Claymore Silver Fund Eyes Hedged Trust Units

TheClaymore Silver Bullion Trustis seeking to offer hedged trust units. The units fromClaymore Investmentswill provide exposure to physical silver bullion with the U.S. dollar currency exposure hedged back to the Canadian dollar. The fund will follow the performance of the price of silver bullion, less its expenses and fees.

The proceeds will be used to buy and hold additional physical silver bullion. The offering is being made through a syndicate of investment dealers, such asBMO Nesbitt Burns,National Bank FinancialandHSBC Securities (Canada).GMP Securities,Canaccord GenuityandTD Securitieswill co-lead the syndicate.

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