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Advent Claymore Closed-End Funds Announce Commencement of Tender Offers for Auction Market Preferred Shares

LISLE, Ill.--(BUSINESS WIRE)--Advent Claymore Convertible Securities and Income Fund (NYSE: AVK) and Advent Claymore Convertible Securities and Income Fund II (NYSE: AGC) (together the “Funds”) announced today that each Fund has commenced a tender offer for up to 100% of its outstanding auction market preferred shares (“AMPS”).