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Claymore announces merger of ADJ and CYH

Jul 06, 2009 (Datamonitor via COMTEX) --

Company: Adjustable Rate MBS Trust (ADJ.UN)

Canada-based Claymore Investments, the manager of Adjustable Rate MBS Trust, or ADJ, and Claymore Global Monthly Advantaged Dividend ETF, or CYH, has announced the completion of the merger of ADJ with CYH as approved by unitholders of ADJ.

Pursuant to the terms of the merger, unitholders of ADJ will receive 1.5988 advisor class units of CYH for each unit of ADJ held by them.

ADJ's unitholders who chose not to participate in the merger are entitled to receive a cash payment of C$19.48 per ADJ's unit redeemed. 

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Company: Adjustable Rate MBS Trust (ADJ.UN)


Related terms: advisor, canada, dividend, merger

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