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ORIGINAL LISTING
Claymore Natural Gas Commodity ETF (the “Claymore ETF”) - An application has been granted for the original listing in the Industrial category of 500,000 Common Units of the Claymore ETF, all of which will be issued and outstanding, upon the completion of an initial public offering.
Listing of the Common Units will become effective at 5:01 p.m. on Tuesday, February 5, 2008 in anticipation of the prospectus offering closing on Wednesday, February 6, 2008. The Common Units will be posted for trading at the opening on February 6, 2008.
The Claymore ETF is authorized to issue an unlimited number of redeemable, transferable Common Units each of which represents an undivided interest in the net assets of the Claymore ETF. Common Units of the Claymore ETF are being issued and sold on a continuous basis and there is no maximum number that may be issued.
The Claymore ETF is a trust established by Claymore Investments, Inc. (“Claymore” or the “Manager”). The Claymore ETF has been designed to track the performance of the benchmark NGX Canadian Natural Gas Index (the “Index”) (or other similar index), less fees and expenses, and provide non-leveraged exposure to the Alberta natural gas market. To achieve this investment objective, the Claymore ETF will invest in physical forward contracts or derivative contracts to obtain exposure to the natural gas market.
The registration and transfer of Common Units will be effected through the book-entry only system administered by CDS Clearing and Depository Services Inc. (“CDS”). Unitholders of the Claymore ETF will not have the right to receive physical certificates evidencing their ownership of the Units.
Additional information on the Common Units may be found in the final prospectus of the Claymore ETF dated November 27, 2007, as amended by Amendment No. 1 dated December 11, 2007 (the “Prospectus”) which is available at www.SEDAR.com. Capitalized terms not otherwise defined below are as defined in the Prospectus.
Common Units
Stock Symbol: "GAS”
CUSIP: 18384H 10 0
Currency: CDN$
Designated Market Maker: FirstEnergy Capital Corp.
Other Markets: None
Head Office:
170 University Avenue
Suite 901
Toronto, Ontario
M5H 3B3
Email Address: info@claymoreinvestments.ca
Website Address: www.claymoreinvestments.ca
Head Office Telephone Number: (416) 813-2000
Toll Free Number: (866) 417-4640
Fax Number: (416) 813-2020
Investor Relations: Som Seif
Tel: (416) 813-2006
Email: sseif@claymoreinvestments.ca
Manager and Trustee: Claymore Investments, Inc.
Transfer Agent & Registrar: Computershare Trust Company of Canada, at its principal office in Toronto.
Chief Financial Officer & Director: Bruce Albelda
Secretary & Director: Nicholas Dalmaso
Fiscal Year End: December 31
Incorporation: The Claymore ETF was established under the laws of the Province of Alberta pursuant to a master declaration of trust dated November 27, 2007.
Nature of Business: The Claymore ETF has been designed to track the performance of the Index (or other similar index), less fees and expenses, and provide non-leveraged exposure to the Alberta natural gas market. To achieve this investment objective, the Claymore ETF will invest in physical forward contracts or derivative contracts to obtain exposure to the natural gas market
Common Class: The Claymore ETF will pay the Manager a monthly management fee based on one-twelfth of the net asset value (“NAV”) of the Claymore ETF at month end. The monthly management fee will be paid monthly in arrears. The annual management fee is 0.80% of NAV of the Claymore ETF.
Distributions: Cash distributions on Common Units of the Claymore ETF are expected to be made at least quarterly (if the Claymore ETF pays a regular distribution). On an annual basis, the Claymore ETF will ensure that the net income and net realized capital gains of the Claymore ETF have been distributed to Unitholders to such an extent that the Claymore ETF will not be liable for ordinary income tax thereon. To the extent that the Claymore ETF has not distributed the full amount of its net income or capital gains in any year, the difference between such amount and the amount actually distributed by the Claymore ETF will be paid as a “reinvested distribution.” Reinvested distributions, net of any required withholding tax, will be reinvested automatically in additional Common Units at a price equal to the NAV per Unit of the Claymore ETF and the Common Units will be immediately consolidated such that the number of outstanding Common Units following the distribution will equal the number of Common Units outstanding prior to the distribution.
Initial Issuance of Units: to the Prospectus, 500,000 Common Units of the Claymore ETF will be issued at a subscription price of $20.00 per Common Unit. Common Units of the Claymore ETF are being issued and sold on a continuous distribution basis.
