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Claymore Advisors, LLC, is pleased to announce that the Claymore/BBD
High Income Index ETF (AMEX: LVL) has declared its monthly distribution
for January, February, March and April 2008 each in the amount of $0.135
per share.
The Fund’s distribution consists of qualified
dividend income; taxable income; dividends received from publicly traded
partnerships, such as master limited partnerships (“MLPs”);
and amounts representing the full distribution yield net of expenses on
the underlying investment securities as if the Fund owned the underlying
investment securities for the entire dividend period. As a result, a
portion of this distribution may be classified as return of capital.
The January 2008 distribution is payable on January 31, 2008 to holders
of record as of January 30, 2008. The ex-dividend date is January 28,
2008. The February 2008 distribution is payable on February 29, 2008 to
holders of record as of February 27, 2008. The ex-dividend date is
February 25, 2008. The March 2008 distribution is payable on March 31,
2008 to holders of record as of March 27, 2008. The ex-dividend date is
March 25, 2007. The April 2008 distribution is payable on April 30, 2008
to holders of record as of April 28, 2008. The ex-dividend date is April
24, 2007. To the extent the source of a distribution is from other than
investment income, a notification pursuant to Section 19(a) of the
Investment Company Act of 1940, as amended, will be posted to the Fund’s
website after the close of business three business days prior to that
distribution’s payable date. A distribution
rate that is largely comprised of sources other than income may not be
reflective of the Fund’s performance.
The Claymore/BBD High Income Index ETF seeks investment results that
correspond generally to the performance, before the Fund’s
fees and expenses, of an equity index called the Benchmarks By Design
High Income Index (“BBD High Income Index”).
The BBD Income Index is comprised of approximately 110 to 150 securities
selected, based on investment and other criteria, from a universe of
U.S. listed common stocks and American depositary receipts paying
dividends, real estate investment trusts (“REITs”),
master limited partnerships, closed-end funds and traditional preferred
stocks. The securities in the universe are selected using a proprietary
methodology developed by Benchmarks By Design
Claymore Advisors, LLC, the Fund’s investment
adviser, is an affiliate of Claymore Securities, Inc. Claymore
Securities, Inc. is a privately-held financial services company offering
unique investment solutions for financial advisors and their valued
clients. Claymore entities have provided supervision, management,
servicing and/or distribution on approximately $18.3 billion in assets,
as of November 30, 2007. Claymore currently offers closed-end funds,
unit investment trusts and exchange-traded funds. Additional information
on Claymore’s exchange-traded funds,
including total return information, is available by calling 888.WHY.ETFS
(888.949.3837) or visiting www.claymore.com/ETFs.
Registered investment products are sold by prospectus only and investors
should read the prospectus carefully before investing.
This information does not represent an offer to sell securities of
the Fund and it is not soliciting an offer to buy securities of the
Fund. Past performance is not indicative of future performance. There
can be no assurance that an ETF will achieve its investment objective.
The fund is subject to investment risk, which is the possible loss of
the entire principal amount you invest. In general, equity securities
will fall due to general market and economic conditions, perceptions
regarding the industries or specific companies in which the ETF invest.
Non-diversified ETFs invest a greater portion of assets in securities of
individual issuers than a diversified ETF and therefore, may cause
greater volatility. Investing in non-U.S. issuers, although limited to
ADRs, may involve unique risks, such as currency, political, economic
and market risk. ETFs are not are not “actively”
managed and would not necessarily sell a stock because the stock’s
issuer was in financial trouble unless that stock is removed from the
index. ETFs are subject to potential tracking errors and returns may not
match the returns of the indices. ETFs that focus on small or
medium-sized companies generally experience greater price volatility and
risk than investing in more established companies. Investing in
securities of real estate companies, Master Limited Partnerships (MLPs),
other investment companies, and preferred securities involve additional
risk than a fund that doesn’t invest in these
types of securities. The Fund is also subject to risk associated with
investing in closed-end funds, such as, credit risk, high yield risk,
convertible security risk, and prepayment risk.
The Fund intends to make a level dividend distribution each month to
its shareholders of the net investment income of the Fund after payment
of Fund operating expenses. The level dividend rate may be modified by
the Trust’s Board of Trustees from time to
time. If, for any monthly distribution, the Fund’s
investment company taxable income, if any (which term includes net
short-term capital gain) is less than the amount of the distribution,
the difference will generally be a tax-free “return
of capital” distributed from the Fund’s
assets. The ultimate tax characterization of the Fund’s
distributions in a calendar year may not finally be determined until
after the end of that calendar year. This distribution policy may, under
certain circumstances, have certain adverse consequences to the Fund and
its shareholders because it may result in a “return
of capital,” resulting in less of a
shareholder’s assets being invested in the
Fund and, over time, increase the Fund’s
expense ratio. The risks and other considerations are described in the
Fund’s prospectus. Please read the Fund’s
prospectus for more detailed information.
Investors should consider the investment objectives and policies,
risk considerations, charges and expenses of the Fund carefully before
investing. The prospectus contains this and other information relevant
to an investment in the Funds. Please read the prospectus carefully
before you invest or send money. For this and more information,
please contact a securities representative or Claymore Securities, Inc.,
2455 Corporate Drive West, Lisle, IL 60532, 800-345-7999.
Member FINRA/SIPC
01/2008
NOT FDIC-INSURED | NOT BANK-GUARANTEED |
MAY LOSE VALUE