Advent/Claymore Global Convertible Securities & Income Fund (NYSE: AGC)
and Advent/Claymore Enhanced Growth & Income Fund (NYSE:LCM)
announce the declaration of new regular distribution amounts to be paid
The new regular monthly distribution for AGC
will be $0.047 per share. This new monthly distribution compares to
$0.0664 per share for the Fund's most recent distribution. The new
regular quarterly distribution for LCM
will be $0.210 per share. This new quarterly distribution compares to
$0.264 per share for the Fund's most recent distribution. The
modifications were made in an effort to more closely align the earnings
potential of the Funds' investments with the distribution rates of each
Fund while also seeking to provide investors with greater long-term
total return potential. Lower interest rates in U.S. Treasuries, high
yield, investment grade and convertible securities have also influenced
The February 2012 distribution will be paid on February 29, 2012 to
shareholders of record as of February 15, 2012 with an ex-dividend date
of February 13, 2012. For additional commentary, news, portfolio
holdings and other regularly updated information, please visit www.guggenheimfunds.com/CEF.
Past performance is not indicative of future performance. If it
is determined that a notification is required, pursuant to Section 19(a)
of the Investment Company Act of 1940, as amended, such notice will be
posted to such Fund's website after the close of business three business
days prior to the payable date. Distributions may be comprised of
sources other than income, which may not reflect actual Fund performance.
About Guggenheim Investments
Guggenheim Investments represents the investment management division of
Guggenheim Partners, LLC ("Guggenheim"), which consist of investment
managers with approximately $127 billion in combined total assets*.
Collectively, Guggenheim Investments has a long, distinguished history
of serving institutional investors, ultra-high-net-worth individuals,
family offices and financial intermediaries. Guggenheim Investments
offer clients a wide range of differentiated capabilities built on a
proven commitment to investment excellence. Guggenheim Investments has
offices in Chicago, New York City and Santa Monica, along with a global
network of offices throughout the United States, Europe, and Asia.
Guggenheim Investments is comprised of several investment management
entities within Guggenheim, which includes Guggenheim Funds
Distributors, Inc. and Guggenheim Funds Investment Advisors, LLC.
Guggenheim Funds Investment Advisors, LLC serves as Investment Adviser
About Advent Capital Management
Founded in 1995, Advent Capital Management, LLC is recognized as a
leader in the convertible space. Advent now manages approximately $6
billion in convertible, high yield and equity securities across three
synergistic lines of business - long-only strategies, hedge fund
strategies and closed-end mutual funds for corporations, public pension
plans, foundations, endowments and high-net-worth individuals globally.
The firm's investment team of 28 seasoned professionals is among the
largest and most experienced in the industry. Advent's proficiency in
investing across the entire capital structure is driven by the strength
of its proprietary fundamental, bottom-up research. The firm's
credit-driven research approach has been a core driver of its investment
There can be no assurance that the Funds will achieve their
investment objectives. The net asset value of the Funds will fluctuate
with the value of the underlying securities. It is important to note
that closed-end funds trade on their market value, not net asset value,
and closed-end funds often trade at a discount to their net asset value.
Past performance is not indicative of future performance. An investment
in the Funds is subject to certain risks and other considerations. Such
risks and considerations include, but are not limited to: Investment and
Market Risk; Convertible Securities Risk; Structured and Synthetic
Convertible Securities Risk; Lower Grade Securities Risk; Equity
Securities Risk; Preferred Securities Risk; Derivatives Risk; Interest
Rate Risk; Leverage Risk; Anti-Takeover Provisions; Foreign Securities
Risk; Foreign Currency Risk; Market Disruption Risk; Risk Associated
with the Fund's Covered Call Option Writing Strategy; Senior and Second
Lien Secured Loan Risk and Illiquidity Risk. AGC is subject to AMPS Risk.
*Asset figure is based upon the best available information as of
December 31, 2011 and consists of assets under management and serviced
assets of the various asset managers comprising Guggenheim Investments.
The total asset figure includes $8.8B of leverage for assets under
management and $0.8B of leverage for serviced assets.
Investors should consider the investment objectives and policies,
risk considerations, charges and expenses of any investment before they
invest. For this and more information visit www.guggenheimfunds.com
or contact a securities representative or Guggenheim Funds Distributors,
Inc. 2455 Corporate West Drive, Lisle, IL. 60532, 800-345-7999.
NOT FDIC-INSURED | NOT BANK-GUARANTEED | MAY LOSE VALUE
Member FINRA/SIPC (2/12)
William T. Korver, 630.505.3700