N@N

TYW Board of Trustees Provides Shareholder Update

^{Published on 2011-08-01 11:40:54 - Market Wire}
 

LISLE, Ill.--([ BUSINESS WIRE ])--(NYSE: [ TYW ]) The Board of Trustees (the aBoarda) of TS&W / Claymore Tax-Advantaged Balanced Fund [ TS&W / Claymore Tax-Advantaged Balanced Fund ] (aTYWa or the aFunda) is providing an update regarding its evaluation of various alternatives available to the Fund to enhance shareholder value. In addition, Guggenheim Funds Investment Advisors, LLC (aGuggenheim Fundsa) would like to reiterate its availability to address any shareholder questions or comments. Shareholders are encouraged to contact Guggenheim Funds via its website, electronic mail, regular mail or toll-free number provided below.

The Board previously announced that it had approved in principle the conversion of the Fund to an open-end fund, to be managed by Thompson, Siegel & Walmsley, Inc., and was further considering the process by which such conversion would be implemented. The Fund was unable to reach a definitive agreement with the proposed open-end fund sponsor with respect to the terms of such proposed conversion. Therefore, conversion to an open-end fund managed by Thompson, Siegel & Walmsley, Inc. is no longer under consideration. The Board continues to evaluate other possible courses of action for the Fund, including conversion to an open-end fund, and will take such actions as it believes to be in the best interests of the Fund and its shareholders, subject to any necessary shareholder vote.

The Board currently expects that any course of action taken on behalf of the Fund would result in a liquidity event for shareholders at net asset value. The Board currently anticipates that its proposed course of action will be announced to shareholders as soon as practicable. At that time, the Board intends to announce the date of a special meeting of shareholders at which shareholders would be able to vote on the course of action recommended by the Board. In the meantime, representatives of the Fund are available to address shareholder inquiries via the contact information provided below.

Any solicitation of proxies by TYW in connection with any special meeting of shareholders (aSpecial Meetinga) will only be made pursuant to proxy materials filed with the Securities and Exchange Commission (the aSECa) under applicable federal securities laws.

TYW and its trustees and executive officers may be deemed to be participants in the solicitation of proxies from shareholders in connection with a Special Meeting. Proxy materials will be filed with the SEC in connection with the solicitation of proxies for a Special Meeting. Information regarding the names of TYWa™s trustees and executive officers and their respective interests in TYW may be found in TYWa™s annual report to shareholders dated December 31, 2010 and TYWa™s proxy statement relating to its 2010 annual meeting of shareholders, each which may be obtained free of charge at the SECa™s website at [ www.sec.gov ].

Definitive proxy materials will be mailed to each shareholder of TYW entitled to vote at a Special Meeting. These proxy materials will contain important information and shareholders are urged to read the proxy materials (including any amendments or supplements thereto) and any other relevant documents filed with the SEC when they become available. Shareholders will be able to obtain, free of charge, copies of the proxy materials and any other documents filed with the SEC in connection with a Special Meeting at the SECa™s website at [ www.sec.gov ], by calling 800-345-7999 or by writing to 2455 Corporate West Drive, Lisle, Illinois 60532.

The foregoing is not an offer to sell, nor a solicitation of an offer to buy, shares of the Fund, nor is it a solicitation of any proxy.

Guggenheim Funds Investment Advisors, LLC acts as the Investment Adviser for TYW. [ Guggenheim Funds Distributors, Inc. ] and its affiliates (together, aGuggenheim Fundsa) offer 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), Guggenheim Funds often leads its peers with creative investment strategy solutions. Guggenheim Funds provides supervision, management or servicing of assets with a commitment to consistently delivering exceptional service. Guggenheim Funds is a wholly-owned subsidiary of Guggenheim Partners, LLC, a global, diversified financial services firm with more than $100 billion in assets under management and supervision. Guggenheim Partners, LLC, 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.

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 Guggenheim Funds Distributors, Inc., 2455 Corporate West Drive, Lisle, Illinois 60532, 800-345-7999.

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

Member FINRA/SIPC (8/11)