CLAYMORE'S CLOSED-END FUNDS: INNOVATIVE STRATEGIES

Claymore Securities is a pioneer in closed-end funds, bringing to market a variety of unique strategies not previously available in a closed-end fund structure. Claymore’s closed-end funds are listed on the New York Stock Exchange and feature a wide range of investment strategies for income-oriented investors. Strategies include covered calls, convertible securities, municipal bonds, preferred stocks and equity income portfolios among others.

CEF FUND SUMMARY
Fund Ticker Fund Name Inception Date Market
Price 		As Of Market
Price
CHANGE 		NAV As Of Premium/
Discount 		Current
Distribution
Rate1 		Average
30-Day
Volume 		Fact CARD
 
AGC  Advent/Claymore Global Convertible Securities & Income Fund 5/24/07  $8.83  7/29/10  0.91 % Up  $8.74  7/29/10  1.03 %  9.02 %  86,456 
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AVK  Advent Claymore Convertible Securities and Income Fund 4/29/03  $16.84  7/29/10  0.54 % Up  $18.21  7/29/10  -7.52 %  6.69 %  73,849 
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DCS  Claymore Dividend & Income Fund 1/27/04  $13.19  7/29/10  0.61 % Up  $15.61  7/29/10  -15.50 %  3.03 %  25,547 
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FFC*  Flaherty & Crumrine/Claymore Preferred Securities Income Fund 1/28/03  $16.18  7/29/10  1.25 % Up  $15.15  7/23/10  6.80 %  8.90 %  110,015 
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FLC*  Flaherty & Crumrine/Claymore Total Return Fund 8/26/03  $17.43  7/29/10  -0.51 % Down  $16.23  7/23/10  7.39 %  8.61 %  35,592 
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FMO  Fiduciary/Claymore MLP Opportunity Fund 12/22/04  $20.28  7/29/10  0.50 % Up  $17.93  7/29/10  13.11 %  6.61 %  58,240 
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GOF  Claymore/Guggenheim Strategic Opportunities Fund 7/26/07  $18.30  7/29/10  0.11 % Up  $17.89  7/29/10  2.29 %  10.10 %  50,046 
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GPM  Guggenheim Enhanced Equity Income Fund 8/25/05 2 $8.16  7/29/10  1.49 % Up  $8.77  7/29/10  -6.96 %  11.77 %  77,274 
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LCM  Advent/Claymore Enhanced Growth & Income Fund 1/26/05  $11.00  7/29/10  -0.81 % Down  $11.63  7/29/10  -5.42 %  9.60 %  40,814 
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MCN  Madison/Claymore Covered Call & Equity Strategy Fund 7/27/04  $8.47  7/29/10  -0.47 % Down  $9.22  7/29/10  -8.13 %  8.50 %  63,377 
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MZF  Managed Duration Investment Grade Municipal Fund 8/26/03  $14.40  7/29/10  -0.28 % Down  $14.39  7/29/10  0.07 %  6.88 %  20,440 
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TYW  TS&W/Claymore Tax-Advantaged Balanced Fund 4/27/04  $10.23  7/29/10  -0.10 % Down  $11.22  7/29/10  -8.82 %  7.04 %  21,903 
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WIA  Western Asset/Claymore Inflation-Linked Securities & Income Fund 9/25/03  $12.59  7/29/10  0.56 % Up  $13.09  7/29/10  -3.82 %  3.62 %  77,902 
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WIW  Western Asset/Claymore Inflation-Linked Opportunities & Income Fund 2/24/04  $12.45  7/29/10  0.48 % Up  $13.20  7/29/10  -5.68 %  3.86 %  112,252 
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* NAV for this Fund is computed weekly and at month-end; Premium/Discount is based upon the last computed NAV.

1 Latest declared dividend per share annualized and divided by the current share price. To the extent any portion of the current distribution is estimated to be sourced from something other than income, such as return of capital, the source would be disclosed on a Section 19a-1 letter located under the “Fund News” section of the “News & Literature” section of the Fund’s website. The distribution rate may include net investment income, capital gains and/or return of capital. The distribution rate alone is not indicative of Fund performance.

2 Prior to June 22, 2010, Guggenheim Enhanced Equity Income Fund (NYSE: GPM) was named Old Mutual/Claymore Long-Short Fund (NYSE: OLA). For additional information regarding this change, please visit www.claymore.com/GPM.

There can be no assurance that any closed-end fund will achieve its investment objective(s). Past performance does not guarantee future results. The value of any closed-end fund will fluctuate with the value of the underlying securities. Until the original listing of a closed-end fund on an exchange, no closed-end fund's shares will have a history of public trading and, historically closed-end funds often trade at a discount to their net asset value.

Investors should carefully consider the investment objectives and policies, risk considerations, charges and ongoing expenses of any investment product before investing. For more information, please contact a securities representative or Claymore Securities, Inc., 2455 Corporate West Drive, Lisle, Illinois 60532, 800-345-7999.

NOT FDIC-INSURED | NOT BANK-GUARANTEED | MAY LOSE VALUE