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TYW Secondary Market Opportunity

^{Published on 2010-06-08 21:00:05 - Market Wire}
 

LISLE, Ill.--([ BUSINESS WIRE ])--(NYSE: [ TYW ]) [ TS&W/Claymore Tax-Advantaged Balanced Fund ] (aTYWa or the aFunda) believes the Fund may represent an attractive closed-end fund secondary market opportunity for the following reasons (all information as of June 7, 2010, unless otherwise noted):

• Attractive tax-advantaged distribution rate of 10.48%, calculated based upon the 35% federal income tax bracket and assumes the 2009 tax characterization of dividends paid. The Funda™s current pre-tax distribution rate is 7.24%. The Funda™s quarterly dividend is subject to change.
• None of the Funda™s distributions paid in 2009 were preference items for purposes of the alternative minimum tax (aAMTa).
• Discount to net asset value (aNAVa) was 7.96%. This means investors have the opportunity to buy shares of the Fund for 92 cents on the dollar. The Funda™s dividend reinvestment plan allows participating shareholders the opportunity to reinvest their quarterly dividend in additional shares of the Fund either at the market price if shares are trading at a discount to NAV or at a discount to market price if shares are trading at a premium to NAV.
• Only closed-end fund of its kind, investing in a combination of municipal securities and equity and other income-producing securities. As of April 30, 2010, the Fund had approximately 55% invested in municipal securities, 34% in equity securities, and 11% in income/other securities.
• Since inception through May 31, 2010, the Fund has delivered an annualized total return of 1.25% based on market price and 2.71% based on NAV. Although it does not represent the Funda™s benchmark, for reference, the S&P 500 Index provided an annualized total return of 1.34%. Additional performance information appears below. Past performance is not a guarantee of future results.

¹S&P 500 Index - Standard and Poora™s 500 Index is a capitalization-weighted index of 500 stocks. The index is designed to measure performance of the broad domestic economy through changes in the aggregate market value of 500 stocks representing all major industries. It is not possible to invest directly in an index.

For additional commentary, news, portfolio holdings and other regularly updated information, please visit the Funda™s website at [ www.claymore.com/TYW ].

Claymore Advisors, LLC (an affiliate of [ Claymore Securities, Inc. ]) serves as Investment Adviser to the Fund. [ Claymore Securities, Inc. ] offers strategic investment solutions for financial advisors and their valued clients. As an innovator in exchange-traded funds (ETFs), unit investment trusts (UITs) and closed-end funds (CEFs), Claymore often leads its peers with creative investment strategy solutions. In total, Claymore entities provide supervision, management, or servicing on approximately $15.9 billion in assets as of March 31, 2010. Claymore Securities, Inc. is a wholly-owned subsidiary of Guggenheim Partners, LLC, a global, diversified financial services firm with more than $100 billion in assets under supervision. Guggenheim, through its affiliates, provides investment management, investment advisory, insurance, investment banking, and capital markets services. The firm is headquartered in Chicago and New York with a global network of offices throughout the United States, Europe, and Asia.

SMC Fixed Income Management, LP serves as an Investment Sub-Adviser to the Fund andis 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 ] (aTS&Wa) 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 March 31, 2010, TS&W had approximately $7.9 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, Geopolitical Risk and AMPS 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 (6/10)

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