Subsidiary Legal Entity

Computershare Shareowner Services LLC

Guggenheim Enhanced Equity Strategy Fund (NSYE: GGE) Cusip: 40167K100

Dear Shareholder(s):

The Guggenheim Enhanced Equity Strategy Fund (the "Fund") adopted a policy such that the quarterly distributions to shareholders would consist of net investment income and net realized gains, if any. The quarterly distribution in the amount of $0.4850 per share payable May 31, 2016 from the Fund to shareholders of record on May 13, 2016, is estimated to consist of $0.0804 per share, or 16.58% of short-term capital gains and

$0.4046 per share or 83.42% of return of capital.

The final determination of the source of the 2016 distributions will be made after the end of the Fund's fiscal year and will be reported to you in January 2017 on Form 1099-DIV.

COMPUTERSHARE

Transfer Agent

May 2016

Guggenheim Enhanced Equity Strategy Fund published this content on 26 May 2016 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 27 May 2016 08:25:03 UTC.

Original documenthttp://gi.guggenheiminvestments.com/GuggenheimInvestments/media/cefdoclib/gf/GGE-19A-1-letter-May-2016.pdf?ext=.pdf

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