Claymore Names Kris Rollenhagen as Managing Director of CEF/ETF Research & Portfolios.

LISLE, Ill. -- (NYSE:AVK), (NYSE:DCS), (NYSE:FFC), (NYSE:FLC), (NYSE:FMO), (NYSE:HCE), (NYSE:LCM), (NYSE:MCN), (NYSE:MZF), (NYSE:OLA), (NYSE:TYW), (NYSE:WIA), (NYSE:WIW); and (TSX:ADJ.UN), (TSX:FIE.UN)

Claymore is pleased to announce the appointment of Kristoph ("Kris") J. Rollenhagen to the role of Managing Director of Closed-End and Exchange-Traded Funds Research & Portfolios. With over 20 years of experience in the securities industry, specializing in the development, analysis, research, support and marketing of portfolio-structured products, Kris will play an integral role in increasing product awareness and investor education for Claymore's rapidly-growing domestic and global product lines.

"We are excited to add such a well-respected and trusted analyst to our current team of individuals dedicated to the closed-end and exchange-traded lines of business. We believe that Kris's knowledge, experience, and passion for these uniquely-structured packaged products will help us to provide cutting-edge secondary market support for our funds with his focus on much-needed value-added investor and advisor education," said David Hooten, Chairman and Chief Executive Officer of Claymore.

Rollenhagen joined Prudential Equity Group, Inc. in 1994 and most recently served as its Director of Closed-End Fund & Exchange-Traded Funds Research. While at Prudential, Kris increased product visibility with strategic value-added initiatives targeting the firm's retail, institutional and international clientele. Prior to Prudential, he spent 8 years with Gruntal & Co., Incorporated where he was Vice President & Manager, Financial Services. A graduate of Skidmore College, Kris is also a member of the Fixed-Income Analysts Society, the New York Society of Security Analysts and the Association of Investment Management & Research and holds the following NASD licenses: Series 7, 24, 63, 65, 86 & 87.

"Having spent the majority of my career building and improving franchises, I believe that the opportunity to have a positive impact on financial advisors and investors utilizing Claymore's unique product line is a once-in-a-lifetime career privilege. The objectives adhered to by the firm's experienced and energetic management coupled with a mantra of 'doing the right thing' are completely consistent with my personal and professional goals. I look forward to this challenge of helping Claymore further its mission of providing access to best-in-class asset managers and cutting-edge customer service for financial advisors and their valued clients," said Kris Rollenhagen.

Based in Lisle, Illinois, Claymore Securities, Inc. is a privately-held financial services company offering unique investment solutions for financial advisors and their valued clients. As of September 30, 2005, Claymore entities have provided supervision, management, servicing or distribution on approximately $12.5 billion in assets through closed-end funds, unit investment trusts, mutual funds and separately managed accounts in the U.S. and Canada. Additional information on Claymore can be viewed by visiting www.claymore.com.

There can be no assurance that any investment will achieve its stated objective(s). Past performance does not guarantee future results. Investments offered by Claymore are not FDIC-insured, nor bank-guaranteed and may lose value. Investors should consider the investment objectives and policies, risk considerations, charges and expenses of any investment carefully before they invest or send money. For this and more information, please contact a securities representative or Claymore Securities, Inc., 2455 Corporate West Drive, Lisle, Illinois 60532, 800-345-7999.