(NYSE: GOF) Claymore/Guggenheim Strategic Opportunities Fund (the “Fund”), announced today that the Fund intends to hold its annual meeting of shareholders on Monday, March 7, 2011. Because the Annual Meeting will be held more than 30 days from the date previously announced for the annual meeting of shareholders, the deadlines for shareholder proposals have been extended. Shareholder proposals intended for inclusion in the Fund's proxy statement in connection with the Annual Meeting pursuant to Rule 14a-8 under the Securities Exchange Act of 1934, as amended (the “Exchange Act”), must be received by the Fund at the Fund's principal executive offices by Thursday, November 18, 2010. Proposals made outside of Rule 14a-8 under the Exchange Act must be submitted, in accordance with the notice requirements of the Fund's By-Laws, not earlier than Sunday, November 7, 2010 nor later than the close of business on Tuesday, December 7, 2010 (which is also the date after which shareholder nominations and proposals made outside of Rule 14a-8 under the Exchange Act would not be considered “timely” within the meaning of Rule 14a-4(c) under the Exchange Act). Any such proposal should be sent to the Secretary of the Fund, c/o Guggenheim Funds Investment Advisors, LLC, 2455 Corporate West Drive, Lisle, Illinois 60532.

Guggenheim Partners Asset Management, LLC, serves as the Fund’s investment sub-adviser and Guggenheim Funds Investment Advisors, LLC serves as the Fund’s investment adviser. Guggenheim Partners Asset Management, LLC and Guggenheim Funds Investment Advisors, LLC are wholly-owned subsidiaries of Guggenheim Partners, LLC, a global, diversified financial services firm with more than $100 billion in assets under supervision. Guggenheim Partners, 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.

Claymore Securities, Inc. has changed its name to Guggenheim Funds Distributors, Inc. The change marks the next phase of business integration following the acquisition of Claymore by Guggenheim Partners announced on Oct. 15, 2009. The Guggenheim Funds business will continue to support the current product lineup of exchange-traded funds (ETFs), unit investment trusts (UITs) and closed-end funds (CEFs), with their respective strategies and investment policies remaining unchanged.

There can be no assurance that the Fund will achieve its investment objectives. 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. Past performance is not indicative of future performance. An investment in the Fund is subject to certain risks and other considerations. Such risks and considerations include, but are not limited to: Income Risk, Income Securities Risk, Below-Investment Grade Securities Risk, Common Equity Securities Risk, Investment Funds Risk, Foreign Securities Risk, Emerging Markets Risk, Dividend Risk, Senior Loans Risk, Second Lien Loans Risk, Mezzanine Investments Risk, Convertible Securities Risk, Preferred Stock Risks, Structured Finance Investments Risk, Foreign Currency Risk, Risks Associated with the Fund’s Covered Call Option Strategy, Risks of Real Property Asset Companies, Risks of Personal Property Asset Companies, Private Securities Risk, Private Investment Funds Risk, Affiliated Investment Funds Risk, Synthetic Investments Risk, Inflation/Deflation Risk, Market Discount Risk, Financial Leverage Risk, Derivative Transactions Risks, Portfolio Turnover Risk, and Current Developments 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 Guggenheim Funds Distributors, Inc., 2455 Corporate West Drive, Lisle, Illinois 60532, 800-345-7999.


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