Claymore Securities, Inc. and its affiliate Claymore Advisors, LLC (“Claymore”) are announcing that certain closed-end funds have declared their monthly or quarterly distributions. The table below summarizes the distribution schedule for each closed-end fund.

The following dates apply to these distributions:
      Record Date   -     May 14, 2010
Ex-Dividend Date - May 12, 2010
Payable Date - May 28, 2010

NYSE Ticker
 

Fund Name
 

Distribution Amount Per Share
 

Change From Previous Distribution
 

Frequency

AGC
  Advent/Claymore Global Convertible Securities & Income Fund   $0.0664   -   Monthly

AVK
  Advent Claymore Convertible Securities and Income Fund   $0.0939   -   Monthly

DCS
  Claymore Dividend & Income Fund   $0.1000   -   Quarterly

GOF
  Claymore/Guggenheim Strategic Opportunities Fund   $0.1540   -   Monthly

LCM
  Advent/Claymore Enhanced Growth & Income Fund   $0.2640   -   Quarterly

MCN
  Madison/Claymore Covered Call & Equity Strategy Fund   $0.1800   -   Quarterly

MZF
  MBIA Capital/Claymore Managed Duration Investment Grade Municipal Fund   $0.0825*   -   Monthly

WIA
  Western Asset/Claymore Inflation-Linked Securities & Income Fund   $0.0380   -   Monthly

WIW
  Western Asset/Claymore Inflation-Linked Opportunities & Income Fund   $0.0400   -   Monthly

*MZF is declaring its May, June and July 2010 distributions of $0.0825 per share. Please see www.claymore.com/mzf for further information.

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. If a distribution rate is largely comprised of sources other than income, it may not be reflective of that Fund’s performance.

For further information regarding changes to previous distributions, if any, please refer to the “Frequently Asked Questions” section of the Fund’s dedicated website, accessible via www.claymore.com/CEF.

Claymore Advisors, LLC serves as Investment Adviser for AGC, DCS, GOF, LCM, MCN and WIW. Claymore Securities, Inc. serves as Servicing Agent for AVK, MZF and WIA. 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 $15.9 billion in assets as of March 31, 2010. 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.

The Investment Advisers for AVK, MZF and WIA are Advent Capital Management, LLC, Cutwater Asset Management Corp. and Western Asset Management Company, respectively.

This information does not represent an offer to sell securities of the Funds and it is not soliciting an offer to buy securities of the Funds. 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 closed-end funds is subject to investment risk, including the possible loss of the entire amount that you invest. Some general risks and considerations associated with investing in a closed-end fund include: Investment and Market Risk; Lower Grade Securities Risk; Equity Securities Risk; Foreign Securities Risk; Interest Rate Risk; Illiquidity Risk; Derivative Risk; Management Risk; Anti-Takeover Provisions; Market Disruption Risk and Leverage Risk. In addition, AGC, AVK and MZF are subject to AMPS Risk. See www.claymore.com/CEF for a detailed discussion of fund-specific risks.

Investors should consider the investment objectives and policies, risk considerations, charges and expenses of any investment 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 (5/10)

NOT FDIC-INSURED | NOT BANK-GUARANTEED | MAY LOSE VALUE

Copyright Business Wire 2010

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