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
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