OLA Declares Quarterly Dividend
March 03 2008 - 1:14PM
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 10.91% based upon the closing market price of
$14.66 on February 29, 2008. Since the Fund�s inception on August
25, 2005 through February 29, 2008 the Fund generated an average
annual total return, including reinvestment of dividends, of 1.24%
based on Net Asset Value (NAV) and -4.21% based on market price.
The Fund�s one year total return, as of February 29, 2008, was
-6.50% based on NAV and -15.72% based on market price. Dividends
will be paid on March 31, 2008 to shareholders of record as of
March 14, 2008. The ex-dividend date will be March 12, 2008. 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. Based in Lisle, Illinois, 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 and/or distribution on approximately $18.5 billion in
assets, as of December 31, 2007. Claymore currently offers
closed-end funds, unit investment trusts 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. With over $11.9 billion in assets under
management as of January 31, 2008, Analytic Investors provides
quantitatively-driven investment management services to�mutual
funds, corporations, public funds, foundations, endowments,�and
other institutional investors. 100% of Analytic�s business is
derived from asset management services. Since its founding in 1970,
the firm�s mission has been to fulfill clients� objectives through
rational, systematic identification of market opportunities, while
minimizing the impact of human emotions that often dominate
investment decision making. 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. Such risks and
considerations include, but are not limited to: Investment Risk,
Market Discount Risk, Interest Rate Risk, Credit Risk, Lower-Grade
and Unrated Securities Risk, Leverage Risk, Issuer Risk, Country
Risk, Prepayment Risk, Reinvestment Risk, Derivatives Risk,
Inflation/Deflation Risk, Management Risk, Turnover Risk,
Anti-Takeover Provisions, Smaller Company Risk, and Market
Disruption and Geopolitical 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. Member FINRA/SIPC (3/08) 451 NOT
FDIC-INSURED | NOT BANK-GUARANTEED | MAY LOSE VALUE
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