Thursday, 27 November 2008

ForexGen | DCS Announces At-Par Redemption Notices


DCS Announces At-Par Redemption Notices for Auction Market Preferred Shares



Dreman/Claymore Dividend & Income Fund (the “Fund”), a non-diversified closed-end management investment company, today announced a partial at-par redemption of its outstanding Auction Market Preferred Shares (“AMPS”), liquidation preference $25,000 per share.

The Fund will redeem $10 million of its outstanding AMPS. The redemption price will be equal to the liquidation preference per share, plus accumulated but unpaid dividends as of the applicable redemption date (as noted in the table below). Following this redemption, the Fund will have $115 million of AMPS outstanding.

With respect to this partial redemption, The Depository Trust Company (DTC), the holder of record of the Fund’s AMPS, will determine how the partial series redemptions will be allocated among each participant broker-dealer account, which may include selecting AMPS to be redeemed by lot or such other method as DTC deems fair and equitable. Each participant broker-dealer, as nominee for underlying beneficial owners (street name shareholders), in turn will determine how redeemed shares are to be allocated among its underlying beneficial owners. The procedures used by various broker-dealers to allocate redeemed shares among beneficial owners may differ from each other as well as from the procedures used by DTC.

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 and/or distribution on approximately $13.8 billion in assets, as of September 30, 2008. Claymore currently offers 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.

Dreman Value Management, LLC, the Fund’s Investment Manager, was founded by David N. Dreman in 1997, and its predecessor firms date back to 1977. The firm had approximately $14.3 billion in assets under management as of August 31, 2008, primarily across institutional accounts, separate account wrap-fee programs, high-net-worth individuals and various investment companies. Independently owned, the firm is a value-oriented contrarian equity manager and places its primary emphasis on common stocks with growing dividends. David Dreman is widely known for his association with Forbes where he has penned a column entitled “The Contrarian” since 1980 and for publishing four books on low P/E contrarian value investing and behavioral finance.

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, Market Discount Risk, Interest Rate Risk, Credit Risk, Lower-Grade and Unrated Securities Risk, Leverage Risk, Issuer Risk, Country Risk, Prepayment Risk, Reinvestment Risk, Derivatives Risk, Inflation/Deflation Risk, Management Risk, Turnover Risk, Anti-Takeover Provisions, Smaller Company Risk, and Market Disruption, Geopolitical Risk and AMPS Risk.

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Thursday, 28 August 2008

ForexGen | Currency Trading



The Euro Dollar was adopted as a unit of exchange in January 1999. Those who advocated the currency believed it would make stronger Europe as an economic power, boost international trade, make simpler monetary dealings, and lead to pricing equal opportunity throughout Europe. They probably did not anticipate that the Euro would become as early as 2008 a preferred keep currency by many investors and central banks around the world.The Euro zone does not run a huge trade deficit nor is it a lot indebted to the rest of the world like the US and interest rates in the Euro zone are also significantly higher. The Euro-zone has a larger share of world trade than the US and is the Middle East’s main trading partner. The Euro is divided into 100 cents, sometimes referred to as Euro cents, especially when distinguishing them from other currencies or the former currency in a particular country.All circulating Euro coins including the remembrance coins have a common side showing the denomination, value, with the old 15 EU-countries in the background. The Euro positively simplifies the existing situation in Europe before the Euro of having to exchange currencies as you traveled about Europe.The Euro-Atlantic Partnership Council provides the overarching framework for consultations among its members on a broad range of political and security-related issues. The Euro has become a credible challenger to the US Dollar’s position as the world’s premier reserve currency. Euro land is roughly as big as the United States, and the Euro has shown itself to be a much better store of value than the dollar. The Euro was first adopted on 1 January 1999. Euro notes and coins came into circulation on 1 January 2002.The Europeans have decided to control price rises, which is a bigger evil than a short term recession. Anyone who has lived through double, triple digit inflation, like I would much prefer a strong online currency trading than a complete chaos and society destruction that inflation brings. The Euro zone is huge in population and huge in investment opportunities. Why should Euro companies hold USA dollars investments as USA investments decline in USA dollar value due to lower USA price to earnings ratio values.