GOF Announces Name Change And New CUSIP

(NYSE: GOF) Claymore/Guggenheim Strategic Opportunities Fund (the “Fund”) announces that the Fund’s name and CUSIP have changed to Guggenheim Strategic Opportunities Fund and 40167F101, respectively. The Fund’s ticker will remain the same and the Fund will continue to seek its investment objective of maximizing total return through a combination of current income and capital appreciation using the same investment strategy.
                   
      YTD 2011     1-Year     3-Year
GOF Market Price     4.98%     27.70%     20.25%
GOF NAV     4.99%     29.44%     16.25%

Data as of 2/28/2011. All returns for periods longer than one year are annualized.

The aforementioned returns assume reinvestment of dividends. Performance data quoted represents past performance, which is no guarantee of future results, and current performance may be lower or higher than the figures shown. The investment return and principal value of an investment will fluctuate with changes in market conditions and other factors so that an investor's shares, when sold, may be worth more or less than their original cost.

Claymore Advisors, LLC changed its name to Guggenheim Funds Investment Advisors, LLC. The change marked 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 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 management and 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.

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: Below Investment Grade Securities Risk, Senior and Second Lien Secured Loans Risk, Structured Finance Investments Risk, Mezzanine Investments Risk, Preferred Stock Risk, Convertible Securities Risk, Equity Risk, Real Estate Securities Risk, Personal Property Asset Company Risk, Inflation/Deflation Risk, Dividend Risk, Portfolio Turnover Risk, Derivatives Risk, Foreign Securities and Emerging Markets Risk and Financial Leverage Risk.

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.

Member FINRA/SIPC (3/11)

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

Copyright Business Wire 2010

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