Claymore Advisors, LLC, is pleased to announce that today the following Claymore Exchange-Traded Funds (�ETFs�) have declared monthly distributions. The table below summarizes the distribution schedule for each Fund declaring a distribution. Ticker � Fund Name � Ex-Date � Record Date � Pay-Date � Total Rate Per Share UBD � Claymore U.S. Capital Markets Bond ETF � 07/25/08 � 7/29/2008 � 7/31/2008 � 0.086 ULQ � Claymore U.S. Capital Markets Micro-Term Fixed Income ETF � 07/25/08 � 7/29/2008 � 7/31/2008 � 0.077 LVL � Claymore /BBD High Income Index ETF � 07/25/08 � 7/29/2008 � 7/31/2008 � 0.135 To the extent any portion of the distribution is estimated to be sourced from something other than income, such as return of capital, the source would be disclosed on a Section 19(a)-1 letter located on the Fund�s website under the �Literature� tab. A distribution rate that is largely comprised of sources other than income may not be reflective of the Fund�s performance. Claymore Advisors, LLC is an affiliate of Claymore Securities, Inc. 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 $18.3 billion in assets, as of March 31, 2008. Claymore currently offers closed-end funds, unit investment trusts and exchange-traded funds. Additional information on Claymore�s exchange-traded funds is available by calling 888.WHY.ETFS (888.949.3837) or visiting www.claymore.com/ETFs. Registered investment products are sold by prospectus only and investors should read the prospectus carefully before investing. There can be no assurance that the Funds will achieve their investment objectives. An investment in the various Claymore ETFs is subject to certain risks and other considerations. Some general risks and considerations associated with investing in an ETF may include: Investment Risk, Equity Risk, Foreign Investment Risk, Income Risk, Non-Correlation Risk, Small Company Risk, Emerging Markets Risk, Industry/Sector Risk, Replication Management Risk, Issuer-Specific Changes, Non-Diversified Fund Risk. Please refer to the individual ETF prospectus for a more detailed discussion of the Fund-specific risks and considerations. 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. Past performance is not indicative of future performance. Investors should consider the investment objectives and policies, risk considerations, charges and ongoing expenses of the ETFs carefully before they invest. The prospectus contains this and other information relevant to an investment in the ETFs. Please read the prospectus carefully before you invest or send money. For this and more information, please contact a securities representative or Claymore Securities, Inc., 2455 Corporate Drive West, Lisle, IL 60532, 800-345-7999. Member FINRA/SIPC (07/2008) NOT FDIC-INSURED | NOT BANK-GUARANTEED | MAY LOSE VALUE
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