HCE Fiduciary Claymore Dynm EQ F

Claymore Securities, Inc. (�Claymore�), a leading financial services company offering unique investment solutions for financial advisors and their valued clients, today announced the availability of portfolio commentary by the portfolio management team of Fiduciary/Claymore Dynamic Equity Fund (NYSE:HCE). This commentary is posted on the Fund�s publicly accessible website at www.claymore.com/hce and is intended to address recent events in the marketplace. Further information regarding the Fund may also be accessed online at www.claymore.com/hce. Claymore Securities, Inc. is a privately-held financial services company offering unique investment solutions for financial advisors and their valued clients. Claymore entities have provided supervision, management, servicing and/or distribution on approximately $18.4 billion in assets, as of June 30, 2008. Claymore currently offers closed-end funds, unit investment trusts and exchange-traded funds. Registered investment products are sold by prospectus only and investors should read the prospectus carefully before investing. The opinions referenced are as of the date of publication and are subject to change due to changes in the market or economic conditions and may not necessarily come to pass. Information contained herein should not be considered investment advice. 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 (10/08) NOT FDIC-INSURED | NOT BANK-GUARANTEED | MAY LOSE VALUE