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MCN, OLA and TYW Announce the Availability of Their 2008 Annual Shareholder Reports

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^{Published in Business and Finance on Friday, February 27th 2009 at 14:45 GMT, Last Modified on 2009-02-27 14:45:50 by Market Wire}  

LISLE, Ill.--([ BUSINESS WIRE ])--Claymore announces the availability of the 2008 annual shareholder reports for [ Madison/Claymore Covered Call & Equity Strategy Fund ] (NYSE: [ MCN ]), [ Old Mutual/Claymore Long-Short Fund ] (NYSE: [ OLA ]) and [ TS&W/Claymore Tax-Advantaged Balanced Fund ] (NYSE: [ TYW ]). Each report respectively have been filed with the SEC and can be accessed through Claymore's website at [ www.claymore.com/cefs ]. Copies of the reports may be obtained by calling Claymore at 800-345-7999.

There can be no assurance that the Funds will achieve its investment objective. 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.

Investors should consider the investment objectives and policies, risk considerations, charges and expenses of the Fund carefully before they invest. For this and more information, please contact a securities representative or Claymore Securities, Inc., 2455 Corporate West Drive, Lisle, IL 60532, 800-345-7999.

Member FINRA/SIPC

02/09

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