Fiduciary/Claymore Energy Infrastructure Fund : FMO November 2021 Section 19A-1 Letter

Computershare, Inc.

Fiduciary/Claymore Energy Infrastructure Fund

(NYSE: FMO)

CUSIP: 31647Q205

Notice to Shareholders

We are pleased to report the payment of the Fiduciary/Claymore Energy Infrastructure Fund's (the "Fund") quarterly distribution in the amount of $0.2450 per share payable on November 30, 2021, to shareholders of record on November 15, 2021. The Fund's distributions generally consist of dividends and distributions received as part of its investment in Master Limited Partnerships ("MLPs") and other portfolio securities. The Fund currently anticipates that $0.2450 per share, or 100%, of this distribution will be classified as a return of capital. However, a distribution may be wholly or partially taxable as dividend income to a shareholder if the Fund has current earnings and profits (as determined for U.S. federal income tax purposes) in the taxable year of the distribution, even if the Fund has an overall deficit in the Fund's accumulated earnings and profits and/or net operating loss or capital loss carryforwards that reduce or eliminate corporate income taxes in that taxable year. The Fund is unable to make final determinations as to the tax character of the Fund's distributions to shareholders until after the end of the calendar year and there can be no assurance as to the portions of the Fund's distributions to shareholders that will be characterized as return of capital and/or dividend income. The Fund will inform shareholders of the tax character of the Fund's distributions to shareholders in 2021 on IRS Form 1099 DIV in January 2022.

Computershare, Inc.

Transfer Agent

November 2021