CLAYMORE CANADIAN FUNDAMENTAL 100 MONTHLY INCOME ETF
CLAYMORE CANADIAN FUNDAMENTAL INDEX ETF
TORONTO, Aug. 23 /CNW/ - Claymore Canadian Fundamental 100 Monthly Income
ETF and Claymore Canadian Fundamental Index ETF (collectively, the "Funds")
announced that the Board of Directors of Claymore Investments, Inc.
("Claymore"), the manager of Funds, has approved a proposal that would result
in the merger of Claymore Canadian Fundamental 100 Monthly Income ETF ("RFI")
and Claymore Canadian Fundamental Index ETF ("CRQ") (the "Merger Proposal").
As both funds have similar underlying index exposure and are both managed
by Claymore, merging the Fund 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. If the Merger Proposal is approved and
implemented, CRQ will be the continuing fund and Unitholders of RFI will
become Unitholders of CRQ as a result of the merger.
A special meeting of Unitholders of RFI has been called and will be held
on September 24, 2007 to vote on the merger. Details of the merger will be set
out in a management information circular to be prepared and delivered to RFI
Unitholders. In order to become effective, the merger must be approved by a
two-thirds majority of the RFI Unitholders present in person or represented by
proxy at the special meeting. The merger is also subject to the receipt of all
necessary regulatory approvals. A meeting of CRQ unitholders is not required
to implement the merger.
About Claymore Investments
Claymore Investments, Inc. serves as Manager to the Funds. Claymore is a
wholly-owned subsidiary of Claymore Group, LLC, 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$17 billion in assets through various investment products
including closed-end funds, open-end funds and exchange-traded funds.
For further information about any of the Funds or Claymore Investments,
Inc., please contact your financial advisor or visit our website at
For further information:
For further information: Media Inquiries, please contact: Som Seif,
President, Claymore Investments, Inc., Toronto, (866) 417-4640,