Claymore/BBD High Income Index ETF Declares Monthly Distributions Through April 2008
28 Enero 2008 - 11:23AM
Business Wire
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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