Guggenheim Funds Distributors, Inc. and its affiliate Guggenheim Funds Investment Advisors, LLC (together, “Guggenheim Funds”) are announcing that certain closed-end funds have declared a supplemental year-end dividend. The dividends are being made at this time in order to allow the funds to meet their distribution requirements for income and capital gains for 2010. The table below summarizes the supplemental year-end dividend amount for each closed-end fund.
 

The following dates applyto these supplemental dividends:
 

Record Date

-
  December 29, 2010

Ex-Dividend Date

-
December 27, 2010

Payable Date

-
December 31, 2010
 

NYSE
 

Fund Name
 

Supplemental Income

Ticker
   

Dividend Per Share

AVK
  Advent Claymore Convertible Securities and Income Fund   $0.454

DCS
  Claymore Dividend & Income Fund   $0.022

GOF
  Claymore/Guggenheim Strategic Opportunities Fund   $0.027
 

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.

Claymore Securities, Inc. has changed its name to Guggenheim Funds Distributors, Inc. and Claymore Advisors, LLC has changed its name to Guggenheim Funds Investment Advisors, LLC. The change marks the next phase of business integration following the acquisition of Claymore by Guggenheim Partners, LLC, (“Guggenheim Partners”), announced on October 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.

Guggenheim Funds Investment Advisors, LLC serves as Investment Adviser for DCS and GOF. Guggenheim Funds Distributors, Inc. serves as Servicing Agent for AVK. Guggenheim Funds 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), Guggenheim Funds often leads its peers with creative investment strategy solutions. Guggenheim Funds and its affiliates provide supervision, management or servicing of assets with a commitment to consistently delivering exceptional service. Guggenheim Funds is a wholly-owned subsidiary of Guggenheim Partners 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.

The Investment Advisers for AVK is Advent Capital Management, LLC.

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, AVK is subject to AMPS Risk. See www.guggenheimfunds.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 Guggenheim Funds Distributors, Inc., 2455 Corporate West Drive, Lisle, Illinois 60532, 800-345-7999.

Member FINRA/SIPC (12/10)

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

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