Claymore Investments, Inc. today announced a revised exchange ratio used to determine the number of advisor class units of Claymore Canadian Fundamental Index ETF (CRQ) received by unitholders of Claymore Canadian Fundamental 100 Monthly Income Fund (RFI).

Upon the merger of the funds, the exchange ratio was 0.8467 based on the relative net asset value of each of CRQ and RFI on September 28.

After the close of the merger of CRQ and RFI, 0.8467 advisor class units of CRQ were issued to unitholders of RFI.

As at September 28, the net asset value per unit of each of the funds was: CRQ.A, $12.2126; RFI, $10.3406.

CRQ is the continuing fund and CRQ Advisor Class Units will continue to trade under the symbol CRQ.A. The units of RFI ceased to trade on October 1.