Managed Duration Investment Grade Municipal Fund ("MZF") and Madison/Claymore Covered Call & Equity Strategy Fund ("MCN" and together with MZF, the "Funds") today announce the election, by the Funds' Boards of Trustees, of Ms. Ann Edgeworth as the Interim Chief Compliance Officer of the Funds.
Interim Chief Compliance Officer
Ms. Edgeworth currently serves as a Director with Foreside Compliance Services, LLC. In addition to her service to the Guggenheim Funds, Ms. Edgeworth serves as the Chief Compliance Officer for one other investment company that offers exchange traded products. Prior to joining Foreside in 2011, Ms. Edgeworth was a Vice President at State Street from 2007-2011 where she performed a comparable role in the firm's Compliance Advisory Services group. Prior to State Street, Ms. Edgeworth was a Director at Investors Bank & Trust from 2004-2007.
About Guggenheim Investments
Guggenheim Investments represents the investment management division of Guggenheim Partners, LLC ("Guggenheim"), which consists of investment managers with approximately $130 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 offers 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 investment management entities within Guggenheim, which includes Guggenheim Funds Distributors, Inc. and Guggenheim Funds Investment Advisors, LLC.
*Asset figure is based upon the best available information as of March 31, 2012 and consists of assets under management and serviced assets of the various asset managers comprising Guggenheim Investments. The total asset figure includes $10.7B of leverage for assets under management and $0.8B of leverage for serviced assets. Values from some funds are based upon prior periods.
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 Risk; Equity Risk; Risks Associated with Options on Securities; Limitation on Option Writing Risk; Risks of Mid-Cap Companies; Income Risk; Foreign Securities Risk; Industry Concentration Risk; Derivatives Risk; Illiquid Securities Risk; Fund Distribution Risk; Other Investment Companies Risk; Management Risk and Current Developments Risk, Liquidity and Market Price of Shares Risk; Market Risk and Selection Risk; Municipal Bond Market Risk; Interest Rate and Credit Risk; Call and Redemption Risk; Private Activity Bonds Risk; Risks of Tobacco-Related Municipal Bonds; Leverage Risk; Inflation Risk; Portfolio Strategies Risk; Derivatives Risk; Affiliated Insurers Risk; Anti-Takeover Provisions; and Market Disruption. In addition, MZF is subject to AMPS Risk. See www.guggenheimfunds.com/cef for a detailed discussion of closed-end 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, LLC 2455 Corporate West Drive, Lisle, IL. 60532, 800-345-7999.
NOT FDIC-INSURED | NOT BANK-GUARANTEED | MAY LOSE VALUE
Member
FINRA/SIPC (5/12)
Contacts:
Guggenheim Investments
Media Inquiries:
Jeaneen Pisarra
917.386.0387
jpisarra@sgi-investors.com
or
Analyst
Inquiries:
William T. Korver
630.505.3700
William.Korver@guggenheiminvestments.com