OLA Declares Quarterly Dividend
March 01 2006 - 9:27AM
Business Wire
The Old Mutual/Claymore Long-Short Fund (NYSE:OLA) today declared
its quarterly dividend of $0.40 per share, representing a
distribution rate of 8.89% based upon the closing market price of
$17.99 on February 28, 2006. Dividends will be paid on March 31,
2006 to shareholders of record as of March 15, 2006. The
ex-dividend date will be March 13, 2006. Claymore Advisors, LLC, an
affiliate of Claymore Securities, Inc., serves as the Fund's
Investment Adviser. Claymore Securities, Inc. is a privately-held
financial services company offering unique investment solutions for
financial advisors and their valued clients. Claymore entities have
provided supervision, management, servicing or distribution on
approximately $13 billion in assets through closed-end funds, unit
investment trusts, mutual funds, separately managed accounts and
exchange-traded funds. Additional information on Claymore's
closed-end funds is available at
www.claymore.com/products/CEFs.aspx. The Fund's investment
portfolio will be managed by Analytic Investors, Inc ("Analytic").
The firm was founded in 1970 and is a wholly-owned subsidiary of
Old Mutual (U.S.) Holdings Inc., a subsidiary of Old Mutual plc, a
multi-national financial services firm headquartered in London and
listed on the London Stock Exchange. With approximately $10 billion
in assets under management as of 12/31/2005, Analytic specializes
in the creation and continuous management of optioned-equity and
optioned-debt portfolios for mutual funds, foundations, insurance
companies, endowments, profit-sharing plans, funds-of-hedge-funds
and individual investors. Among other investments, Analytic
currently manages two open-end mutual funds that utilize long-short
equity strategies: the Analytic Defensive Equity Fund and the
Analytic Global Long-Short Fund. This information does not
represent an offer to sell securities of the Fund and it is not
soliciting an offer to buy securities of the Fund. There can be no
assurance that the Fund will achieve its investment objectives. The
net asset value of the Fund will fluctuate with the value of the
underlying securities. It is important to note that closed-end
funds trade on their market value, not net asset value, and
closed-end funds often trade at a discount to their net asset
value. Past performance is not indicative of future performance. An
investment in the Fund is subject to certain risks and other
considerations, including, but not limited to: Equity Risk; Short
Sale Risk; Options Risk, Management Risk; Tax Treatment of
Distributions; Derivatives Risk; Counterparty Risk; Credit Risk;
Income Risk; Medium- and Smaller-Company Risk; Focused Investment
Risk; Interest Rate Risk; Liquidity Risk; Market Disruption and
Geopolitical Risk; Other Investment Companies Risk; and
Inflation/Deflation Risk. Investors should consider the investment
objectives and policies, risk considerations, charges and expenses
of the Fund, and the prospectus should be read carefully before
they invest. For this and more information, please contact a
securities representative or Claymore Securities, Inc., 2455
Corporate West Drive, Lisle, Illinois 60532, 800-345-7999. The
Fund's common shares do not represent a deposit or obligation of,
and are not guaranteed or endorsed by, any bank or other insured
depository institution, and are not federally insured by the
Federal Deposit Insurance Corporation, the Federal Reserve Board or
any other government agency.
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