Claymore Indices: Another First

The Claymore CEF Index^SM (“Index”) is a 100% rules-based index that is designed to track the performance of a weighted basket of closed-end funds selected based on liquidity, income distribution and market valuation, among other factors. The Index follows a modified liquidity weighting methodology developed by Claymore Securities, Inc., and the reconstitution and rebalancing takes place every 367 days*. The distributions garnered from the underlying component funds are not reinvested into the Index components — the notional shares of the underlying funds will not be increased due to dividends or capital gains distribution. Distributions from each underlying fund are added to the Index value as of the close of business on the applicable ex-dividend dates, and the distributions accumulated are subtracted from the Index value quarterly.

How to Access Index

Index Profile as of 7/3/2008

*The Claymore CEF Index rebalanced on 3/17/08. View new constituents now.

Claymore CEF Index’s Value and Value Change in the above Index Profile table are the Index’s daily market “price” and “price change” as of the date noted. Figures are based on market close.