Edgar Filing: ADVENT/CLAYMORE ENHANCED GROWTH & INCOME FUND

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 14A INFORMATION

Proxy Statement Pursuant to Section 14(a) of the
Securities Exchange Act of 1934

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Advent Claymore Convertible Securities and Income Fund
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Advent/Claymore Enhanced Growth & Income Fund
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(Name of Registrants as Specified in Their Charters)

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ADVENT CAPITAL MANAGEMENT, LLC

[CLAYMORE(R) LOGO]

ADVENT CLAYMORE CONVERTIBLE SECURITIES AND INCOME FUND (NYSE: AVK)
ADVENT/CLAYMORE ENHANCED GROWTH & INCOME FUND (NYSE: LCM)
1065 AVENUE OF THE AMERICAS, 31ST FLOOR
NEW YORK, NEW YORK 10018

NOTICE OF JOINT ANNUAL MEETING OF SHAREHOLDERS
TO BE HELD ON SEPTEMBER 19, 2006

Notice is hereby given to the shareholders of each of Advent Claymore
Convertible Securities and Income Fund ("AVK") and Advent/Claymore Enhanced
Growth & Income Fund ("LCM") (collectively, the "Trusts") that the Joint Annual
Meeting of Shareholders of the Trusts (the "Annual Meeting") will be held at the
offices of the Trusts' counsel, Skadden, Arps, Slate, Meagher & Flom LLP, 4
Times Square, New York, New York 10036 on Tuesday, September 19, 2006, at 12:30
p.m. (Eastern time). The Annual Meeting is being held for the following
purposes:

MATTERS TO BE VOTED UPON BY ALL SHAREHOLDERS

1. For LCM, to elect two Trustees, each to hold office for the term
indicated in the attached Proxy Statement and until their successors
shall have been elected and qualified;

2. For AVK, to elect two Trustees, each to hold office for the term
indicated in the attached Proxy Statement and until their successors
shall have been elected and qualified;

3. To transact such other business as may properly come before the Annual
Meeting or any adjournments or postponements thereof.

THE BOARD OF TRUSTEES (THE "BOARD") OF EACH TRUST, INCLUDING THE
INDEPENDENT TRUSTEES, UNANIMOUSLY RECOMMENDS THAT YOU VOTE "FOR" EACH OF THE
PROPOSALS.

The Board of each Trust has fixed the close of business on August 14, 2006
as the record date for the determination of shareholders entitled to notice of,
and to vote at, the Annual Meeting. We urge you to mark, sign, date, and mail
the enclosed proxy or proxies in the postage-paid envelope provided or record
your voting instructions via telephone or the internet so you will be
represented at the Annual Meeting.

By order of the
Board of each Trust

/s/ Rodd Baxter

Rodd Baxter, Secretary of each Trust

New York, New York
August 21, 2006

IT IS IMPORTANT THAT YOUR SHARES BE REPRESENTED AT THE ANNUAL MEETING IN
PERSON OR BY PROXY. WHETHER OR NOT YOU PLAN TO ATTEND THE ANNUAL MEETING, PLEASE
VOTE BY TELEPHONE, INTERNET OR MAIL. IF VOTING BY MAIL PLEASE SIGN, DATE AND
RETURN THE ENCLOSED PROXY CARD IN THE ACCOMPANYING POSTAGE-PAID ENVELOPE. IF YOU
ATTEND THE ANNUAL MEETING AND WISH TO VOTE IN PERSON, YOU WILL BE ABLE TO DO SO
AND YOUR VOTE AT THE ANNUAL MEETING WILL REVOKE ANY PROXY YOU MAY HAVE
SUBMITTED. MERELY ATTENDING THE MEETING, HOWEVER, WILL NOT REVOKE ANY PREVIOUSLY
GIVEN PROXY. YOUR VOTE IS EXTREMELY IMPORTANT. NO MATTER HOW MANY OR HOW FEW
SHARES YOU OWN, PLEASE SEND IN YOUR PROXY CARD (OR VOTE BY TELEPHONE OR THROUGH
THE INTERNET PURSUANT TO THE INSTRUCTIONS CONTAINED ON THE PROXY CARD) TODAY.

ADVENT CLAYMORE CONVERTIBLE SECURITIES AND INCOME FUND (NYSE: AVK)
ADVENT/CLAYMORE ENHANCED GROWTH & INCOME FUND (NYSE: LCM)
PROXY STATEMENT
FOR
JOINT ANNUAL MEETING OF SHAREHOLDERS
TO BE HELD ON SEPTEMBER 19, 2006

This document will give you the information you need to vote on the matters
listed on the accompanying Notice of Joint Annual Meeting of Shareholders
("Notice of Joint Annual Meeting"). Much of the information in this joint proxy
statement ("Proxy Statement") is required under rules of the Securities and
Exchange Commission ("SEC"); some of it is technical. If there is anything you
don't understand, please contact us at our toll-free number, 866.274.2227.

This Proxy Statement is furnished in connection with the solicitation by
the Board of Trustees (the "Board") of each Trust of proxies to be voted at the
Joint Annual Meeting of Shareholders of the Trusts to be held on Tuesday,
September 19, 2006, and any adjournment or postponement thereof (the "Annual
Meeting"). The Annual Meeting will be held at the offices of the Trusts'
counsel, Skadden, Arps, Slate, Meagher & Flom LLP, 4 Times Square, New York, New
York 10036, on September 19, 2006, at 12:30 p.m. (Eastern time). This Proxy
Statement and the enclosed proxy card(s) ("proxy") are first being sent to the
Trusts' shareholders on or about August 24, 2006.

- WHY IS A SHAREHOLDER MEETING BEING HELD?

Because the common shares of each Trust are listed on the New York
Stock Exchange ("NYSE"), which requires each Trust to hold an annual
meeting of shareholders.

- WHAT PROPOSALS (EACH A "PROPOSAL," AND COLLECTIVELY THE "PROPOSALS")
WILL BE VOTED ON?

A. Shareholders of LCM are being asked to elect two nominees to the
Board of LCM ("Proposal A").

B. Shareholders of AVK are being asked to elect two nominees to the
Board of AVK ("Proposal B").

- WILL YOUR VOTE MAKE A DIFFERENCE?

YES! Your vote is important and could make a difference in the
governance of the Trust(s), no matter how many shares you own.

- WHO IS ASKING FOR YOUR VOTE?

The enclosed proxy is solicited by the Board of each Trust for use at
the Annual Meeting to be held on Tuesday, September 19, 2006, and, if
the Annual Meeting is adjourned or postponed, at any later meetings,
for the purposes stated in the Notice of Joint Annual Meeting. The
Notice of Joint Annual Meeting, the proxy and this Proxy Statement are
being mailed on or about August 24, 2006.

- HOW DOES THE BOARD RECOMMEND THAT SHAREHOLDERS VOTE ON THE PROPOSALS?

The Board unanimously recommends that you vote "for" each Proposal on
which you are entitled to vote.

- WHO IS ELIGIBLE TO VOTE?

Shareholders of record of LCM at the close of business on August 14,
2006, are entitled to be present and to vote on Proposal A at the
Annual Meeting or any adjournment or postponement thereof.
Shareholders of record of AVK at the close of business on August 14,
2006, are entitled to be present and to vote on Proposal B at the
Annual Meeting or any adjournment or postponement thereof. Each share
is entitled to one vote on those Proposals on which holders of those
shares are entitled to vote. Shares represented by duly executed
proxies will be voted in accordance with your instructions. If you
sign the proxy, but don't fill in a vote, your shares will be voted in
accordance with your Board's recommendation. If any other business is
brought before your Trust's Annual Meeting, your shares will be voted
at your proxy's discretion unless you specify otherwise in your proxy.

- WHY DOES THIS PROXY STATEMENT LIST TWO CLOSED-END FUNDS?

The Trusts have at least one similar proposal and it is cost-efficient
to have a joint proxy statement and one annual meeting. In the event
that any shareholder present at the Annual Meeting objects to the
holding of a joint meeting and moves for the adjournment of his or her
Trust's meeting to a time immediately after the Annual Meeting so that
each Trust's meeting may be held separately, the persons

named as proxies will vote in favor of such adjournment. Shareholders
of each Trust will vote separately on the respective Proposals
relating to their Trust. In any event, an unfavorable vote on any
Proposal by the shareholders of one Trust will not affect the
implementation of such Proposal by the other Trust if the Proposal is
approved by the shareholders of that Trust.

- HOW MANY SHARES OF EACH TRUST WERE OUTSTANDING AS OF THE RECORD DATE?

At the close of business on August 14, 2006, AVK had 23,352,573.7720
common shares outstanding and 11,000 Auction Market Preferred Shares
outstanding and LCM had 13,580,240 common shares outstanding.

THE PROPOSALS: TO ELECT TRUSTEES

- WHO ARE THE NOMINEES FOR TRUSTEE?

ADVENT CLAYMORE CONVERTIBLE SECURITIES AND INCOME FUND (AVK)

The Trustees of AVK are classified into three classes of Trustees. Set
forth below are the current Class I Trustees, Class II Trustees and Class III
Trustees:

CLASS I TRUSTEES OF AVK
-Mr. Gerald L. Seizert, Mr. Derek Medina and Mr. Randall C. Barnes are
the Class I Trustees of AVK. It is currently anticipated that they will
stand for re-election at the Trusts' 2007 joint annual meeting of
shareholders.

CLASS II TRUSTEES OF AVK
-Mr. Michael A. Smart*, Mr. Ronald A. Nyberg* and Mr. Daniel L. Black
are the Class II Trustees of AVK. It is currently anticipated that they
will stand for re-election at the Trusts' 2008 joint annual meeting of
shareholders.

CLASS III TRUSTEES OF AVK
-Mr. Tracy V. Maitland and Mr. Nicholas Dalmaso are the Class III
Trustees of AVK. They are standing for re-election at the Annual
Meeting.

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* Designated as Trustees representing the Trust's preferred shareholders.

As indicated above, shareholders of AVK are being asked to elect the
following two nominees as Trustees of AVK at the Annual Meeting: Mr. Tracy
V.Maitland and Mr. Nicholas Dalmaso as Class III Trustees. The holders of AVK's
common shares and Auction Market Preferred Shares will have equal voting rights
(i.e., one vote per share) and will vote together as a single class with respect
to the election of each of Mr. Tracy V. Maitland and Mr. Nicholas Dalmaso as
Class III Trustees of AVK.

Each Class III Trustee of AVK, if elected, will hold office for three years
or until his successor shall have been elected and qualified. The other Trustees
of AVK will continue to serve under their current terms and will be elected at
subsequent annual meetings of shareholders as indicated above. Mr. Tracy V.
Maitland and Mr. Nicholas Dalmaso are currently Class III Trustees of AVK.
Unless authority is withheld, it is the intention of the persons named in the
proxy to vote the proxy "FOR" the election of the Class III Trustees named
above. Each Class III Trustee of AVK has indicated that he has consented to
serve as a Trustee of AVK if elected at the Annual Meeting. If a designated
Trustee nominee declines or otherwise becomes unavailable for election, however,
the proxy confers discretionary power on the persons named therein to vote in
favor of a substitute Trustee nominee or nominees.

ADVENT/CLAYMORE ENHANCED GROWTH & INCOME FUND (LCM)

The Trustees of LCM are classified into three classes of Trustees: Class I
Trustees, Class II Trustees and Class III Trustees as follows:

CLASS I TRUSTEES OF LCM
-Mr. Michael A. Smart, Mr. Ronald A. Nyberg and Mr. Daniel L. Black are
the Class I Trustees of LCM. It is currently anticipated that they will
stand for re-election at the Trusts' 2008 joint annual meeting of
shareholders.

CLASS II TRUSTEES OF LCM
-Mr. Tracy V. Maitland and Mr. Nicholas Dalmaso are the Class II
Trustees of LCM. They are standing for re-election at the Annual
Meeting.

CLASS III TRUSTEES OF LCM
-Mr. Gerald L. Seizert, Mr. Derek Medina and Mr. Randall C. Barnes are
the Class III Trustees of LCM. It is currently anticipated that they
will stand for re-election at the Trusts' 2007 joint annual meeting of
shareholders.

As indicated above, shareholders are being asked to elect the following
two Class II Trustees at the Annual Meeting: Mr. Tracy V. Maitland and Mr.
Nicholas Dalmaso. The holders of LCM's common shares will have equal voting
rights (i.e., one vote per share) and will vote together as a single class
with respect to the election of each Class II Trustee.

Each Class II Trustee of LCM, if elected, will hold office for three years
or until his successor shall have been elected and qualified. The other Trustees
of LCM will continue to serve under their current terms and will be elected at
subsequent annual meetings of shareholders as indicated above. Mr. Tracy V.
Maitland and Mr. Nicholas Dalmaso are currently Trustees of LCM. Unless
authority is withheld, it is the intention of the persons named in the proxy to
vote the proxy "FOR" the election of the Class II Trustees of LCM named above.
Each Class II Trustee of LCM has indicated that he has consented to serve as a
Trustee of LCM if elected at the Annual Meeting. If a designated Trustee nominee
declines or otherwise becomes unavailable for election, however, the proxy
confers discretionary power on the persons named therein to vote in favor of a
substitute Trustee nominee or nominees.

Certain information concerning the current Trustees, the Trustee nominees
and the officers of each of the Trusts is set forth in the table below. Except
as indicated in the chart below, each individual has held the office shown or
other offices in the same company since each of the Trusts commenced their
respective operations. The "interested" Trustees (as defined in Section 2(a)(19)
of the Investment Company Act of 1940, as amended (the "1940 Act")) are
indicated by an asterisk(*). Independent Trustees are those who are not
interested persons of (i) the Trust, (ii) AVK's investment advisor and LCM's
investment manager, Advent Capital Management, LLC ("Advent"), (iii) Claymore
Securities, Inc., AVK's shareholder servicing agent or (iv) Claymore Advisors,
LLC ("Claymore"), LCM's investment advisor, and who satisfy the requirements
contained in the definition of "independent" as defined in Rule 10A-3 of the
Securities Exchange Act of 1934 (the "Independent Trustees"). Mr. Randall C.
Barnes and Mr. Daniel L. Black have served as Trustees of LCM and AVK since
September 20, 2005. All other Trustees of LCM have served in such capacity since
March 30, 2004 and all other Trustees of AVK have served in such capacity since
March 27, 2003. AVK and LCM are the only registered funds in the Advent Claymore
fund complex. The business address of each current Trustee and officer is c/o
Advent Capital Management, LLC, 1065 Avenue of the Americas, 31st Floor, New
York, New York 10018.

TRUSTEES AND TRUSTEE NOMINEES

NUMBER OF
PORTFOLIOS
IN FUND
POSITION COMPLEX
HELD PRINCIPAL OCCUPATION OVERSEEN OTHER DIRECTORSHIPS
NAME AND AGE WITH TRUST DURING THE PAST FIVE YEARS BY TRUSTEE HELD BY TRUSTEE
------------ ---------- ------------------------------- ---------- ------------------------------------

INTERESTED TRUSTEES:

Tracy V.Maitland* Trustee, President of Advent Capital 2 None.
Age: 46 Chairman, Management, LLC, which he
President founded in June, 2001. Prior
and Chief to June, 2001, President of
Executive Advent Capital Management, a
Officer(1) division of Utendahl Capital.

INTERESTED TRUSTEES:

Nicholas Dalmaso* Trustee(1) Senior Managing Director and 2 Trustee, MBIA Capital/Claymore
Age: 41 General Counsel of Claymore Managed Duration Investment
Advisors, LLC and Claymore Grade Municipal Fund; Western
Securities, Inc. Asset/Claymore U.S. Treasury
(2001-present). President and Inflation Protected Securities Fund;
Secretary of Claymore Western Asset/Claymore U.S.
Investments, Inc. Treasury Inflation Protected
(2004-present). Formerly, Securities Fund 2;
Assistant General Counsel, John Dreman/Claymore Dividend &
Nuveen and Company Inc. (asset Income Fund; TS&W/Claymore
manager) (1999-2001). Former Tax-Advantaged Balanced Fund;
Vice President and Associate Madison/Claymore Covered Call
General Counsel of Van Kampen Fund; Fiduciary/Claymore MLP
Investments, Inc. (1992-1999). Opportunity Fund;
Fiduciary/Claymore Dynamic
Equity Fund; Old Mutual/Claymore
Long-Short Fund;
Claymore/Raymond James SB-1
Equity Fund; the funds in the
Claymore family of mutual funds(3);
and the funds advised and
distributed by Claymore
Investments, Inc.(4)

INDEPENDENT TRUSTEES:

Derek Medina(1) Trustee Vice President, Business 2 Director of Young Scholars'
Age: 39 Affairs and News Planning at Institute. Former Director of
ABC News from 2003-present. Episcopal Social Services.
Formerly, Executive Director,
Office of the President at ABC
News (2000-2003). Former
Associate at Cleary Gottlieb
Steen & Hamilton (law firm)
(1995-1998). Former associate
in Corporate Finance at J.P.
Morgan/Morgan Guaranty
(1988-1990).

Ronald A. Nyberg(1) Trustee Principal of Ronald A. Nyberg, 2 Trustee, MBIA Capital/Claymore
Age: 53 Ltd., a law firm specializing Managed Duration Investment
in corporate law, estate Grade Municipal Fund; Western
planning and business Asset/Claymore U.S. Treasury
transactions from 2000-present. Inflation Protected Securities Fund;
Formerly, Executive Vice Western Asset/Claymore U.S.
President, General Counsel and Treasury Inflation Protected
Corporate Secretary of Van Securities Fund 2;
Kampen Investments (1982-1999). Dreman/Claymore Dividend &
Income Fund; TS&W/Claymore
Tax-Advantaged Balanced Fund;
Madison/Claymore Covered Call
Fund; Fiduciary/Claymore MLP
Opportunity Fund;
Fiduciary/Claymore Dynamic
Equity Fund; Old Mutual/Claymore
Long-Short Fund;
Claymore/Raymond James SB-1
Equity Fund; and the funds in the
Claymore family of mutual funds.(3)

INDEPENDENT TRUSTEES:

Gerald L. Seizert(1) Trustee Chief Executive Officer of 2 Former Director of Loomis, Sayles
Age: 54 Seizert Capital Partners, LLC, and Co., L.P.
where he directs the equity
disciplines of the firm and
serves as a co-manager of the
firm's hedge fund, Proper
Associates, LLC from
2000-present. Formerly Co-Chief
Executive (1998-1999) and a
Managing Partner and Chief
Investment Officer-Equities of
Munder Capital Management, LLC
(1995-1999). Former Vice
President and Portfolio Manager
of Loomis, Sayles & Co., L.P.
(asset manager) (1984-1995).
Former Vice President and
Portfolio Manager at First of
America Bank (1978-1984).

Michael A. Smart(1) Trustee Managing Partner, Cordova, 2 Director, Country Pure Foods,
Age: 46 Smart & Williams LLC, Berkshire Blanket, Inc.
(2003-Present). Principal
Advisor, First Atlantic Capital
Ltd., a private equity firm
(2001-2005). Managing Director,
The Private Equity Group
(1995-2001); Vice President,
Corporate Finance (1992-1995)
Merrill Lynch & Co. Founding
Partner, The Carpediem Group, a
private placement firm
(1991-1992). Associate, Mergers
& Acquisitions, Dillon, Read
and Co. (investment bank)
(1988-1990).

Daniel L. Black(2) Trustee Partner, The Wicks Group of 2 None.
Age: 46 Companies, LLC (2003-present).
Formerly, Managing Director and
Co-head of the Merchant Banking
Group at BNY Capital Markets, a
division of The Bank of New
York Company, Inc. (1998-2003).

Randall C. Barnes(2) Trustee Investor (2001-present). 2 Trustee, Madison/Claymore
Age: 54 Formerly, Senior Vice President Covered Call Fund;
and Treasurer (1993-1997) and Fiduciary/Claymore MLP
President, Pizza Hut Opportunity Fund;
International (1991-1993) and Fiduciary/Claymore Dynamic
Senior Vice President, Equity Fund; TS&W/Claymore
Strategic Planning and New Tax-Advantaged Balanced Fund;
Business Development Old Mutual/Claymore Long-Short
(1987-1990) of PepsiCo, Inc. Fund; Claymore/Raymond James
(1987-1997). SB-1 Equity Fund; the funds in the
Claymore family of mutual funds(3);
and the funds advised and distributed
by Claymore Investments, Inc.(4)
Director, Lykes Bros.

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* "Interested person" of each Trust as defined in the 1940 Act. Mr. Maitland
is an interested person due to his relationship with Advent. Mr. Dalmaso in
an interested person due to his relationship with the Claymore entities
that serve as LCM's investment manager and AVK's shareholder servicing
agent.
(1) Trustee since commencement of operation of each Trust. After a Trustee's
initial term, each Trustee is expected to serve a three year term
concurrent with the class of Trustees for which he serves.
(2) Trustee since September 20, 2005. After a Trustee's initial term, each
Trustee is expected to serve a three year term concurrent with the Class of
Trustees for which he serves.
(3) The Claymore family of mutual funds includes five open-end investment
companies.
(4) Claymore Investments, Inc. distributed and advises four closed-end funds
and one ETF.

EXECUTIVE OFFICERS

OFFICERS:

PRINCIPAL OCCUPATION DURING
NAME AND AGE TITLE THE PAST FIVE YEARS
----------------------- ----------------------------- ------------------------------------------

F. Barry Nelson Vice President and Assistant Advent Capital Management, LLC: Senior
Age: 63 Secretary of AVK, Vice Vice President, Co-Portfolio Manager and
President of LCM Research Director, June 2001 to present.
Prior to June 2001, Mr. Nelson held the
same position at Advent Capital
Management, a division of Utendahl
Capital.

Rodd Baxter Secretary and Chief Advent Capital Management, LLC: General
Age: 56 Compliance Officer of both Counsel--Legal, 2002 to present; SG Cowen
AVK and LCM Securities Corporation: Director and
Senior Counsel, 1998-2002.

Robert White(1) Treasurer and Chief Financial Chief Financial Officer, Advent Capital
Age: 41 Officer of both AVK and LCM Management, LLC, July 2005 to present.
Previously, Vice President, Client Service
Manager, Goldman Sachs Prime Brokerage,
1997-2005.

Steven M. Hill Assistant Treasurer of LCM Senior Managing Director and Chief
Age: 41 Financial Officer of Claymore Advisors,
LLC and Claymore Securities, Inc.
Previously, Treasurer of Henderson Global
Funds and Operations Manager for Henderson
Global Investors (North America) Inc.,
from 2002-2003; Managing Director,
FrontPoint Partners LLC (2001-2002); Vice
President, Nuveen Investments (1999-2001).

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(1) Mr. White has held his current position since September 20, 2005.

- DOES THE BOARD HAVE ANY COMMITTEES?

Yes. The Trustees have determined that the efficient conduct of the Trusts'
affairs makes it desirable to delegate responsibility for certain specific
matters to committees of the Boards. The committees meet as often as
necessary, either in conjunction with regular meetings of the Trustees or
otherwise. Two of the committees of the Board are the Audit Committee and
the Nominating Committee.

AUDIT COMMITTEE

Each Trust has an Audit Committee, composed of all of the Independent
Trustees, which is charged with selecting a firm of independent registered
public accountants for the applicable Trust and reviewing accounting
matters with the accountants. The Board of each Trust has determined
that all of the members of the Audit Committee are audit committee
financial experts and are independent for the purpose of the definition
of audit committee financial expert as applicable to each Trust.

The Audit Committee of each Trust presents the following report:

The Audit Committee of each Trust has performed the following functions:
(i) the Audit Committee reviewed and discussed the audited financial
statements of each Trust with management of each Trust, (ii) the Audit
Committee discussed with the independent registered public accounting firm
the matters required to be discussed by the Statement on Auditing Standards
No. 61, (iii) the Audit Committee received the written disclosures and the
letter from the independent registered public accounting firm required by
ISB Standard No. 1 and has discussed with the independent registered public
accounting firm the auditors' independence and (iv) the Audit Committee
recommended to the Board of Trustees of each Trust that the financial
statements be included in each Trust's Annual Report for the past fiscal
year.

The Audit Committee of each Trust is governed by a written charter. AVK's
Board approved its charter on March 27, 2003 and LCM's Board approved its
charter on March 30, 2004.

NOMINATING COMMITTEE

The Board of each Trust has a Nominating Committee, which performs the
functions set forth in the Joint Nominating Committee Charter of the
Trusts. The Nominating Committee is composed of all of the Independent
Trustees. Each Trust's Independent Trustees meet regularly as a group in
executive session as the Nominating Committee.

As part of its duties, the Nominating Committee makes recommendations to
the full Board of each Trust with respect to candidates for the Board. The
Nominating Committee will consider trustee candidates recommended by
shareholders. In considering candidates submitted by shareholders, the
Nominating Committee will take into consideration the needs of each Board
and the qualifications of the candidate. The Nominating Committee may
also take into consideration the number of shares held by the recommending
shareholder and the length of time that such shares have been held. To
have a candidate

considered by the Nominating Committee, a shareholder must submit the
recommendation in writing and must include:

- The name of the shareholder and evidence of the person's ownership
of shares of the applicable Trust(s), including the number of
shares owned and the length of time of ownership; and

- The name of the candidate, the candidate's resume or a listing of
his or her qualifications to be a Trustee of the Trust(s) and the
person's consent to be named as a Trustee if selected by the
Nominating Committee and nominated by the Board.

The shareholder recommendation and information described above must be sent
to the applicable Trust's Secretary, c/o Advent Capital Management, LLC,
1065 Avenue of the Americas, 31st Floor, New York, New York 10018 and must
be received by the Secretary not less than 120 days prior to the
anniversary date of the Trust's most recent annual meeting of shareholders.
The Nominating Committee believes that the minimum qualifications for
serving as a Trustee of the Trust(s) are that a candidate demonstrate, by
significant accomplishment in his or her field, an ability to make a
meaningful contribution to the Board's oversight of the business and
affairs of the Trust(s) and have an impeccable record and reputation for
honest and ethical conduct in both his or her professional and personal
activities. In addition, the Nominating Committee examines a candidate's
specific experiences and skills, time availability in light of other
commitments, potential conflicts of interest and independence from
management and the Trust(s). The Nominating Committee also seeks to have
the Board represent a diversity of backgrounds and experience.

The Joint Nominating Committee Charter of the Trusts is not available on
the Trusts' website. It was attached as an appendix to the Trusts' 2005
proxy statement.

- DO THE TRUSTS HAVE A POLICY WITH RESPECT TO THE ATTENDANCE OF TRUSTEES AT
THE ANNUAL MEETING?

It is the Trusts' policy to encourage Trustees to attend annual meetings.
At the joint annual meeting of the Trusts held on September 20, 2005, all
Trustees attended in person, with the exception of Mr. Randall C. Barnes,
who attended telephonically.

- HOW CAN THE TRUSTS' SHAREHOLDERS SEND COMMUNICATIONS TO THE TRUSTEES?

Shareholders and other interested parties may contact the Boards or any
member of the Boards by mail. To communicate with the Boards or any member
of the Boards, correspondence should be addressed to the Board or the Board
members with whom you wish to communicate by either name or title. All such
correspondence should be sent c/o the Secretary of the Trust or Trusts at
1065 Avenue of the Americas, 31st Floor, New York, New York 10018.

- HOW LARGE A STAKE DO THE TRUSTEES HAVE IN THE TRUSTS?

As of August 14, 2006, the Trustees owned shares of common stock of the
Trusts in the following amounts:

AGGREGATE DOLLAR RANGE OF
EQUITY SECURITIES
OVERSEEN BY TRUSTEES IN
FAMILY OF
NAME OF TRUSTEE OR DOLLAR RANGE OF EQUITY DOLLAR RANGE OF EQUITY REGISTERED INVESTMENT
TRUSTEE NOMINEE SECURITIES IN AVK SECURITIES IN LCM COMPANIES(*)
------------------ ---------------------- ---------------------- -------------------------

Tracy V. Maitland over $100,000 $10,001 - $50,000 over $100,000
Nicholas Dalmaso None None None
Derek Medina $1 - $10,000 $1 - $10,000 $1 - $10,000
Ronald A. Nyberg $10,001 - $50,000 $1 - $10,000 $10,001 - $50,000
Gerald L. Seizert None $10,001 - $50,000 $10,001 - $50,000
Michael A. Smart $10,001 - $50,000 None $10,001 - $50,000
Daniel L. Black $50,001 - $100,000 $50,001-$100,000 over $100,000
Randall C. Barnes $10,001 - $50,000 over $100,000 over $100,000

----------
* The "family of registered investment companies" includes only the Trusts.

As of August 14, 2006, each Trustee and the Trustees and officers of the
Trust as a group owned less than 1% of the outstanding shares of any class
of each Trust.

- HOW OFTEN DO THE TRUSTEES MEET?

Four meetings of the Board of LCM were held during its last fiscal year
between November 1, 2004 and October 31, 2005. Four meetings of the Board
of AVK were held during its last fiscal year between November 1, 2004 and
October 31, 2005.

One meeting of the Audit Committee of LCM was held during its last fiscal
year between November 1, 2004 and October 31, 2005. Two meetings of the
Audit Committee of AVK were held during its last fiscal year between
November 1, 2004 and October 31, 2005.

Each Trustee of LCM attended at least 75% of the aggregate of: (i) all
regular meetings of the Board of LCM held during the period from November
1, 2004 through October 31, 2005; and (ii) all meetings of all committees
of the Board of LCM on which the Trustee served held during the period from
November 1, 2004 through October 31, 2005.

Each Trustee of AVK attended at least 75% of the aggregate of: (i) all
regular meetings of the Board of AVK held during the period from November
1, 2004 through October 31, 2005; and (ii) all meetings of all committees
of the Board of AVK on which the Trustee served held during the period from
November 1, 2004 through October 31, 2005.

- WHAT ARE THE TRUSTEES PAID FOR THEIR SERVICES?

The following table provides information regarding the compensation of the
Trusts' Trustees. This table assumes that each Trust had a full fiscal year
of operations:

TOTAL COMPENSATION
NAME OF BOARD MEMBER COMPENSATION FROM AVK COMPENSATION FROM LCM FROM THE FUND COMPLEX
-------------------- --------------------- --------------------- ---------------------

Tracy V. Maitland $ 0 $ 0 $ 0
Nicholas Dalmaso $ 0 $ 0 $ 0
Derek Medina $ 22,500 $ 22,500 $ 45,000
Ronald A. Nyberg $ 24,000 $ 24,000 $ 48,000
Gerald L. Seizert $ 24,000 $ 24,000 $ 48,000
Michael A. Smart $ 22,500 $ 22,500 $ 45,000
Daniel L. Black $ 22,500 $ 22,500 $ 45,000
Randall C. Barnes $ 22,500 $ 22,500 $ 45,000

THE BOARD OF THE TRUSTS, INCLUDING THE INDEPENDENT TRUSTEES, UNANIMOUSLY
RECOMMENDS THAT YOU VOTE "FOR" THE PROPOSALS.

FURTHER INFORMATION ABOUT VOTING AND THE ANNUAL MEETING

The cost of soliciting proxies will be borne by each Trust in proportion to
the amount of proxies solicited on behalf of a Trust to the total proxies
solicited on behalf of both of the Trusts. In addition, certain officers,
trustees, directors and employees of the Trust, Advent and Claymore (none of
whom will receive additional compensation therefor) may solicit proxies by
telephone or mail.

Information regarding how to vote via telephone or internet is included on
the enclosed proxy card.

The affirmative vote of a majority of the shares present for each Trust at
the Annual Meeting at which a quorum (i.e., a majority of the shares entitled to
vote on the applicable Proposals is present) is necessary to approve the
Proposal for each respective Trust.

Abstentions and "broker non-votes" (i.e., shares held by brokers or
nominees as to which (i) instructions have not been received from the beneficial
owner or the persons entitled to vote and (ii) the broker does not have
discretionary voting power on a particular matter) will be counted as shares
present at the Meeting and will not affect the result of the vote on the
Proposals.

All properly executed proxies received prior to the Annual Meeting will be
voted at the Annual Meeting in accordance with the instructions marked thereon
or otherwise as provided therein. Shareholders may revoke their proxies at any
time prior to the time they are voted by giving written notice to the Secretary
of the Trust, by delivering a subsequently dated proxy prior to the date of the
Annual Meeting or by attending and voting at the Annual Meeting.

The Board of each Trust has fixed the close of business on August 14, 2006
as the record date for the determination of shareholders of the Trust entitled
to notice of, and to vote at, the Annual Meeting. Shareholders

of each Trust on that date will be entitled to one vote on each matter to be
voted on by that Trust for each share held and a fractional vote with respect
to each fractional share with no cumulative voting rights.

INVESTMENT ADVISOR AND INVESTMENT MANAGER

Advent Capital Management, LLC acts as AVK's investment advisor and LCM's
investment manager. Advent is responsible for making investment decisions with
respect to the investment of the Trusts' assets. Advent is located at 1065
Avenue of the Americas, 31st Floor, New York, New York 10018. As of June 30,
2006, Advent had approximately $2.7 billion in assets under management.

Claymore Advisors, LLC acts as LCM's investment advisor. Claymore is
responsible for monitoring the investment decisions with respect to the
investment of LCM's assets by Advent. Claymore is located at 2455 Corporate West
Drive, Lisle, IL 60532. As of June 30, 2006, Claymore entities have provided
supervision, management, servicing or distribution on approximately $14 billion
in assets through closed-end funds, unit investment trusts, mutual funds,
separately managed accounts and exchange-traded funds.

INDEPENDENT AUDITORS

PricewaterhouseCoopers LLP ("PWC") has been selected as the Trusts'
independent registered public accounting firm by the Audit Committee of each
Trust and ratified by a majority of each Trust's Board, including a majority of
the Independent Trustees, by vote cast in person, to audit the accounts of each
Trust for and during each Trust's fiscal years ending in 2005 and 2006. The
Trust does not know of any direct or indirect financial interest of PWC in the
Trusts.

Representatives of PWC will attend the Annual Meeting either in person or
telephonically, will have the opportunity to make a statement if they desire to
do so and will be available to answer questions.

ADMINISTRATOR

The Bank of New York, located at One Wall Street, New York, New York 10286,
serves as the Trusts' administrator.

AUDIT FEES

The aggregate fees billed to AVK by PWC for professional services rendered
for the audit of AVK's annual financial statements for the period from November
1, 2003 through October 31, 2004 were $70,000. The aggregate fees billed to AVK
by PWC for professional services rendered for the audit of AVK's annual
financial statements for the period from November 1, 2004 through October 31,
2005 were $70,000.

The aggregate fees billed to LCM by PWC for professional services rendered
for the "seed capital" audit of LCM for the period from January 30, 2004
(inception of LCM) through October 31, 2004 were $25,000. The aggregate fees
billed to LCM by PWC for professional services rendered for the audit of LCM's
annual financial statements for the period from November 1, 2004 through October
31, 2005 were $80,000.

AUDIT-RELATED FEES

The aggregate fees billed by PWC and approved by the Audit Committee of
AVK for the period from November 1, 2003 through October 31, 2004 for
assurance and related services reasonably related to the performance of the
audit of AVK's annual financial statements were $37,500 (such fees relate to
the performance by PWC of agreed-upon procedures in connection with AVK's
Auction Market Preferred Shares and for services rendered, and out of pocket
expenses incurred, in connection with AVK's registration statements, comfort
letters and consents). The aggregate fees billed by PWC and approved by the
Audit Committee of AVK for the period from November 1, 2004 through October
31, 2005 for assurance and related services reasonably related to the
performance of the audit of AVK's annual financial statements were $15,000
(such fees relate to the performance by PWC of agreed-upon procedures in
connection with AVK's Auction Market Preferred Shares). The aggregate fees
billed by PWC and approved by the Audit Committee of LCM for the period from
January 30, 2004 (inception of LCM) through October 31, 2004 for assurance
and related services reasonably related to the performance of the audit of
LCM's financial statements were $0. The aggregate fees billed by PWC and
approved by the Audit Committee of LCM for the period from November 1, 2004
through October 31, 2005 for assurance and related services reasonably
related to the performance of the audit of LCM's financial statements

were $0. PWC did not perform any other assurance and related services that
were required to be approved by either Trust's Audit Committee for such
period.

TAX FEES

The aggregate fees billed by PWC and approved by the Audit Committee of AVK
for the period from November 1, 2003 through October 31, 2004 for professional
services rendered for tax compliance, tax advice, and tax planning were $6,500
(such fees relate to tax services provided by PWC in connection with AVK's
excise tax calculations and review of AVK's tax returns). The aggregate fees
billed by PWC and approved by the Audit Committee of AVK for the period from
November 1, 2004 through October 31, 2005 for professional services rendered for
tax compliance, tax advice, and tax planning were $8,500 (such fees relate to
tax services provided by PWC in connection with AVK's excise tax calculations
and review of AVK's tax returns). The aggregate fees billed by PWC and approved
by the Audit Committee of LCM for the period from January 30, 2004 (inception of
LCM) through October 31, 2004 for professional services rendered for tax
compliance, tax advice, and tax planning were $0. The aggregate fees billed by
PWC and approved by the Audit Committee of LCM for the period from November 1,
2004 through October 31, 2005 for professional services rendered for tax
compliance, tax advice, and tax planning were $8,500 (such fees relate to tax
services provided by PWC in connection with LCM's excise tax calculations and
review of LCM's tax returns). PWC did not perform any other tax compliance or
tax planning services or render any tax advice that were required to be approved
by the Trusts' Audit Committee for such period.

ALL OTHER FEES

Neither Trust paid PWC for services other than those described above during
the last two fiscal years (or periods).

AGGREGATE NON-AUDIT FEES

The aggregate non-audit fees billed by PWC from November 1, 2003 to October
31, 2004 for services rendered to AVK were $0.

The aggregate non-audit fees billed by PWC from November 1, 2004 through
October 31, 2005 for services rendered to AVK were $23,500.

The aggregate non-audit fees billed by PWC from January 30, 2004 (inception
of LCM) through October 31, 2004 for services rendered to LCM were $0.

The aggregate non-audit fees billed by PWC from November 1, 2004 through
October 31, 2005 for services rendered to LCM were $8,500.

In addition, the aggregate non-audit fees billed by PWC for the period from
November 1, 2003 through October 31, 2004 for services rendered to Advent, or
any entity controlling, controlled by, or under common control with Advent that
provides ongoing services to the Trusts were $7,000.

The aggregate non-audit fees billed by PWC for the period from November 1,
2004 to October 31, 2005 for services rendered to Advent, or any entity
controlling, controlled by, or under common control with Advent that provides
ongoing services to the Trusts were $7,500.

The aggregate non-audit fees billed by PWC for the period from January 30,
2004 (inception of LCM) through October 31, 2004 for services rendered to
Claymore, or any entity controlling, controlled by, or under common control with
Claymore that provides ongoing services to LCM were $0.

The aggregate non-audit fees billed by PWC for the period from November 1,
2004 through October 31, 2005 for services rendered to Claymore, or any entity
controlling, controlled by or under common control with Claymore that provides
ongoing services to LCM were $0.

AUDIT COMMITTEE'S PRE-APPROVAL POLICIES AND PROCEDURES

On June 19, 2003, the Audit Committee of AVK adopted Pre-Approval
Policies and Procedures. On March 30, 2004, the Audit Committee of LCM
adopted Pre-Approval Policies and Procedures. Since the adoption of such
policies and procedures, the Audit Committee of the Trusts has pre-approved
all audit and non-audit services provided by PWC to the Trusts, and all
non-audit services provided by PWC to Advent and Claymore, or any entity
controlling, controlled by, or under common control with Advent or Claymore,
as

applicable, that provides ongoing services to the Trusts which are related to
the operations of the Trusts. The Audit Committee of AVK has considered
whether the provision of non-audit services that were rendered by PWC from
March 27, 2003 to October 31, 2005 to Advent or any entity controlling,
controlled by, or under common control with Advent that were not pre-approved
pursuant to 17 CFR 210.2-01(c)(7)(ii) is compatible with maintaining PWC's
independence. Pursuant to such consideration, the Audit Committee of AVK has
made a determination that such non-audit services are compatible with
maintaining PWC's independence. The Audit Committee of LCM has also
considered whether the provision of non-audit services that were rendered by
PWC from January 30, 2004 (inception of LCM) to October 31, 2005 to Advent or
Claymore or any entity controlling, controlled by, or under common control
with Advent or Claymore that were not pre-approved pursuant to 17 CFR
210.2-01(c)(7)(ii) is compatible with maintaining PWC's independence.
Pursuant to such consideration, the Audit Committee of LCM has made a
determination that such non-audit services are compatible with maintaining
PWC's independence.

Advent and affiliates of Advent performing services for one or both of the
Trusts paid no fees to PWC in either Trusts' most recent fiscal year for
services other than those described above or for any other services, including
for information systems design and implementation.

PRINCIPAL SHAREHOLDERS

As of August 14, 2006, to the knowledge of each Trust, no person
beneficially owned more than 5% of the voting securities of any class of
securities of either Trust.

FINANCIAL STATEMENTS AND OTHER INFORMATION

Each Trust will furnish, without charge, a copy of such Trust's most recent
Annual Report and the Semi-Annual Report succeeding the Annual Report, if any,
to any shareholder upon request. Requests should be directed to Claymore
Securities, Inc., 2455 Corporate West Drive, Lisle, Illinois 60532, 866.274.2227
(toll free).

SECTION 16(a) BENEFICIAL OWNERSHIP REPORTING COMPLIANCE

Section 16(a) of the Securities Exchange Act of 1934 and Section 30(h) of
the 1940 Act require each Trust's officers and Trustees, certain officers of the
Trusts' investment advisor, affiliated persons of the investment advisor, and
persons who beneficially own more than ten percent of the Trust's shares to file
certain reports of ownership ("Section 16 filings") with the SEC and the NYSE.
Based upon each Trust's review of the copies of such forms effecting the Section
16 filings received by it, each Trust believes that for its fiscal year ended in
2005, all filings applicable to such persons were completed and filed, except as
set forth below. Due to an administrative oversight, a Form 4 report was filed
late on behalf of Daniel L. Black.

PRIVACY PRINCIPLES OF THE TRUSTS

The Trusts are committed to maintaining the privacy of shareholders and to
safeguarding their non-public personal information. The following information is
provided to help you understand what personal information the Trust collects,
how the Trust protects that information and why, in certain cases, the Trust may
share information with select other parties.

Generally, the Trusts do not receive any non-public personal information
relating to their shareholders, although certain non-public personal information
of their shareholders may become available to the Trusts. The Trusts do not
disclose any non-public personal information about their shareholders or former
shareholders to anyone, except as permitted by law or as is necessary in order
to service shareholder accounts (for example, to a transfer agent or third party
administrator).

The Trusts restrict access to non-public personal information about their
shareholders to employees of Advent with a legitimate business need for the
information. The Trusts maintain physical, electronic and procedural safeguards
designed to protect the non-public personal information of their shareholders.

DEADLINE FOR SHAREHOLDER PROPOSALS

Shareholder proposals intended for inclusion in the Trusts' proxy
statement in connection with the Trusts' 2007 annual meeting of shareholders
pursuant to Rule 14a-8 under the Securities Exchange Act of 1934 must be
received by a Trust at such Trust's principal executive offices by May 14,
2007. In order for proposals made outside of Rule 14a-8 under the Exchange
Act to be considered "timely" within the meaning of

Rule 14a-4(c) under the Exchange Act, such proposals must be received by a
Trust at the Trust's principal executive offices not later than July 19, 2007.

OTHER MATTERS

The management of the Trusts knows of no other matters which are to be
brought before the Annual Meeting. However, if any other matters not now known
properly come before the Annual Meeting, it is the intention of the persons
named in the enclosed form of proxy to vote such proxy in accordance with their
judgment on such matters.

Very truly yours,

/s/ Tracy V. Maitland

TRACY V. MAITLAND
CHAIRMAN, CHIEF EXECUTIVE OFFICER
AND PRESIDENT OF THE TRUSTS

August 21, 2006

PROXY TABULATOR
P.O. BOX 9112
FARNINGDALE, NY 11735

SOLICITED BY THE BOARD OF TRUSTEES
ADVENT CLAYMORE CONVERTIBLE SECURITIES AND INCOME FUND
ANNUAL MEETING OF SHAREHOLDERS
SEPTEMBER 19, 2006

PREFERRED

The Annual Meeting of Advent Claymore Convertible Securities and Income Fund
(the "Fund") will be held at the offices of the Fund's counsel, Skadden, Arps,
Slate, Meagher & Flom LLP, 4 Times Square, 38th Floor, New York, New York 10036
on Tuesday, September 19, 2006, at 12:30 P.M. EST. The undersigned hereby
appoints each of Rodd Baxter and F. Barry Nelson as proxies to represent and to
vote all shares of the undersigned at the Annual Meeting of shareholders and all
adjournments thereof, with all powers the undersigned would possess if
personally present, upon the matters specified on the reverse side. SHARES
REPRESENTED BY THIS PROXY WILL BE VOTED AS DIRECTED: IF NO DIRECTION IS
INDICATED AS TO THE PROPOSAL, THE PROXY SHALL VOTE FOR SUCH PROPOSAL. THE PROXY
MAY VOTE AT THEIR DISCRETION ON ANY OTHER MATTER WHICH MAY PROPERLY COME BEFORE
THE MEETING.

PLEASE MARK, DATE, SIGN & RETURN THE PROXY
PROMPTLY IN THE ENCLOSED ENVELOPE.

Date __________________, 2006

------------------------------------------

------------------------------------------
Signature (SIGN IN THE BOX)

For joint registrations, both parties should sign.

PLEASE FILL IN A BOX AS SHOWN USING BLACK OR BLUE INK OR NUMBER 2 PENCIL.
PLEASE DO NOT USE FINE POINT PENS.

FOR ALL
NOMINEES WITHHOLD
EXCEPT AS AUTHORITY
MARKED TO TO VOTE
THE CONTRARY FOR ALL
1. Election of Trustees: AT LEFT. NOMINEES.
(01) Mr. Tracy V. Maitland and
(02) Mr. Nicholas Dalmaso 0 0

--------------------------------------------------------------------------------
INSTRUCTIONS: TO WITHHOLD AUTHORITY TO VOTE FOR ANY NOMINEE(S), WRITE THE NUMBER
OF THE NOMINEE(S) ON THE LINE ABOVE.

PLEASE SIGN AND DATE ON THE REVERSE SIDE.

PROXY TABULATOR
P.O. BOX 9112
FARNINGDALE, NY 11735

SOLICITED BY THE BOARD OF TRUSTEES
ADVENT CLAYMORE CONVERTIBLE SECURITIES AND INCOME FUND
ANNUAL MEETING OF SHAREHOLDERS
SEPTEMBER 19, 2006

COMMON

PLEASE MARK, DATE, SIGN & RETURN THE PROXY
PROMPTLY IN THE ENCLOSED ENVELOPE.

Date __________________, 2006

------------------------------------------

------------------------------------------
Signature (SIGN IN THE BOX)

For joint registrations, both parties should sign.

PLEASE FILL IN A BOX AS SHOWN USING BLACK OR BLUE INK OR NUMBER 2 PENCIL.
PLEASE DO NOT USE FINE POINT PENS.

FOR ALL
NOMINEES WITHHOLD
EXCEPT AS AUTHORITY
MARKED TO TO VOTE
THE CONTRARY FOR ALL
1. Election of Trustees: AT LEFT. NOMINEES.
(01) Mr. Tracy V. Maitland and
(02) Mr. Nicholas Dalmaso 0 0

--------------------------------------------------------------------------------
INSTRUCTIONS: TO WITHHOLD AUTHORITY TO VOTE FOR ANY NOMINEE(S), WRITE THE NUMBER
OF THE NOMINEE(S) ON THE LINE ABOVE.

PLEASE SIGN AND DATE ON THE REVERSE SIDE.

PROXY TABULATOR
P.O. BOX 9112
FARNINGDALE, NY 11735

SOLICITED BY THE BOARD OF TRUSTEES
ADVENT CLAYMORE ENHANCED GROWTH & INCOME FUND
ANNUAL MEETING OF SHAREHOLDERS
SEPTEMBER 19, 2006

COMMON

The Annual Meeting of Advent Claymore Enhanced Growth & Income Fund (the "Fund")
will be held at the offices of the Fund's counsel, Skadden, Arps, Slate, Meagher
& Flom LLP, 4 Times Square, 38th Floor, New York, New York 10036 on Tuesday,
September 19, 2006, at 12:30 P.M. EST. The undersigned hereby appoints each of
Rodd Baxter and F. Barry Nelson as proxies to represent and to vote all shares
of the undersigned at the Annual Meeting of shareholders and all adjournments
thereof, with all powers the undersigned would possess if personally present,
upon the matters specified on the reverse side. SHARES REPRESENTED BY THIS PROXY
WILL BE VOTED AS DIRECTED: IF NO DIRECTION IS INDICATED AS TO THE PROPOSAL, THE
PROXY SHALL VOTE FOR SUCH PROPOSAL. THE PROXY MAY VOTE AT THEIR DISCRETION ON
ANY OTHER MATTER WHICH MAY PROPERLY COME BEFORE THE MEETING.

PLEASE MARK, DATE, SIGN & RETURN THE PROXY
PROMPTLY IN THE ENCLOSED ENVELOPE.

Date __________________, 2006

------------------------------------------

------------------------------------------
Signature (SIGN IN THE BOX)

For joint registrations, both parties should sign.

PLEASE FILL IN A BOX AS SHOWN USING BLACK OR BLUE INK OR NUMBER 2 PENCIL.
PLEASE DO NOT USE FINE POINT PENS.

FOR ALL
NOMINEES WITHHOLD
EXCEPT AS AUTHORITY
MARKED TO TO VOTE
THE CONTRARY FOR ALL
1. Election of Trustees: AT LEFT. NOMINEES.
(01) Mr. Tracy V. Maitland and
(02) Mr. Nicholas Dalmaso 0 0

--------------------------------------------------------------------------------
INSTRUCTIONS: TO WITHHOLD AUTHORITY TO VOTE FOR ANY NOMINEE(S), WRITE THE NUMBER
OF THE NOMINEE(S) ON THE LINE ABOVE.

PLEASE SIGN AND DATE ON THE REVERSE SIDE.