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GGE Announces Increase To Quarterly Dividend

(NYSE: GGE) Guggenheim Enhanced Equity Strategy Fund (the “Fund”), a closed-end management investment company, announces that it is increasing its quarterly dividend to $0.4850 per share, effective with its February 2013 dividend. The increased dividend compares to $0.3125 per share for the Fund’s most recent dividend. The Fund’s dividend is being increased in an effort to more closely align the dividend with the income and gains generated by the Fund’s investment strategy. This increased dividend represents a distribution rate of 11.24% based upon the closing market price of $17.26 on November 30, 2012.

The February 2013 dividend will be paid on February 28, 2013 to shareholders of record as of February 15, 2013 with an ex-dividend date of February 13, 2013. For additional commentary, news, portfolio holdings and other regularly updated information, please visit the Fund’s website at www.guggenheiminvestments.com.

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 the 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 (“Guggenheim”), which consists of investment managers with approximately $137 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 offers 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.

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