About Claymore Investments

Claymore 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 $7.0 billion in assets under management as of December 31, 2011. Claymore Investments, Inc. 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 $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.

INVESTMENT SOLUTIONS: ACCESS TO INNOVATION

CLAYMORE ETFs

Unlike ETFs that track traditional market cap based indices, Claymore ETFs tracks indices that seek to best capture the investment potential of the asset class and market they are invested in and are designed by what Claymore believes to be best-in-class index providers. Each product is designed with research partners and institutional asset managers to utilize what we believe is the best investment strategies for the specific asset class. Claymore ETFs cover the Canadian, US, and Global core equity markets, sector strategies, dividend and income based strategies and fixed income based strategies.

ETFs offer a variety of benefits for investors including intraday liquidity, flexibility and transparency of holdings. ETFs are portfolios of securities that trade like individual stocks on major stock exchanges. They are constructed to, before expenses, track the holdings and performance of a defined index of securities and enable investors to purchase a cost-efficient and varied portfolio of securities. Claymore ETFs can be purchased through most brokerage accounts and can be bought and sold throughout the day on the TSX, during normal trading hours.

CLOSED-END FUNDS

Claymore is a pioneer in closed-end funds, bringing to market a variety of unique strategies not previously available in a closed-end fund structure. Claymore’s closed-end funds are listed on the TSX and feature a range of investment strategies for income oriented investors.

INSTITUTIONAL FUNDS

Claymore provides both institutional funds and segregated management for qualified private individuals, charitable foundations, endowments and pension fund clients. Segregated management for institutions is available for portfolios with a market value of at least $25 million.

REGISTRATION:

Claymore Investments, Inc. is incorporated under the laws of Canada. Claymore is registered in the Canadian provinces as an portfolio manager, exempt market dealer and investment fund manager.

CUSTODIAN:

CIBC Mellon

LEGAL COUNSEL:

Osler, Hoskin & Harcourt LLP
Wildeboer Dellelce LLP

CORPORATE AUDITORS:

PricewaterhouseCoopers LLP

FUND AUDITORS:

Ernst & Young LLP