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BBO

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Big Bank Big Oil Split Corp

CAPITAL SHARES

DAILY DATA as of 9/7/10
Closing Share Price	$11.01
Daily Volume	2,715
Current Distribution Rate	8.72%
Monthly Distribution Per Share¹	$0.08000
Ex-Distribution Date	08/29/2010
Payable Date	09/15/2010
52-Week High/Low Share Price²	$12.95/$10.20
52-Week High/Low NAV²	$13.63/$10.95
Intraday Trading Information	BBO

WEEKLY DATA as of 9/2/10
Closing Share Price	$10.91
Closing NAV	$11.80
Premium/(Discount)	(7.54%)
Closing Volume	4,444
Shares Outstanding	1,612,027
Total Managed Assets	$35,142,189
52-Week Average Premium/(Discount)	(5.72%)
Distribution Rate	8.80%

ANNUAL DATA as of 12/31/09
Inception Date	June 16, 2006
Termination Date	December 30, 2016
Fiscal Year-End	12/31
Expense Ratio³	1.75%
Portfolio Turnover Rate	53.31%
Manager	Claymore Investments, Inc.

Capital Shares - Inception Information
TSX Symbol	BBO
CUSIP	088894100
Inception Share Price	$15.00
Inception NAV	$13.54
Target Distribution	4.0%
Distribution Frequency	Monthly
RSP Eligibility	Yes

Preferred Shares

DAILY DATA as of 9/7/10
Closing Share Price	$10.35
Daily Volume	2,200
Current Distribution Rate	5.07%
Quarterly Distribution Per Share⁴	$0.13125
Ex-Distribution Date	06/28/2010
Payable Date	07/15/2010
52-Week High/Low Share Price²	$10.99/$10.16
52-Week High/Low NAV²	$10.00/$10.00
Intraday Trading Information	BBO

WEEKLY DATA as of 9/2/10
Closing Share Price	$10.32
Closing NAV	$10.00
Premium/(Discount)	3.20%
Closing Volume	0
Shares Outstanding	1,612,027
Total Managed Assets	$16,120,270
52-Week Average Premium/(Discount)	4.13%
Distribution Rate	5.09%

1 Distribution per unit is subject to change on the ex-distribution date. Distributions, if any, will be paid on a monthly basis.

2 Figures are based on market close.

3 Excluding offering expenses: management expense ratio is based on total expense for the stated period and is expressed as an annualized percentage of daily average net assets during the period.

4 Distribution per unit is subject to change on the ex-distribution date. Distributions, if any, will be paid on a quarterly basis.

Preferred Shares - Inception Information
TSX Symbol	BBO.PR.A
CUSIP	088894209
Inception Share Price	$10.00
Inception NAV	$10.00
Target Distribution	5.25%
Distribution Frequency	Quarterly
RSP Eligibility	Yes

Investment Objective

The Company has been created to provide investors with a diversified investment in big Canadian banks and oil and gas companies utilizing a split share structure on a low cost basis. The Fund is invested equally in the largest (by market capitalization) issuers in two of Canada’s strongest industry sectors: the Big Banks and the Big Oils. The securities of the issuers within each sector will generally be equally-weighted.

Capital Shares: To provide holders with regular monthly distributions targeted to yield 4.0% per annum on the issue price and the opportunity for growth in net asset value (“NAV”).
Preferred Shares: To provide holders with fixed cumulative preferential quarterly cash distributions to yield 5.25% per annum on the issue price and to return the original issue price to preferred shareholders at the time of redemption of such shares on December 31, 2016.

Fund Highlights
• Capital Shares
     o Leveraged exposure to Canada's Big 6 Banks and Big 10 integrated oil and gas companies
     o Attractive dividend rate of 4.0%, paid on a monthly basis
     o Potential incremental returns achieved from selectively writing covered calls
• Preferred Shares
     o Pfd-2 provisional rating from DBRS
     o Attractive dividend rate of 5.25%, paid on a quarterly basis
     o Short term of 5.5 years
• Portfolio of Big 6 Banks and Big 10 Oils
     o Combination of stability of dividends and growth of banks with long-term fundamentals of oil companies
     o Big 6 Banks: Strong economic fundamentals of Canadian banking sector, stable and growing dividend yields, diversified operations         and excellent balance sheets.
     o Big 10 Oils: Focused on largest, integrated oil & gas companies with exposure to strong upstream and downstream operations,         significant oil sands operations, extensive proven reserves and production growth and natural gas operations.

FREQUENTLY ASKED QUESTIONS

When does the Fund plan on paying distributions to Capital Shareholders?

The Company intends to pay monthly non-cumulative distributions to Capital Shareholders in an amount targeted to be $0.05 per Capital Share representing a yield on the issue price of 4.0% per annum. Such cash distributions will be paid on or before the 10th business day of the month following the capital share record date.

When does the Fund plan on paying distributions to Preferred Shareholders?

Holders of record of Preferred Shares on the last business day of March, June, September and December will be entitled to receive fixed cumulative preferential quarterly cash distributions of $0.13125 per Preferred Share representing a yield on the issue price of 5.25% per annum. Such cash distributions will be paid on or before the 10th business day of the month following the preferred share record date.

What does the "Ex-Dist" or "Ex-Distribution" date refer to?

Every month the Fund pays distributions and those investors who purchase the Fund before the ex-distribution date will receive the next distribution. Investors who purchase on or after the ex-distribution date will not receive the next distribution. The value of the distribution is subtracted from the Fund's net asset value (NAV) on the ex- distribution date each month. So when the NAV is reported with an "ex-dist" behind it, this means that the amount of the distribution has already been taken out of the NAV.

Describe the differences between closed-end and open-end funds?

An open-end fund may be purchased or sold at NAV, plus sales charge in some cases. An open-end fund will issue new shares when an investor wants to purchase shares in the fund and will sell assets to redeem shares when an investor wants to sell shares. When selling an open-end fund the price the seller receives is established at the close of the market when the NAV is calculated. Unlike the open-end fund, a closed-end fund has a limited number of shares outstanding and trades on an exchange at the market price based on supply and demand. An investor may purchase or sell shares at market price while the exchange is open. The shares may trade at a discount or premium to the NAV.

What types of securities will be held in the Big Bank Big Oil Split Corp.?

Big Bank Big Oil Split Corp. will invest on an equal-weighted basis in the largest (by market capitalization) issuers in two of Canada’s strongest industry sectors: (i) the big six banks, which have a history of strong earnings growth, increased dividend rates and capital appreciation; and (ii) the ten biggest Canadian oil and gas companies, which have diversified operations and assets, and have a history of growing production, reserves and market value.

Are there any reinvestment plans for the Shares?

The Fund does not offer any reinvestment plans for the Preferred Shares or the Capital Shares because the Fund is required to have an equal number of each share class outstanding at all times, and as a result, no reinvestment plan is possible. However, most brokerage firms offer reinvestment plans directly.

The Fund’s prospectus offers a more thorough discussion of the risks and considerations associated with an investment in the Fund. See BBO Risks and other considerations. Please read the prospectus carefully before you invest.

BBO FUND MANAGER

Claymore Advisors, LLC is the Investment Advisor of the Company and is responsible for investing the assets of the Company in accordance with the investment objectives, strategy, rebalancing criteria and restrictions described under “Investments of the Company”. The Investment Advisor is a member of the Claymore Group and is federally registered advisor in the United States managing approximately U.S.$15.3 billion in total assets as of June 30, 2010. The principal offices of the Investment Advisor are located at 2455 Corporate West Drive, Lisle, Illinois 60532.

INVESTMENT TEAM

Portfolio Management

BBO Manager
Claymore Investments, Inc.
200 University Avenue, 13th Floor

Toronto, Ontario , M5H 3C6

If you would like to view the Investment Manager's website, you may click on the link below. It is important to note that by clicking on the link, you will be leaving this website and any information viewed there is not the property of Claymore Investments, Inc.

www.claymoreinvestments.ca

RISKS AND OTHER CONSIDERATIONS

The following are certain considerations relating to an investment in Preferred Shares or Capital Shares which prospective investors should consider before purchasing such shares. The NAV per Unit varies as the value of the Portfolio Securities vary. The Company has no control over the factors that affect the value of the Portfolio Securities. Factors unique to each company included in the Portfolio, such as changes in their management, strategic direction, achievement of goals, mergers, acquisitions and divestitures, changes in distribution policies and other events, may affect the value of the common shares and other securities in the Portfolio. A substantial drop in the North American equities markets could have a negative effect on the Company and could lead to a significant decline in the value of the Portfolio and the value of the Preferred Shares and the Capital Shares. The Company will be invested at all times in up to six Big Banks and up to ten Big Oils. The Company’s holdings will be less diversified and the NAV per Unit may be more volatile than the value of a more broadly diversified portfolio and may fluctuate substantially over short periods of time. This may have a negative impact on the value of the Preferred Shares and the Capital Shares. There is no assurance that the Company will be able to achieve its distribution objective or will return to investors an amount equal to or in excess of the original issue price of the Preferred Shares or the Capital Shares. There is no assurance that the Company will be able to pay quarterly distributions on the Preferred Shares or monthly distributions on the Capital Shares. Fifty percent of the Company’s assets will initially be invested in Big Oils. The value of the Capital Shares and Preferred Shares will vary according to the performance and value of such Portfolio Securities. The following risk factors are associated with investments in oil companies and trusts: volatility of oil prices, value of the oil companies and trusts, reserve estimates and fluctuations in dividends and other distributions. An investment in the Fund includes, but is not limited to, other risks and considerations such as: Sensitivity to Interest Rates; Greater Volatility of the Capital Shares; Changes in Credit Rating; Reliance on the Investment Advisor; Use of Options and Other Derivative Instruments; Sensitivity to Volatility Levels; Operating History; Treatment of Proceeds of Disposition and Option Premiums; Significant Redemptions; Foreign Currency Exposure; and Securities Lending.

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