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Article: DCS Announces Intention to Conduct Tender Offer.
- Article from:
- Investment Weekly News
- Article date:
- October 3, 2009
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(NYSE: DCS) Claymore Dividend & Income Fund (the "Fund"), a non-diversified closed-end management investment company, announced, as part of its continuing efforts to increase shareholder value, its intention to conduct an in-kind tender offer to repurchase approximately 40%-45% of the Fund's outstanding common shares. Shareholders who participate in the proposed tender offer would receive a pro-rata distribution of portfolio securities of the Fund, subject to certain adjustments, upon tendering their common shares. Additional information regarding the terms of the tender offer will be set forth in the Offer to Repurchase which will be sent to all shareholders upon ...