Toronto-based Claymore Investments, Inc. said Tuesday that securityholders of 13 Claymore Funds have approved the proposed acquisition of Claymore by New York-based BlackRock, Inc. As a result, securityholders of all of the Claymore Funds have approved the acquisition.

Obtaining the approval of securityholders of the Claymore Funds whose assets under management as exceeded 80% of the aggregate assets under management of all Claymore Funds is one of several conditions to completing the acquisition, which is expected to close in March 2012.