OLA Declares Quarterly Dividend
September 06 2006 - 1:08PM
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 8.94% based upon the closing market price of
$17.90 on August 31, 2006. Dividends will be paid on September 29,
2006 to shareholders of record as of September 15, 2006. The
ex-dividend date will be September 13, 2006. If it is determined
that a notification is required pursuant to Section 19a-1 of the
Investment Company Act of 1940, such notice will be posted to the
Fund's website after the close of business three business days
prior to the payable date. 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 over $14
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/CEFs. Registered investment products
are sold by prospectus only and investors should read the
prospectus carefully before investing. The Fund's investment
portfolio is 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 over $11 billion in
assets under management as of 3/31/2006, 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 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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