Mar. 12, 2010 (Business Wire) -- (NYSE: LCM) Advent/Claymore Enhanced Growth & Income Fund (“the Fund”), announces that at its reconvened annual meeting of shareholders held on March 12, 2010, shareholders of the Fund approved the new investment advisory agreement between the Fund and Claymore Advisors, LLC. Pursuant to the shareholder approval of the new investment advisory, the Fund and the relevant parties entered into those agreements, effective, March 12, 2010.
Claymore Securities, Inc. offers strategic investment solutions for financial advisors and their valued clients. As an innovator in exchange-traded funds (ETFs), unit investment trusts (UITs) and closed-end funds (CEFs), Claymore often leads its peers with creative investment strategy solutions. In total, Claymore entities provide supervision, management, or servicing on approximately $15.2 billion in assets as of December 31, 2009. Claymore Securities, Inc. is a wholly-owned subsidiary of Guggenheim Partners, LLC, a global, diversified financial services firm with more than $100 billion in assets under supervision. Guggenheim, through its affiliates, provides investment management, investment advisory, insurance, investment banking, and capital markets services. The firm is headquartered in Chicago and New York with a global network of offices throughout the United States, Europe, and Asia.
Advent Capital Management, LLC serves as the Fund’s Investment Manager. Based in New York, New York, Advent is a credit-oriented firm specializing in the management of convertible, high-yield and equity securities across three lines of business – long-only strategies, hedge funds and closed-end mutual funds. The firm manages assets for several FORTUNE 500 companies, foundations, endowments, public pension plans, insurance companies and three closed-end funds, the Advent Claymore Convertible Securities and Income Fund (NYSE: AVK), Advent/Claymore Enhanced Growth & Income Fund (NYSE: LCM) and Advent/Claymore Global Convertible Securities & Income Fund (NYSE: AGC).
This information does not represent an offer to sell securities of the Fund and it is not soliciting an offer to buy securities of the Fund. An investment in any investment product is subject to certain risks and other considerations, including the possible loss of the entire principal amount you invest. There can be no assurance that any investment product will achieve its investment objectives. An investment in non-U.S. issuers involves risks that are in addition to the risks associated with domestic issuers; and therefore, may be subject to additional currency, political, economic, and market risks. The net asset value of the Fund 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. See www.claymore.com/lcm for a detailed discussion of Fund-specific risks.
Investors should consider the investment objectives and policies, risk considerations, charges and expenses of the Fund carefully before they invest. For this and more information, please contact a securities representative or Claymore Securities, Inc., 2455 Corporate West Drive, Lisle, Illinois 60532, 800-345-7999.
Member FINRA/SIPC (3/10)
NOT FDIC-INSURED | NOT BANK-GUARANTEED | MAY LOSE VALUE
