Claymore Securities, Inc.
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PERFORMANCE PARTNERS ABOUT CLAYMORE CEFs LITERATURE
HCE
Fiduciary/Claymore Dynamic Equity Fund

On May 27, 2009 Fiduciary/Claymore Dynamic Equity Fund (the "Fund") announced the sole and final liquidating distribution of $4.207 per share, with a payable date on Friday, May 29, 2009, to shareholders of record as of April 24, 2009. The distribution represents all of the assets of the Fund less amounts necessary to discharge any unpaid liabilities of the Fund. To access the referenced press release, please click here.

INVESTORS

For questions regarding the Fund or your brokerage statement, please contact your Financial Advisor.

For questions concerning your registered shares, please contact the Transfer Agent, The Bank of New York Mellon

HCE Transfer Agent
The Bank of New York Mellon
101 Barclay Street
New York, NY 10286
866-488-3559

FINANCIAL ADVISORS

For questions concerning the Fund, please contact the Investment Adviser, Claymore Advisors, LLC.

HCE Investment Adviser
Claymore Advisors, LLC
2455 Corporate West Drive
Lisle, IL 60532
888-991-0091

Investors and Financial Advisors can send an email to the Fund.

HCE Investment Manager
Fiduciary Asset Management, LLC
8235 Forsyth Boulevard
Suite 700
St. Louis, MO 63105
 www.famco.com

HCE Independent Registered Public Accounting Firm
Ernst & Young LLP
Chicago, IL

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

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The information on this website is intended for U.S. residents only. The information provided does not constitute a solicitation of an offer to buy, or an offer to sell securities in any jurisdiction to any person to whom it is not lawful to make such an offer. All rights reserved. Market information used on this website is obtained from non-proprietary market sources. While we believe this information to be accurate, Claymore Securities, Inc. and its affiliates cannot attest to the validity of information culled from other sources. The Claymore logos and "Claymore Securities, Inc." are protected under various U.S. Trademark Registrations.