Claymore Investments, Inc. Announces Final Annual Capital Gains Distributions for the Claymore Exchange-Traded Funds for 2010
December 17 2010 - 5:41PM
PR Newswire (Canada)
TORONTO, Dec. 17 /CNW/ -- TORONTO, Dec. 17 /CNW/ - Claymore
Investments, Inc. announces today the 2010 annual capital gains
distributions for the Claymore Exchange-Traded Funds ("ETFs"). The
annual capital gains distributions will not be paid in cash but
will be reinvested and reported as taxable distributions and will
be used to increase the investor's adjusted cost base for the
respective fund, with no change in numbers of units outstanding.
The record date for the final distributions is December 30, 2010.
The ex-dividend date for all ETFs is December 24, 2010 except for
the Claymore Premium Money Market ETF (TSX:CMR/CMR.A), which will
have an ex-dividend date of December 30, 2010. The distributions
will be paid/reinvested on December 31, 2010. The 2010
distributions tax characteristics will be reported in early 2011.
___________________________________________________________________
| |Trading|Annual capital| Net Asset | Year end Cap | | |Symbol |
gain per ETF |Value per ETF |Gains per ETF | | | |unit as at
Dec|unit as at Dec|unit as a % of| | | | 15, 2010 | 15, 2010 |NAV
as at Dec | |Fund Name | | | | 15, 2010 |
|______________|_______|______________|______________|______________|
|Claymore |CRQ | $0.2081| $12.2332| 1.70%| |Canadian
|_______|______________|______________|______________| |Fundamental
| | $0.1998| $12.2079| 1.64%| |Index ETF |CRQ.A | | | |
|______________|_______|______________|______________|______________|
|Claymore US |CLU | $1.1622| $16.8906| 6.88%| |Fundamental
|_______|______________|______________|______________| |Index ETF -
C$| | $1.1415| $16.8062| 6.79%| |Hedged |CLU.A | | | |
|______________|_______|______________|______________|______________|
|Claymore US |CLU.C | $0.8281| $14.1329| 5.86%| |Fundamental
|_______|______________|______________|______________| |Index ETF -
| | $0.8269| $14.1111| 5.86%| |non hedged |CLU.B | | | |
|______________|_______|______________|______________|______________|
|Claymore |CDZ | $0.0993| $20.6566| 0.48%| |S&P/TSX
|_______|______________|______________|______________| |Canadian |
| $0.1111| $20.6139| 0.54%| |Dividend ETF |CDZ.A | | | |
|______________|_______|______________|______________|______________|
|Claymore Broad|CWO | $0.7523| $33.9308| 2.22%| |Emerging
|_______|______________|______________|______________| |Markets ETF
|CWO.A | $0.7466| $33.6749| 2.22%|
|______________|_______|______________|______________|______________|
|Claymore |CPD | $0.0261| $16.9425| 0.15%| |S&P/TSX CDN
|_______|______________|______________|______________| |Preferred |
| $0.0332| $16.9341| 0.20%| |Share ETF |CPD.A | | | |
|______________|_______|______________|______________|______________|
|Claymore |CAB | $0.0690| $20.0066| 0.34%| |Advantaged
|_______|______________|______________|______________| |Canadian
Bond | | $0.0774| $19.9960| 0.39%| |ETF |CAB.A | | | |
|______________|_______|______________|______________|______________|
|Claymore |CIF | $0.2924| $17.9604| 1.63%| |Global
|_______|______________|______________|______________|
|Infrastructure| | $0.2937| $17.9008| 1.64%| |ETF |CIF.A | | | |
|______________|_______|______________|______________|______________|
The following funds will not incur capital gains for the year:
_____________________________________________________________________
| Fund Name |Trading Symbol| Estimated annual capital| | | | gain
per fund unit|
|__________________________|______________|___________________________|
|Claymore International |CIE | $0.00| |Fundamental Index ETF
|______________|___________________________| | |CIE.A | $0.00|
|__________________________|______________|___________________________|
|Claymore Japan Fundamental|CJP | $0.00| |Index ETF C$ hedged
|______________|___________________________| | |CJP.A | $0.00|
|__________________________|______________|___________________________|
|Claymore Global Real |CGR | $0.00| |Estate ETF
|______________|___________________________| | |CGR.A | $0.00|
|__________________________|______________|___________________________|
|Claymore Oil Sands Sector |CLO | $0.00| |ETF
|______________|___________________________| | |CLO.A | $0.00|
|__________________________|______________|___________________________|
|Claymore S&P/TSX Global |CMW | $0.00| |Mining ETF
|______________|___________________________| | |CMW.A | $0.00|
|__________________________|______________|___________________________|
|Claymore Equal Weight Banc|CEW | $0.00| |& Lifeco ETF
|______________|___________________________| | |CEW.A | $0.00|
|__________________________|______________|___________________________|
|Claymore Global |COW | $0.00| |Agriculture ETF
|______________|___________________________| | |COW.A | $0.00|
|__________________________|______________|___________________________|
|Claymore S&P Global Water |CWW | $0.00| |ETF
|______________|___________________________| | |CWW.A | $0.00|
|__________________________|______________|___________________________|
|Claymore BRIC ETF |CBQ | $0.00| |
|______________|___________________________| | |CBQ.A | $0.00|
|__________________________|______________|___________________________|
|Claymore China ETF |CHI | $0.00| |
|______________|___________________________| | |CHI.A | $0.00|
|__________________________|______________|___________________________|
|Claymore Global Monthly |CYH | $0.00| |Advantaged Dividend ETF
|______________|___________________________| | |CYH.A | $0.00|
|__________________________|______________|___________________________|
|Claymore Canadian |FIE | $0.00| |Financial Monthly Income
|______________|___________________________| |ETF |FIE.A | $0.00|
|__________________________|______________|___________________________|
|Claymore 1-5 Yr Laddered |CLF | $0.00| |Government Bond ETF
|______________|___________________________| | |CLF.A | $0.00|
|__________________________|______________|___________________________|
|Claymore 1-5 Yr Laddered |CBO | $0.00| |Corporate Bond ETF
|______________|___________________________| | |CBO.A | $0.00|
|__________________________|______________|___________________________|
|Claymore Advantaged High |CHB | $0.00| |Yield Bond ETF
|______________|___________________________| | |CHB.A | $0.00|
|__________________________|______________|___________________________|
|Claymore 10 Yr Inverse |CIB | $0.00| |Government Bond ETF | | |
|__________________________|______________|___________________________|
|Claymore Premium Money |CMR | $0.00| |Market ETF
|______________|___________________________| | |CMR.A | $0.00|
|__________________________|______________|___________________________|
|Claymore Balanced Income |CBD | $0.00| |CorePortfolio(TM) ETF
|______________|___________________________| | |CBD.A | $0.00|
|__________________________|______________|___________________________|
|Claymore Balanced Growth |CBN | $0.00| |CorePortfolio(TM) ETF
|______________|___________________________| | |CBN.A | $0.00|
|__________________________|______________|___________________________|
| Claymore Gold Bullion |CGL | $0.00| |ETF | | |
|__________________________|______________|___________________________|
|Claymore Broad Commodity |CBR | $0.00| |ETF
|______________|___________________________| | |CBR.A | $0.00|
|__________________________|______________|___________________________|
| Claymore Natural Gas |GAS | $0.00| |Commodity ETF | | |
|__________________________|______________|___________________________|
Commentary on the capital gains distributions Claymore manages the
holdings of the Claymore ETFs in a way that minimizes the amount of
capital gains incurred by the funds. "Only eight of our twenty nine
Claymore ETFs have capital gains for 2010 which is a great
testament to the tax efficiency of the ETF structure" said Som
Seif, President and CEO of Claymore Investments, Inc. "This
fact highlights another significant advantage that ETFs offer over
traditional products in addition to their low costs. Canadian
investors seek to maximize their real after tax returns and
minimizing taxes can considerably improve the performance of
investors' portfolios." CRQ/CRQ.A The capital gains of the Claymore
Canadian Fundamental Index ETF (TSX:CRQ/CRQ.A) are the result of
the annual index rebalance in March 2010 and were primarily due to
the large gain from Teck Resources Ltd (TCK.B), which was
rebalanced to lower weighting after its strong performance in the
previous year which positively contributed to the performance of
the fund. CLU/CLU.A (C$ hedged) and CLU.C/CLU.B (non-hedged) The
capital gains of the Claymore US Fundamental Index ETF
(TSX:CLU/CLU.A and CLU.C/CLU.B) are the result of the portfolio
rebalancing trades that took place throughout the year. In
addition, the hedged units (TSX:CLU/CLU.A) have higher estimated
distributions due to gains realized through the currency hedging
strategy employed by the fund that is designed to reduce the
currency risk from USD/CAD exchange rate fluctuations for Canadian
based investors. CDZ/CDZ.A The capital gains of the Claymore
S&P/TSX Canadian Dividend ETF (TSX:CDZ/CDZ.A) are the result of
index rebalancing during the year along with the fund's continued
strong performance. CWO/CWO.A The capital gains of the Claymore
Broad Emerging Markets ETF (TSX:CWO/CWO.A) are entirely result of
the gains realized through the currency hedging strategy employed
by the fund that is designed to reduce the currency risk from
USD/CAD exchange rate fluctuations for Canadian based investors.
CPD/CPD.A The capital gains of the Claymore S&P/TSX CDN
Preferred Share ETF (TSX:CPD/CPD.A) are due to the portfolio
rebalancing trades that occurred in July as a result of changes by
S&P in the index methodology to better reflect current
conditions in the Canadian preferred share market. CIF/CIF.A The
capital gains of the Claymore Global Infrastructure ETF
(TSX:CIF/CIF.A) are due to the portfolio rebalancing trades that
occurred on November 30, 2010. CAB/CAB.A The capital gains of the
Claymore Advantaged Canadian Bond ETF (TSX:CAB/CAB.A) are the
result of sale of securities from the portfolio of common shares of
Canadian public companies which the ETFs invest in as part of its
strategy to provide tax advantaged distributions to their
unitholders. About Claymore Investments Claymore Investments, Inc.
("Claymore") is a Canadian leader in bringing intelligent, low cost
exchange-traded funds in Canada through its family of 29 ETFs and 2
closed-end funds across broad asset classes including core equity,
global sectors, fixed income and commodities with approximately
$5.4 billion in assets under management as of November 30,
2010. Claymore Investments, Inc. 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 an
indirect subsidiary of Guggenheim Partners, LLC, ("Guggenheim") a
global, diversified financial services firm with more than $100
billion in assets under supervision. Guggenheim, through its
affiliates, provides investment management, investment advisory,
insurance, investment banking, and capital markets services. The
firm is headquartered in Chicago and New York with a global network
of offices throughout the United States, Europe, and Asia. For
further information about any of the Claymore ETFs or Claymore
Investments, Inc., please visit our website at
www.claymoreinvestments.ca 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 more information investors
should consult with their investment advisor or visit our website
at www.claymoreinvestments.ca. To view this news release in HTML
formatting, please use the following URL:
http://www.newswire.ca/en/releases/archive/December2010/17/c6452.html
pFor media inquiries, please contact:/p p align="justify"Dan
Rubinbr/ Vice-President, Marketingbr/ (416) 813-2018br/ a
href="mailto:drubin@claymore.com"drubin@claymoreinvestments.ca/a/p
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