AGC, OLA, TYW and Certain Claymore-Advised ETFs Announce Results of Reconvened Special Meeting of Shareholders

Advent/Claymore Global Convertible Securities & Income Fund (“AGC”), Old Mutual/Claymore Long-Short Fund (“OLA”), TS&W/Claymore Tax-Advantaged Balanced Fund (“TYW”) and the Claymore-advised exchange-traded funds listed below (the “ETFs” and, collectively with AGC, OLA and TYW, the “Funds”) are pleased to announce that the proposals applicable to each of the Funds and listed below received necessary shareholder approval at the reconvened Joint Special Meetings of Shareholders held on February 18, 2010. Specifically:

For AGC, shareholders approved a new investment advisory agreement between AGC and Claymore Advisors, LLC (“Claymore”).
For OLA, shareholders approved a new investment advisory agreement between OLA and Claymore and a new investment sub-advisory agreement among OLA, Claymore, and Analytic Investors LLC (“Analytic”).
For TYW, shareholders approved a new investment advisory agreement between TYW and Claymore and approved (i) a new investment sub-advisory agreement among TYW, Claymore and Thompson, Siegel & Walmsley LLC (“TS&W”); and (ii) a new investment sub-advisory agreement among TYW, Claymore and SMC Fixed Income Management, LP (“SMC”).
For Claymore/Ocean Tomo Growth Index ETF (“OTR”) and Claymore/Zacks Sector Rotation ETF (“XRO”) shareholders approved a new investment advisory agreement between Claymore Exchange-Traded Fund Trust, on behalf of each ETF.
For Claymore S&P Global Water Index ETF (“CGW”), Claymore/SWM Canadian Energy Income Index ETF (“ENY”) and Claymore/Beacon Global Exchanges, Brokers & Asset Managers Index ETF (“EXB”) shareholders of each ETF approved a new investment advisory agreement between Claymore and Claymore Exchange-Traded Fund Trust 2, on behalf of each ETF.

AGC entered into a new investment advisory agreement with Claymore. OLA entered into a new investment advisory agreement with Claymore and a new investment sub-advisory agreement with Claymore and Analytic. TYW entered into a new investment advisory agreement with Claymore, a new investment sub-advisory agreement with Claymore and TS&W, and a new investment sub-advisory agreement with Claymore and SMC. Claymore Exchange-Traded Fund Trust, on behalf of OTR and XRO, entered into a new investment advisory agreement with Claymore. Claymore Exchange-Traded Fund Trust 2, on behalf of CGW, ENY and EXB, entered into a new investment advisory agreement with Claymore. Each such agreement above became effective upon the date of shareholder approval.

Claymore Advisors, LLC, an affiliate of Claymore Securities, Inc., serves as the Funds’ Investment Adviser. 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 or servicing on approximately $15.2 billion in assets, as of December 31, 2009. 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. For more information regarding the Funds, please visit www.claymore.com.

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. An investment in any investment product is subject to certain risks and other considerations, including the possible loss of the entire principal amount you invest. There can be no assurance that any investment product will achieve its investment objectives. An investment in non-U.S. issuers involves risks that are in addition to the risks associated with domestic issuers; and therefore, may be subject to additional currency, political, economic, and market risks. 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. See www.claymore.com for a detailed discussion of fund-specific risks.

Investors should consider the investment objectives and policies, risk considerations, charges and expenses of the Funds carefully 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 (2/10)

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

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