LISLE, Ill.--(BUSINESS WIRE)--(NYSE: TYW) TS&W / Claymore Tax-Advantaged Balanced Fund (the “Fund”) announced today that Fund management and the Board of Trustees (“the Board”) are considering various actions to be taken on behalf of the Fund if reduced tax rates applicable to certain common and preferred share dividends (“qualified dividends” or “QDI”) are not extended and expire at the end of 2010.
No changes to the Fund’s investment policies or parameters are taking place at this time. However, Fund management and the Board are aware that the expiration of reduced tax rates applicable to QDI may affect how the Fund pursues its investment objective to provide a high level of total after-tax return, including attractive tax-advantaged income. If reduced tax rates applicable to QDI are not extended on or before December 31, 2010, the Fund will provide shareholders with additional information regarding how the Fund will continue to seek to achieve its investment objective.
Fund management intends to monitor developments closely and as further details are available, they will be posted to the Fund’s website at www.guggenheimfunds.com/TYW.
Guggenheim Funds Investment Advisors, LLC (“Guggenheim Funds”) serves as Investment Adviser for TYW. Guggenheim Funds and its affiliates provide 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 supervision. Guggenheim Partners, 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 (“SMC”) 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. As of March 31, 2010, SMC Fixed Income Management, LP had approximately $1.1 billion of municipal assets under management and advisement, including a closed-end fund, separately managed accounts and various Berkshire Hathaway insured unit investment trusts.
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 March 31, 2010, TS&W had approximately $7.9 billion in assets under management.
Claymore Securities, Inc. has changed its name to Guggenheim Funds Distributors, Inc. The change marks the next phase of business integration following the acquisition of Claymore by Guggenheim Partners, LLC, (“Guggenheim Partners”) announced on October 15, 2009. The Guggenheim Funds business will continue to support the current product lineup of exchange-traded funds (ETFs), unit investment trusts (UITs) and closed-end funds (CEFs), with their respective strategies and investment policies remaining unchanged.
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 • NOT BANK - GUARANTEED • MAY LOSE VALUE
Member FINRA/SIPC (11/10)