OLA Declares Quarterly Dividend
September 02 2008 - 10:43AM
Business Wire
Old Mutual/Claymore Long-Short Fund (NYSE: OLA), a closed-end
management investment company, has declared its quarterly dividend
of $0.40 per share, representing a distribution rate of 12.64%
based upon the closing market price of $12.66 on August 29, 2008.
Since the Fund�s inception on August 25, 2005 through August 31,
2008 the Fund generated an average annual total return, including
reinvestment of dividends, of -0.43% based on Net Asset Value (NAV)
and -6.30% based on market price. The Fund�s one year total return,
as of August 31, 2008, was -11.01% based on NAV and -18.46% based
on market price. The September 2008 dividend will be paid on
September 30, 2008 to shareholders of record as of September 15,
2008 with an ex-dividend date of September 11, 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. If a distribution rate is
largely comprised of sources other than income, it may not be
reflective of the Fund�s performance. 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 $18.4 billion in
assets, as of June 30, 2008. 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 $11.3 billion in assets under
management as of June 30, 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 (9/08) NOT
FDIC-INSURED | NOT BANK-GUARANTEED | MAY LOSE VALUE
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