Claymore Advisors, LLC, is pleased to announce that the Claymore/BBD High Income Index ETF (AMEX: LVL) has declared its monthly distribution for August and September 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 dividend 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. This initial distribution is payable on August 31, 2007 to holders of record as of August 29, 2007. The ex-dividend date is August 27, 2007. The September distribution is payable on September 28, 2007 to holders of record as of September 26, 2007. The ex-dividend date is September 24, 2007. To the extent the source of a distribution is from other than investment income, a notification pursuant to Section 19a-1 of the Investment Company Act of 1940 will be posted to the Fund�s website after the close of business three business days prior to that distribution�s payable date. The Claymore/BBD High Income Index ETF seeks investment results that correspond generally to the performance, before the Fund�s fees and expenses, of the Benchmarks By Design High Income Index (�BBD High Income Index�). The BBD High Income Index is comprised of approximately 110 to 150 securities, which are selected by a proprietary methodology designed to identify U.S. listed common stocks and ADRs paying dividends, REITs, MLPs, CEFs and traditional preferred stocks with potentially high income and superior risk/return profile. Claymore Securities, Inc. is a privately-held financial services company offering unique investment solutions for financial advisers and their valued clients. Claymore entities have provided supervision, management, servicing or distribution on approximately $17 billion in assets, as of 5/31/2007, through closed-end funds, unit investment trusts, mutual funds, separately managed accounts, Claymore MACROshares and exchange-traded funds. Additional information on Claymore�s exchange-traded funds is available at www.claymore.com. Registered investment products are sold by prospectus only and investors should read the prospectus carefully before investing. Claymore Advisors, LLC, the investment adviser to the Fund, is an affiliate of Claymore Securities, Inc. 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. 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. A distribution rate that is comprised of sources other than Income may not be reflective of the Fund�s performance. The risk 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 NASD/SIPC 07/2007 NOT FDIC-INSURED - NOT BANK-GUARANTEED - MAY LOSE VALUE
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