DCS Announces Appointment of Trustees
28 Luglio 2010 - 3:48PM
Business Wire
Claymore Dividend & Income Fund (the “Fund”)(NYSE: DCS)
announces the appointment of Randall C. Barnes and Robert B. Karn
III as Class I and III Trustees of the Fund, respectively. Randall
C. Barnes is filling the vacancy on the Board created by the recent
resignation of Richard L. Crandall.
Randall C. Barnes currently serves as a Trustee for 45
portfolios within the Claymore Fund Complex of U.S. registered
investment companies advised or serviced by Claymore Advisors, LLC
or Claymore Securities, Inc. (“Claymore Fund Complex”). Previously,
he served as Senior Vice President and Treasurer of PepsiCo, Inc
(1993-1997), President of Pizza Hut International (1991-1993) and
Senior Vice President of Strategic Planning and New Business
Development of PepsiCo, Inc. (1987-1990). Additionally, Mr. Barnes
serves on the Investment Review Committee or Advisory Board of two
Claymore Canadian closed-end funds and 28 Claymore Canadian
exchange-traded funds.
Robert B. Karn III currently serves as a Trustee for three
portfolios within the Claymore Fund Complex. Previously, he served
as a Managing Partner, Financial and Economic Consulting, in the
St. Louis office of Arthur Anderson, LLP. In addition to his
service to three portfolios within the Claymore Fund Complex, he
serves as a Director of Peabody Energy Company, GP Natural Resource
Partners LLC and Kennedy Capital Management, Inc.
Manning & Napier Advisors, Inc. serves as the Fund’s
Investment Sub-Adviser. Manning & Napier has been a registered
investment adviser since 1970. For more than 35 years, Manning
& Napier has focused on managing clients’ investments through a
variety of market conditions, including five bear markets. The firm
managed approximately $25 billion for individuals, corporations,
defined benefit pension plans, 401(k) choice plans, Taft-Hartley
accounts, endowments, foundations and municipal retirement plans as
of December 31, 2009. It remains an employee-owned firm, with 100%
of the firm owned by full-time employees.
Claymore Advisors, LLC (an affiliate of Claymore Securities,
Inc.) serves as Investment Adviser to the Fund. Claymore
Securities, Inc. offers strategic investment solutions for
financial advisors and their valued clients. As an innovator in
exchange-traded funds (ETFs), unit investment trusts (UITs) and
closed-end funds (CEFs), Claymore often leads its peers with
creative investment strategy solutions. In total, Claymore entities
provide supervision, management, or servicing on approximately
$15.3 billion in assets as of June 30, 2010. Claymore Securities,
Inc. is a wholly-owned subsidiary of Guggenheim Partners, LLC, a
global, diversified financial services firm with more than $100
billion in assets under supervision. Guggenheim, through its
affiliates, provides investment management, investment advisory,
insurance, investment banking, and capital markets services. The
firm is headquartered in Chicago and New York with a global network
of offices throughout the United States, Europe, and Asia. For more
information regarding the Funds, please visit
www.claymore.com/cef.
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, nor is it a solicitation of any proxy. 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, Equity Risk, Preferred Securities
Risk, Income Risk, Interest Rate Risk, Inflation Risk, Lower-Grade
Securities Risk, Foreign Securities Risk, Derivatives Risk,
Illiquid Securities Risk, Fund Distribution Risk, Market Discount
Risk, Industry Concentration Risk, Other Investment Companies Risk,
Non-Diversified Status Risk, Financial Leverage Risk, Management
Risk, Current Developments Risk, Anti-Takeover Provisions, and
Market Disruption 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 (7/10)
NOT FDIC-INSURED | NOT
BANK-GUARANTEED | MAY LOSE VALUE
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