TYW TS&W/Claymore Tax-Advantaged Balanced Fund Common Stock

Guggenheim Investments announced today that certain closed-end funds have declared their monthly or quarterly distributions. The tables below summarize the distribution schedule for each closed-end fund.

The following dates apply to the distributions:

Record Date       December 15, 2011 Ex-Dividend Date December 13, 2011 Payable Date December 30, 2011   Distributions Schedule             Change from     NYSE Distribution Previous Ticker     Closed End Fund Name     Per Share     Distribution     Frequency

AGC

    Advent/Claymore Global Convertible Securities & Income Fund     $0.0664     —     Monthly

AVK

    Advent Claymore Convertible Securities and Income Fund     $0.0939     —     Monthly

GBAB

    Guggenheim Build America Bonds Managed Duration Trust     $0.1290     —     Monthly

GOF

    Guggenheim Strategic Opportunities Fund     $0.1540     —     Monthly

GPM

    Guggenheim Enhanced Equity Income Fund     $0.2400     —     Quarterly

MZF1

    Managed Duration Investment Grade Municipal Fund     $0.0825     —     Monthly

TYW

    TS&W/Claymore Tax-Advantaged Balanced Fund     $0.2000     —     Quarterly

WIA

    Western Asset/Claymore Inflation-Linked Securities & Income Fund     $0.0320     —     Monthly

WIW

    Western Asset/Claymore Inflation-Linked Opportunities & Income Fund     $0.0335     —     Monthly  

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. Distributions may be comprised of sources other than income, which may not reflect actual Fund performance.

About Guggenheim Investments

Guggenheim Investments represents the investment management division of Guggenheim Partners, LLC (“Guggenheim”), which consist of investment managers with approximately $115 billion in combined total assets*. Collectively, Guggenheim Investments has a long, distinguished history of serving institutional investors, ultra-high-net-worth individuals, family offices and financial intermediaries. Guggenheim Investments offer clients a wide range of differentiated capabilities built on a proven commitment to investment excellence. Guggenheim Investments has offices in Chicago, New York City and Santa Monica, along with a global network of offices throughout the United States, Europe, and Asia.

Guggenheim Investments is comprised of several investments management entities within Guggenheim, which includes Guggenheim Funds Distributors, Inc. and Guggenheim Funds Investment Advisors, LLC. Guggenheim Funds Investment Advisors, LLC serves as Investment Adviser for AGC, GBAB, GOF, GPM, TYW and WIW. Guggenheim Funds Distributors, Inc. serves as Servicing Agent for AVK, MZF and WIA. The Investment Advisers for AVK, MZF and WIA are Advent Capital Management, LLC, Cutwater Investor Services Corporation and Western Asset Management Company, respectively.

1MZF declared its December 2011 distribution on November 1, 2011. Please see www.guggenheimfunds.com/MZF for further information.

* Asset figure is based upon the best available information as of 9/30/2011 and consists of assets under management and serviced assets of the various asset managers comprising Guggenheim Investments. The total asset figure includes $8.7B of leverage for assets under management and $0.8B of leverage for serviced assets.

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, AGC, AVK, MZF and TYW are 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 visit www.guggenheimfunds.com or contact a securities representative or Guggenheim Funds Distributors, Inc. 2455 Corporate West Drive, Lisle, IL. 60532, 800-345-7999.

NOT FDIC-INSURED | NOT BANK-GUARANTEED | MAY LOSE VALUEMember FINRA/SIPC (12/11)