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CHICAGO--([ BUSINESS WIRE ])--Fitch Ratings notes that the auction market preferred shares (AMPS) issued by TS&W/Claymore Tax-Advantage Balanced Fund (NYSE: TYW), a leveraged municipal/equity closed-end fund co-advised by Guggenheim Funds Investment Advisers, LLC (Guggenheim Funds), Thompson, Siegel & Walmsley LLC (TS&W) and SMC Fixed Income Management, LP (SMC), are paid in full following the at-par redemption of all outstanding shares. Share class information and the dates of repayment of the AMPS are as follows:

TYW, $105 million aggregate principal amount of AMPS:

--Series M7, 2,100 shares, rated 'AAA', redeemed on Jan. 10, 2012;

--Series T28, 2,100 shares, rated 'AAA', redeemed on Jan. 11, 2012.

The redemption of outstanding AMPS took place as a result of the fund's reorganization into an open-end fund: Rydex | SGI Municipal Income Fund, a series of Security Income Fund.

Additional information is available at '[ www.fitchratings.com ]'. The ratings above were solicited by, or on behalf of, the issuer, and therefore, Fitch has been compensated for the provision of the ratings.

Applicable Criteria and Related Research:

--'Closed-End Fund Debt and Preferred Stock Rating Criteria' (Aug. 16, 2011).

Applicable Criteria and Related Research:

Rating Closed-End Fund Debt and Preferred Stock

[ http://www.fitchratings.com/creditdesk/reports/report_frame.cfm?rpt_id=648840 ]

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