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Press release from CNW Group

Claymore Investments, Inc. Announces Estimated Annual Capital Gains Distributions for the Claymore Exchange-Traded Funds and Closed-End Fund for 2011

Tuesday, November 22, 2011

Claymore Investments, Inc. Announces Estimated Annual Capital Gains Distributions for the Claymore Exchange-Traded Funds and Closed-End Fund for 201119:37 EST Tuesday, November 22, 2011TORONTO, Nov. 22, 2011 /CNW/ - Claymore Investments, Inc. announces today the estimated 2011 annual capital gains distributions for the Claymore Exchange-Traded Funds and Closed-End Fund.  Please be advised that these distribution amounts are only estimates as of November 10, 2011 and include forward looking information that may cause the estimates to change before the Funds' tax year end on December 15, 2011. The final 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. These estimated amounts are for the annual capital gains distributions and do not include estimates of the regular quarterly or monthly cash distributions.We anticipate announcing the actual annual capital gains distribution amounts along with the regular quarterly and monthly cash distributions on or about December 19, 2011. The record date for the final distributions will be December 29, 2011 (unless otherwise stated). The ex-dividend date for all ETFs will be December 23, 2011 except for the Claymore Premium Money Market ETF (TSX:CMR/CMR.A), which will have an ex-dividend date of December 29, 2011. The distributions will be paid/reinvested on December 30, 2011.The actual taxable amounts of the 2011 distributions and their tax characteristics will be reported in early 2012.We currently estimate that the following funds will incur capital gains for the year:Fund NameTrading SymbolEstimated annual capital gain per ETF unit as at Nov 10, 2011Net Asset Value per ETF unit as at Nov 10, 2011Estimated Cap Gains as a % of NAV as at Nov 10, 2011Claymore S&P/TSX Canadian Dividend ETFCDZ0.844620.914.039%CDZ.A0.854620.864.098%Claymore Global Infrastructure ETFCIF0.130616.980.769%CIF.A0.130216.930.769%We currently estimate that the following funds will not incur any capital gains for the year:Fund NameTrading SymbolEstimated annual capital gain per fund unitClaymore Canadian Fundamental Index ETFCRQ$0.00CRQ.A$0.00Claymore US Fundamental Index ETF (C$ Hedged)CLU$0.00CLU.A$0.00Claymore US Fundamental Index ETF (Non-Hedged)CLU.B$0.00CLU.C$0.00Claymore International Fundamental Index ETFCIE$0.00CIE.A$0.00Fund NameTrading SymbolEstimated annual capital gain per fund unitClaymore Japan Fundamental Index ETF C$ hedgedCJP$0.00CJP.A$0.00Claymore S&P US Dividend Growers ETFCUD$0.00CUD.A$0.00Claymore Global Monthly Advantaged Dividend ETFCYH$0.00CYH.A$0.00Claymore Canadian Financial Monthly Income ETFFIE$0.00FIE.A$0.00Claymore Broad Emerging Markets ETFCWO$0.00CWO.A$0.00Claymore BRIC ETFCBQ$0.00CBQ.A$0.00Claymore China ETFCHI$0.00CHI.A$0.00Claymore Global Real Estate ETFCGR$0.00CGR.A$0.00Claymore Global Agriculture ETFCOW$0.00COW.A$0.00Claymore S&P/TSX Global Mining ETFCMW$0.00CMW.A$0.00Claymore S&P Global Water ETFCWW$0.00CWW.A$0.00Claymore Oil Sands Sector ETFCLO$0.00CLO.A$0.00Claymore Equal Weight Banc & Lifeco ETFCEW$0.00CEW.A$0.00Claymore Premium Money Market ETFCMR$0.00CMR.A$0.00Claymore Advantaged Canadian Bond ETFCAB$0.00CAB.A$0.00      Fund NameTrading SymbolEstimated annual capital gain per fund unitClaymore Advantaged High Yield Bond ETFCHB$0.00CHB.A$0.00Claymore Advantaged Short Duration High Income ETFCSD$0.00CSD.A$0.00Claymore Advantaged Short Duration High Income ETF (US$ Units)CSD.U$0.00CSD.V$0.00Claymore Advantaged Convertible Bond ETFCVD$0.00CVD.A$0.00Claymore 1-5 Yr Laddered Government Bond ETFCLF$0.00CLF.A$0.00Claymore 1-10 Yr Laddered Government Bond ETFCLG$0.00CLG.A$0.00Claymore 1-5 Yr Laddered Corporate Bond ETFCBO$0.00CBO.A$0.00Claymore 1-10 Yr Laddered Corporate Bond ETFCBH$0.00CBH.A$0.00Claymore S&P/TSX CDN Preferred Share ETFCPD$0.00CPD.A$0.00Claymore 10 Yr Inverse Government Bond ETFCIB$0.00Claymore Balanced Income CorePortfolioTM ETFCBD$0.00CBD.A$0.00Claymore Balanced Growth CorePortfolioTM ETFCBN$0.00CBN.A$0.00Claymore Broad Commodity ETFCBR$0.00CBR.A$0.00Claymore Gold Bullion ETF (C$ Hedged)CGL$0.00Claymore Gold Bullion ETF (Non-Hedged)CGL.C$0.00Claymore Silver Bullion Trust (C$ Hedged)SVR.UN$0.00Claymore Silver Bullion Trust (Non-Hedged)SVR.C$0.00Claymore Natural Gas Commodity ETFGAS$0.00Commentary on the estimated capital gains distributionsClaymore manages the holdings of the Claymore ETFs in a way that minimizes the amount of capital gains incurred by the funds. "Only two of our thirty four Claymore ETFs are estimated to have capital gains for the tax year 2011, 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 Claymore ETFs offer over traditional products in addition to their low costs."CDZ/CDZ.AThe estimated capital gains of the Claymore S&P/TSX Canadian Dividend ETF (TSX:CDZ/CDZ.A) are the result of the annual index rebalancing, the largest gain arising from sales of Keyera Corp (TSX:KEY). In the months leading up to the rebalance Keyera's stock price exhibited a strong uptrend, reducing the security's dividend yield, and leading it to be rebalanced to a lower weight in the portfolio in accordance with the ETF's index methodology. Since inception CDZ has provided very strong performance relative to both the broader equity markets as well as dividend focused investment funds as a result of its focus on companies that grow its dividends.CIF/CIF.AThe estimated capital gains of the Claymore Global Infrastructure ETF are the result of the index rebalancing during the year. Most notably the gain resulted from the sales of Chicago Bridge & Iron Company (NYSE:CBI) in February and May 2011.About Claymore InvestmentsClaymore Investments, Inc. ("Claymore") is a Canadian leader in bringing intelligent, low cost exchange-traded funds in Canada through its family of 34 ETFs and 2 closed-end funds across broad asset classes including core equity, global sectors, fixed income and commodities with approximately $6.8 billion in assets under management as of October 31, 2011.  Claymore 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 $125 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.caCommissions, trailing commissions, management fees and expenses all may be associated with investment fund investments. Please read the prospectus before investing. Investment 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  For further information: For media inquiries, please contact: Dan Rubin Vice-President, Marketing (416) 813-2018