Merger Details:

Effective July 2, 2009, Adjustable Rate MBS Trust converted from a closed-end fund to an exchange traded fund (EFT). Unitholders of the trust received, at their option, either $19.48 cash or 1.5988 advisor class units of Claymore Global Monthly Advantaged Dividend ETF for each unit of Adjustable Rate MBS Trust previously held. Either option resulted in a taxable event. For unitholders who elected to accept the advisor class units of the ETF, the cost of the ETF units received in exchange was the fair market value of those units received at the time of the exchange.