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Claymore Investments, Inc. Announces Estimated Annual Capital Gains Distributions for the Claymore Exchange-Traded Funds and Closed End Funds
Claymore Investments, Inc. Announces Estimated Annual Capital Gains Distributions for the Claymor...
About this update from Alphagen Intelligence Corp.
[{"type":"text","content":"\n\n\n\nDec. 3, 2009 (Canada NewsWire Group) -- TORONTO, Dec. 3 /CNW/ -- Claymore Investments, Inc. announces today the estimated 2009 annual capital gains distributions for the Claymore Exchange-Traded Funds and Closed End Funds. Please be advised that these distribution amounts are only estimates as of November 30, 2009 and may change before the fund's tax year ends on December 15, 2009. These estimated amounts are for the annual capital gains distributions and do not include estimates of the regular quarterly or monthly distributions.We anticipate announcing the actual annual distribution amounts along with the regular quarterly and monthly distributions on or about December 17, 2009. The record date for the distributions will be December 30, 2008 and the ex-dividend date will be December 24, 2009. The distributions will be payable on December 31, 2009.The actual taxable amounts of the cash distributions for 2009 and their tax characteristics will be available in early 2010 after the end of the funds' tax year.-------------------------------------------------------------------------Estimated annualTrading capital gainFund Name Symbol per fund unit-------------------------------------------------------------------------Claymore Gold Bullion Trust CGL.UN $0.026-------------------------------------------------------------------------Claymore Silver Bullion Trust SVR.UN $0.270-------------------------------------------------------------------------Claymore Broad Emerging Market ETF CWO $0.931-----------------------------CWO.A $0.853-------------------------------------------------------------------------Claymore US Fundamental Index ETF- C$ Hedged CLU $0.387-----------------------------CLU.A $0.351-------------------------------------------------------------------------The estimated capital gains distributions for the Claymore Gold Bullion Trust, Claymore Silver Bullion Trust, Claymore US Fundamental Index ETF - C$ Hedged and Claymore Broad Emerging Market ETF are entirely as a result of the currency hedging strategy employed. Throughout 2009 the US dollar has depreciated sharply against the Canadian dollar and the currency hedging strategy employed by each of the funds has added significant value to the total return of the funds.We currently estimate that the following funds will not incur capital gains for the year:------------...