Claymore Investments, Inc. has increased the number of its exchange-traded funds paying monthly distributions, the company announced on Monday.

Claymore has switched the distribution frequency of seven of its ETFs from quarterly to monthly.

“We are pleased to expand our lineup to 12 ETFs which pay regular monthly distributions,” said Som Seif, president and CEO of Claymore Investments, Inc. “As income has become ever more important to investors, paying monthly distributions will be a key advantage to our unitholders.”

The following Claymore ETFs will now be offering monthly distributions:

Equity ETFs

Now Paying Monthly Distributions:
Claymore Equal Weight Banc & Lifeco ETF (CEW:TSX)

Currently Paying Monthly Distributions:
Claymore S&P/TSX Canadian Dividend ETF (CDZ/CDZ.A :TSX)
Claymore Global Monthly Advantaged Dividend ETF (CYH/CYH.A :TSX)
Claymore Canadian Monthly Financial Income ETF (FIE/FIE.A :TSX)
Claymore Equal Weight Banc & Lifeco ETF (CEW.A :TSX)

Fixed Income ETFs

Now Paying Monthly Distributions:
Claymore 1-5 Yr Laddered Government Bond ETF (CLF/CLF.A :TSX)
Claymore 1-5 Yr Laddered Corporate Bond ETF (CBO/CBO.A :TSX)
Claymore Advantaged Canadian Bond ETF (CAB/CAB.A :TSX)
Claymore S&P/TSX CDN Preferred Share ETF (CPD/CPD.A :TSX)

Currently Paying Monthly Distributions:
Claymore Advantaged High Yield Bond ETF (CHB/CHB.A :TSX)
Claymore Premium Money Market ETF (CMR/CMR.A :TSX)

CorePortfolio ETFs

Now Paying Monthly Distributions:
Claymore Balanced Income CorePortfolio(TM) ETF (CBD/CBD.A :TSX)
Claymore Balanced Growth CorePortfolio(TM) ETF (CBN/CBN.A :TSX)

The change to the distribution schedule will commence for the July monthly distributions, with rates being announced in the June 21, 2010 quarterly distribution press release. There is no change to the funds’ investment objectives or strategies as a result of the increased frequency of distributions.

IE