This item is part of Stockwatch's value added news feed and is only available to Stockwatch subscribers.Here is a sample of this item:Claymore Global, Adjustable Rate MBS close merger 2009-07-03 08:45 ET - News Release
Mr. Som Seif reports CLAYMORE ANNOUNCES EXCHANGE RATIO FOR MERGER OF ADJUSTABLE RATE MBS TRUST WITH CLAYMORE GLOBAL MONTHLY ADVANTAGED DIVIDEND ETF Claymore Investments, Inc., the
manager of Adjustable Rate MBS Trust (ADJ) and Claymore Global
Monthly Advantaged Dividend ETF, has successfully completed the
merger of ADJ with CYH as approved by unitholders of ADJ on
June 5, 2009.
Pursuant to the terms of the merger, unitholders of ADJ will receive
1.5988 adviser class units of CYH for each unit of ADJ held by them. The exchange ratio was determined by reference to the relative
net asset values of the units of ADJ and CYH on July 2, 2009. The units of ADJ
were delisted from the Toronto Stock Exchange effective on the close
of business on July 2, 2009. The adviser class units of CYH issuable pursuant
to the merger will be listed for trading on the TSX effective July 3, 2009.
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