HCE Declares Quarterly Dividend
2008年8月1日 - 10:12PM
ビジネスワイヤ(英語)
Fiduciary/Claymore Dynamic Equity Fund (NYSE:HCE), a diversified
closed-end management investment company, has declared its
quarterly dividend of $0.39 per share, reflecting a reduction of
$0.035 per share from the Fund�s most recent quarterly dividend.
This represents an annualized distribution rate of 10.23% based
upon the closing market price of $15.25 on July 31, 2008. The
Fund�s dividend was modified in an effort to provide a greater
balance between the Fund�s ability to generate a high level of
current income, including current gains, and capital appreciation.
The Fund�s management believes that maintaining and potentially
growing the Fund�s net asset value will benefit the Fund�s
shareholders over time. �Given the recent conditions in the equity
markets, we believe the current dividend level enhances the Fund�s
ability to provide shareholders with greater potential for
long-term capital appreciation while still providing an attractive
level of quarterly income. We believe this proactive decision
should be in the long-term shareholder�s best interest,� stated J.
Thomas Futrell, CFA, Chief Executive Officer of the Fund. Since the
Fund�s inception on April 29, 2005 through July 31, 2008 the Fund
generated an average annual total return, including reinvestment of
dividends, of 5.44% based on net asset value (�NAV�) and 0.13%
based on market price. This compares to a 10.47% total return of
the Fund�s benchmark, the S&P 500 Index over the same period.
The Fund�s one year total return, as of July 31, 2008 was -0.46%
based on NAV and �4.94% based on market price. The Fund�s
investment objective is to provide a high level of current income
and current gains and, to a lesser extent, capital appreciation.
The Fund seeks to achieve its investment objective by investing in
a diversified portfolio of equity securities and writing (selling)
call options on a substantial portion of its portfolio securities.
Dividends will be paid on August 29, 2008 to shareholders of record
as of August 15, 2008. The ex-dividend date will be August 13,
2008. If it is determined that a notification is required pursuant
to Section 19(a) of the Investment Company Act of 1940, as amended,
such notice will be posted to the Fund�s website after the close of
business three business days prior to the payable date. If a
distribution rate is largely comprised of sources other than
income, it may not be reflective of the Fund�s performance.
Claymore Advisors, LLC, an affiliate of Claymore Securities, Inc.,
serves as the Fund�s Investment Adviser. Claymore Securities, Inc.
is a privately-held financial services company offering unique
investment solutions for financial advisors and their valued
clients. Claymore entities have provided supervision, management,
servicing or distribution on approximately $18.4 billion in assets,
as of June 30, 2008, through closed-end funds, unit investment
trusts and exchange-traded funds. Registered investment products
are sold by prospectus only and investors should read the
prospectus carefully before investing. Additional information on
Claymore�s closed-end funds is available at www.claymore.com/CEFs.
Fiduciary Asset Management, LLC serves as the Fund's sub-adviser
and manages a wide range of institutional equity, hedged equity,
and fixed-income products. Fiduciary Asset Management currently
manages and supervises approximately $16.6 billion, as of June 30,
2008, in client assets. Additional information on the firm is
available at www.famco.com. 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. 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, Risks Associated with Options on Securities, Call
Option Writing Risks, Risks of Mid-Cap and Small-Cap Companies,
Income Risk, Foreign Securities Risk, Industry Concentration Risk,
Interest Rate Risk, Risks Related to Preferred Securities,
Derivatives Risk, Inflation Risk, Illiquid Securities Risk, Fund
Distribution Risk, Market Discount Risk, Portfolio Turnover Risk,
Tax Risk, Other Investment Companies Risk, Management Risk and
Current Development Risks. 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 (8/08) NOT FDIC-INSURED | NOT
BANK-GUARANTEED | MAY LOSE VALUE
F/C Dyn EQ (NYSE:HCE)
過去 株価チャート
から 8 2024 まで 9 2024
F/C Dyn EQ (NYSE:HCE)
過去 株価チャート
から 9 2023 まで 9 2024