GGE Guggenheim Enhanced Equity Strategy Fund

The exchange-traded funds and certain closed-end funds advised or serviced by Guggenheim Funds Investments Advisors, LLC or Guggenheim Funds Distributors, LLC (together the “Funds”) announced today the appointment by each Fund’s Board of Trustees of Ms. Joanna Catalucci as the Interim Chief Compliance Officer of each Fund.

Ms. Catalucci is a Managing Director of Compliance and Fund Board Relations within Guggenheim Partners. In this role, she leads the strategic direction of the comprehensive compliance program for Guggenheim Investments focusing on compliance requirements of the investment advisors, products and distribution. In addition, Ms. Catalucci assists in the facilitation of consistency and overall relationship management of the multiple fund boards. Before joining Guggenheim, she served as senior vice president and chief compliance officer of Rydex|SGI for 12 years. In this role, Ms. Catalucci oversaw the compliance programs for Rydex|SGI’s investment advisor, mutual funds and ETFs, as well as institutional accounts. Ms. Catalucci also oversaw the execution and monitoring of Rydex|SGI’s code of ethics and coordinated all aspects of various regulatory exams. In addition, she led the Risk Committee for Rydex|SGI. Before joining Rydex|SGI in 2000, Ms. Catalucci served as vice president of fund administration for Chase Global Fund Services Co., where she was responsible for compliance for the Morgan Stanley Dean Witter group of funds. Before that, she served as an audit supervisor at PricewaterhouseCoopers, LLP. Ms. Catalucci holds a B.S. degree in accounting from Merrimack College in Andover, MA. She also holds a Financial Industry Regulatory Authority (“FINRA”) Series 7 license.

The Funds for which this change is applicable include all exchange-traded funds in the Claymore Exchange-Traded Fund Trust and Claymore Exchange-Traded Fund Trust 2 and the following closed-end funds advised or serviced by Guggenheim Funds Investment Advisors, LLC or Guggenheim Funds Distributors, LLC:

  FMO Fiduciary/Claymore MLP Opportunity Fund GBAB Guggenheim Build America Bonds Managed Duration Trust GEQ Guggenheim Equal Weight Enhanced Equity Income Fund GGE Guggenheim Enhanced Equity Strategy Fund GOF Guggenheim Strategic Opportunities Fund GPM Guggenheim Enhanced Equity Income Fund MCN Madison/Claymore Covered Call & Equity Strategy Fund MZF Managed Duration Investment Grade Municipal Fund  

About Guggenheim Investments

Guggenheim Investments represents the investment management division of Guggenheim Partners (“Guggenheim”), which consists of investment managers with approximately $130 billion in combined total assets*. Guggenheim Investments is comprised of several investment management entities within Guggenheim. 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.

* The total asset figure is as of 6.30.2012 and includes $10.7B of leverage for Assets Under Management and $0.8B of leverage for Serviced Assets. Total assets includes assets from Security Investors, Guggenheim Partners Investment Management, Guggenheim Funds and its affiliated entities, and some business units including Guggenheim Real Estate, Guggenheim Aviation, GS GAMMA Advisors, Guggenheim Partners Europe, Transparent Value Advisors, and Guggenheim Partners India Management. 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 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 and 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. Read an ETF’s prospectus and summary prospectus (if available) carefully before investing. It contains the ETF’s investment objectives, risks, charges, expenses and other information, which should be considered carefully before investing. Obtain a prospectus and summary prospectus (if available) for ETFs and other funds distributed by Guggenheim Funds Distributors, LLC at guggenheimfunds.com or call 800.345.7999.

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

Member FINRA/SIPC (9/12)