TORONTO, March 6, 2012 /PRNewswire/ – Claymore Investments, Inc. (“Claymore”), the manager of various exchange-traded funds and closed-end funds (collectively, the “Claymore Funds“), is pleased to announce that today, securityholders of the following
Claymore Funds approved the proposed acquisition of Claymore by
BlackRock, Inc. (the “Acquisition“):

As a result, securityholders of all of the Claymore Funds have approved
the Acquisition. Obtaining the approval of securityholders of the
Claymore Funds whose assets under management as of December 31, 2011
exceeded 80% of the aggregate assets under management of all Claymore
Funds as of December 31, 2011 is one of several conditions to
completing the Acquisition, which is expected to close in March 2012.

About Claymore

Claymore Investments, Inc. (“Claymore“) is a leader in bringing intelligent, low cost exchange-traded funds
to Canada through its family of exchange-traded and closed-end funds
across broad asset classes including core equity, global sectors, fixed
income and commodities. With approximately $7.4 billion in assets under
management as of January 31, 2012, Claymore is a subsidiary of
Guggenheim Funds Services Group, Inc., a financial services and asset
management company based in the Chicago, Illinois area and is an
indirect subsidiary of Guggenheim Partners, LLC, a global, diversified
financial services firm with more than $125 billion in assets under
supervision.

SOURCE Claymore Investments, Inc.