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TYW Announces At-Par Redemption Notices for Auction Market Preferred Shares

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^{Published in Business and Finance on Friday, February 27th 2009 at 14:12 GMT, Last Modified on 2009-02-27 14:13:19 by Market Wire}  

LISLE, Ill.--([ BUSINESS WIRE ])--(NYSE: [ TYW ]) [ TS&W/Claymore Tax-Advantaged Balanced Fund ] (the "Fund"), a diversified closed-end management investment company, today announced a partial at-par redemption of its outstanding Auction Market Preferred Shares ("AMPS"), liquidation preference $25,000 per share.

The Fund will redeem $5 million of its outstanding AMPS. The redemption price will be equal to the liquidation preference per share, plus accumulated but unpaid dividends as of the applicable redemption date (as noted in the table below). Following this redemption, the Fund will have $115 million of AMPS outstanding.

Redemption Schedule

With respect to this partial redemption, The Depository Trust Company (DTC), the holder of record of the Fund's AMPS, will determine how the partial series redemptions will be allocated among each participant broker-dealer account, which may include selecting AMPS to be redeemed by lot or such other method as DTC deems fair and equitable. Each participant broker-dealer, as nominee for underlying beneficial owners (street name shareholders), in turn will determine how redeemed shares are to be allocated among its underlying beneficial owners. The procedures used by various broker-dealers to allocate redeemed shares among beneficial owners may differ from each other as well as from the procedures used by DTC.

Claymore Advisors, LLC, an affiliate of [ Claymore Securities, Inc ]., serves as the Fund's Investment Adviser. Claymore Securities, Inc. is a privately-held financial services company offering unique investment solutions for financial advisors and their valued clients. Claymore entities have provided supervision, management, servicing and/or distribution on approximately $10.3 billion in assets, as of December 31, 2008. Claymore currently offers closed-end funds, unit investment trusts and exchange-traded funds. Registered investment products are sold by prospectus only and investors should read the prospectus carefully before investing. Additional information on Claymore's closed-end funds is available at [ www.claymore.com/cef ].

SMC Fixed Income Management, LP serves as an Investment Sub-Adviser to the Fund and is responsible for the day-to-day management of the municipal securities portion of the Fund. SMC uses both bottom-up and top-down analysis in constructing portfolios.

[ Thompson, Siegel & Walmsley LLC ] ("TS&W") serves as an Investment Sub-Adviser to the Fund and is responsible for the day-to-day management of the equity and income securities portion of the Fund. TS&W was founded in 1969 and provides investment management services to corporations, pension and profit-sharing plans, 401(k) and thrift plans, trusts, estates and other institutions and individuals. As of September 30, 2008, TS&W had approximately $6.8 billion in assets under management.

This information does not represent an offer to sell securities of the Fund and it is not soliciting an offer to buy securities of the Fund. There can be no assurance that the Fund will achieve its investment objectives. The net asset value of the Fund 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 the Fund is subject to certain risks and other considerations. Such risks and considerations include, but are not limited to: Investment Risk, Market Discount Risk, Interest Rate Risk, Credit Risk, Lower-Grade and Unrated Securities Risk, Leverage Risk, Issuer Risk, Country Risk, Prepayment Risk, Reinvestment Risk, Derivatives Risk, Inflation/Deflation Risk, Management Risk, Turnover Risk, Anti-Takeover Provisions, Smaller Company Risk, and Market Disruption and Geopolitical Risk.

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, Illinois 60532, 800-345-7999.

Member FINRA/SIPC (2/09)

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