Canadian Money Forum banner

1 - 6 of 6 Posts

·
Registered
Joined
·
382 Posts
Discussion Starter #1
Does anyone now when the first payment date will be for this ETF; can't seem to find it anywhere? Claymore states quarterly, but when does the first quarter end? 3 months after fund inception?

I've also been watching the ETF get hammered (at least for a 'bond' type ETF) and am wondering why and if it is lack of info that is causing it.

Thank you.
 

·
Registered
Joined
·
382 Posts
Discussion Starter #2
seems like claymore updated their site since yesterday:

CAB:

Ex-Date 12/24/09

Record Date 12/30/09

Payable Date 1/7/10

Distribution per Share $0.076000
 

·
Registered
Joined
·
382 Posts
Discussion Starter #3
called Claymore about CAB

Two interesting points from the man I spoke to:

1) The $0.076 dist is low because it is not for a full quarter, only the % of a quarter since the fund opened.

2) The MER is listed at .3%, but he told me another .4% is taken and given to TD so that the distributions are taxed differently. So really the total MER is 0.7 %. When I said that last sentence to him he agreed with my statement. This seems misleading to me as I could not find anywhere them mentioning the extra hidden .4% fee.
 
1 - 6 of 6 Posts
Top