TORONTO, April 14 /CNW/ - Claymore Investments, Inc., a leading provider
of intelligent Exchange-Traded Funds (ETFs) in Canada, is pleased to announce
the Claymore Premium Money Market ETF (TSX: CMR/CMR.A) is moving to T+1
settlement full-time as of April 1, 2009.
Moving to T+1 settlement will allow investors the ability to buy and sell
the Claymore Premium Money Market ETF on terms aligned to buying and selling
other money market securities and money market mutual funds.
"We have worked hard with the Toronto Stock Exchange (TSX) to be able to
provide this feature. T+1 settlement makes CMR a stronger cash alternative
trading vehicle, and being able to be the first to provide this on any stock
on the TSX is a great accomplishment." said Som Seif, President and CEO,
Claymore Investments, Inc.
Investors will now have access to the cash proceeds of sales on a T+1
basis as opposed to a T+3 basis. All other Claymore ETFs will remain on a T+3
About Claymore Investments
Claymore Investments, Inc. is a leader in bringing intelligent, low cost
exchange traded funds in Canada through its family of 22 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.
For more information investors should consult with their investment
advisor or visit our website at www.claymoreinvestments.ca.
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.
For further information:
For further information: For media inquiries, please contact: Sara
Beazely, (416) 813-2007, firstname.lastname@example.org; or Som Seif,
President, Claymore Investments, Inc., (866) 417-4640,