hedged units (the "Hedged Units") at an offering price of $25.80 per Hedged Unit for gross proceeds of $38,121,564 pursuant to a short form prospectus dated August 30, 2011 (the "Prospectus"). The Fund has also granted the agents an over-allotment option which is exercisable in whole or in part to purchase up to an additional 221,637 Hedged Units at any time during the next 30 days.

The Hedged Units issued pursuant to the Offering will commence trading today on the Toronto Stock Exchange (the "TSX") under the symbol "SVR.UN".

The net proceeds of the Offering have been substantially invested in 890,000 ounces of silver bullion at a weighted average price of US$40.81 per ounce.

The Fund completed its initial public offering of Hedged Units and warrants on July 15, 2009, and completed an offering of non-hedged units (the "Non-Hedged Units") on March 4, 2011. The Non-Hedged Units currently trade on the TSX under the symbol "SVR.C". Non-Hedged Units are not being offered under the Prospectus.

The Fund's investment objective is to replicate the performance of the price of silver bullion, less the Fund's expenses and fees. 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.

For more information investors should consult with their investment advisor or visit our website at

SOURCE Claymore Investments, Inc.

For further information:

For media inquiries, please contact:

Dan Rubin
Vice President, Marketing, Claymore Investments, Inc.
(416) 813-2018


Som Seif
President, Claymore Investments, Inc.
(866) 417-4640

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Claymore Investments, Inc.

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