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Advent Claymore Closed-End Funds Announce Investment Policy Changes and AGC Name Change

LISLE, Ill.--(BUSINESS WIRE)--Advent Claymore Convertible Securities and Income Fund II (f/k/a Advent/Claymore Global Convertible Securities & Income Fund) (NYSE: AGC), Advent Claymore Convertible Securities and Income Fund (NYSE: AVK) and Advent/Claymore Enhanced Growth & Income Fund (NYSE: LCM) (together the “Funds”) announce the effectiveness of changes to certain non-fundamental investment policies for each of the Funds, which were initially announced on December 6, 2011. These modifications were designed to expand the portfolio management flexibility of the Funds and may provide an opportunity to enhance shareholder value through the investment manager’s expanded investment capabilities and ability to manage risk.