The Claymore-advised exchange-traded funds listed below (the “ETFs”) are pleased to announce that the proposals applicable to each of the ETFs listed below received necessary shareholder approval at the reconvened Joint Special Meeting of Shareholders held on March 12, 2010. Specifically:
For Claymore U.S. Capital Markets Micro-Term Fixed Income ETF (“ ULQ”), shareholders approved a new investment advisory agreement between Claymore Exchange-Traded Fund Trust and Claymore, on behalf of ULQ, and a new investment sub-advisory agreement between Claymore and Mellon Capital Management Corporation (“Mellon Capital”), on behalf of ULQ.
Claymore Exchange-Traded Fund Trust, on behalf of ULQ, entered into a new investment advisory agreement with Claymore and Claymore, on behalf of ULQ, entered into a new investment sub-advisory agreement with Mellon Capital. Claymore Exchange-Traded Fund Trust 2, on behalf of FAA, entered into a new investment advisory agreement with Claymore. Each such agreement above became effective upon the date of shareholder approval. Claymore Securities, Inc. offers strategic investment solutions for financial advisors and their valued clients. As an innovator in exchange-traded funds (ETFs), unit investment trusts (UITs) and closed-end funds (CEFs), Claymore often leads its peers with creative investment strategy solutions. In total, Claymore entities provide supervision, management, or servicing on approximately $15.2 billion in assets as of December 31, 2009. Claymore Securities, Inc. is a wholly-owned subsidiary of Guggenheim Partners, LLC, a global, diversified financial services firm with more than $100 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.