{"id":746,"date":"2007-04-09T22:02:01","date_gmt":"2007-04-10T02:02:01","guid":{"rendered":"http:\/\/www.prefblog.com\/?p=746"},"modified":"2007-04-09T22:02:01","modified_gmt":"2007-04-10T02:02:01","slug":"claymore-preferred-etf-changes-name-to-commence-trading-410","status":"publish","type":"post","link":"https:\/\/prefblog.com\/?p=746","title":{"rendered":"Claymore Preferred ETF Changes Name, to Commence Trading 4\/10"},"content":{"rendered":"<p>Well, <a href=\"http:\/\/www.prefblog.com\/?p=468\">when it was announced<\/a> it was the \u201cClaymore S&#038;P CDN Preferred Share ETF\u201d. Now, however, Claymore <a href=\"http:\/\/www.newswire.ca\/en\/releases\/archive\/April2007\/09\/c3270.html\">has announced<\/a> that:<\/p>\n<blockquote>\n<p>The Claymore S&#038;P\/TSX CDN Preferred Share ETF is comprised of preferred share issues listed on the Toronto Stock Exchange that meet criteria relating to market capitalization, liquidity, and issuer rating.<br \/>\n\u00a0\u00a0\u00a0 &#8220;We are very pleased to be able to launch this new ETF based on the S&#038;P\/TSX Preferred Share Index, which will be the first ETF based on the Canadian Preferred share market&#8230;&#8221;<\/p>\n<\/blockquote>\n<p>I thought something might be up when <a href=\"http:\/\/www.prefblog.com\/?p=734\">the TSX announced a new index<\/a>!<\/p>\n<p>It should prove to be a lucrative market for Claymore and some advisors &#8230; Claymore gets a management fee of 45bp and advisor-class units will charge another 50bp on top of that. To be sure, Claymore will be paying fund expenses out of their take &#8211; but, as I read the prospectus anyway, Claymore will receive extra compensation to cover these expenses, up to a limit of the amount of securities lending revenue earned by the fund.<\/p>\n<p>The ticker for the fund is CPD.<\/p>\n<p>There is, as yet, no further information regarding this ETF on the <a href=\"http:\/\/www.claymoreinvestments.ca\/index.html\">Claymore website<\/a>.\n<\/p>\n<p><!--7697b1f799a3a085f18e33d7811f34d5--><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Well, when it was announced it was the \u201cClaymore S&#038;P CDN Preferred Share ETF\u201d. Now, however, Claymore has announced that: The Claymore S&#038;P\/TSX CDN Preferred Share ETF is comprised of preferred share issues listed on &hellip;<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[16],"tags":[],"class_list":["post-746","post","type-post","status-publish","format-standard","hentry","category-miscellaneous-news"],"_links":{"self":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/746","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=746"}],"version-history":[{"count":0,"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/746\/revisions"}],"wp:attachment":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=746"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=746"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=746"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}