Claymore Securities has announced the final proceeds payable as a result of the closure of the Claymore/Delta Global Shipping Index ETF.
The Fund was closed to new investments on April 27, 2010, and was subsequently liquidated as a result of not having reached a shareholder quorum of shares on the approval of a new investment advisory agreement, even though over 91% of the proxies cast were in favor of approving the new investment advisory agreement. The final net asset value of the fund is 15.7147 per share.
Claymore continues to believe there is significant interest in the marketplace for a shipping ETF and that investors are seeking investment exposure to the shipping industry. Accordingly, Claymore filed a registration statement for a successor product, Claymore Shipping ETF, which will track the same index and trade under the same ticker symbol. The exact timing of the launch of the successor ETF is not yet known.
