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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