NEW YORK, April 3, 2014 (GLOBE NEWSWIRE) -- Guggenheim Investments announces the results of the joint annual meeting of shareholders (the "Annual Meeting") of Fiduciary/Claymore MLP Opportunity Fund ("FMO"), Guggenheim Build America Bonds Managed Duration Trust ("GBAB"), Guggenheim Credit Allocation Fund ("GGM"), Guggenheim Enhanced Equity Income Fund ("GPM"), Guggenheim Enhanced Equity Strategy Fund ("GGE"), Guggenheim Equal Weight Enhanced Equity Income Fund ("GEQ") and Guggenheim Strategic Opportunities Fund ("GOF") (each a "Fund" and, collectively, the "Funds").
The results of the Annual Meeting were as follows:
|1. With respect to each of FMO, GBAB, GGM, GGE, GEQ and GOF: The amendment of each Fund's Agreement and Declaration of Trust, as amended, to increase the maximum number of Trustees that can comprise the Board of Trustees of the Fund to fifteen (15) trustees was approved. Upon the approval of such amendment, the Board of Trustees of each Fund established the current size of the Board as nine (9) trustees.|
|2. The following trustees were elected:|
|a. With respect to each of FMO, GBAB, GGM, GPM, GGE and GEQ:|
|i. Class I Trustees, Mr. Randall C. Barnes, Mr. Donald C. Cacciapaglia and Mr. Donald A. Chubb, Jr., were elected to serve until each Fund's 2017 annual meeting of shareholders or until their respective successors shall have been elected and qualified;|
|ii. Class II Trustee, Dr. Jerry B. Farley was elected to serve until each Fund's 2015 annual meeting of shareholders or until his successor shall have been elected and qualified; and|
|iii. Class III Trustee, Mr. Maynard F. Oliverius, was elected to serve until each Fund's 2016 annual meeting of shareholders or until his successor shall have been elected and qualified.|
|b. With respect to GOF only:|
|i. Class I Trustees, Mr. Randall C. Barnes, Mr. Donald C. Cacciapaglia, Mr. Roman Friedrich III and Mr. Donald A. Chubb, Jr., were elected to serve until the Fund's 2016 annual meeting of shareholders or until their respective successors shall have been elected and qualified; and|
|ii. Class II Trustees, Dr. Jerry B. Farley and Mr. Maynard F. Oliverius, were elected to serve until the Fund's 2015 annual meeting of shareholders or until their respective successors shall have been elected and qualified.|
|Those trustees who did not stand for election at the Annual Meeting continue to serve as trustees of the Funds for the terms to which they were elected.|
About Guggenheim Investments
Guggenheim Investments represents the investment management division of Guggenheim Partners, LLC ("Guggenheim"), which consists of investment managers with approximately $172 billion in combined total assets*. Collectively, Guggenheim Investments has a long, distinguished history of serving institutional investors, ultra-high-net-worth individuals, family offices and financial intermediaries. Guggenheim Investments offers clients a wide range of differentiated capabilities built on a proven commitment to investment excellence. Guggenheim Investments has offices in Chicago, New York City and Santa Monica, along with a global network of offices throughout the United States, Europe, and Asia.
* Guggenheim Investments total asset figure is as of 12.31.2013 and includes $12.497B of leverage for Assets Under Management and $0.390B of leverage for Serviced Assets. Total assets include assets from Security Investors, LLC, Guggenheim Partners Investment Management, LLC, Guggenheim Funds and its affiliated entities, and some business units including Guggenheim Real Estate, LLC, Guggenheim Aviation, GS GAMMA Advisors, LLC, Guggenheim Partners Europe Limited, Transparent Value Advisors, LLC, and Guggenheim Partners India Management. Values from some funds are based upon prior periods.
This information does not represent an offer to sell securities of the Funds and it is not soliciting an offer to buy securities of the Funds. There can be no assurance that the Funds will achieve their investment objectives. Investments in the Funds involve operating expenses and fees. The net asset value of the Funds 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 closed-end funds is subject to investment risk, including the possible loss of the entire amount that you invest. Some general risks and considerations associated with investing in a closed-end fund include: Investment and Market Risk; Lower Grade Securities Risk; Equity Securities Risk; Foreign Securities Risk; Interest Rate Risk; Illiquidity Risk; Derivative Risk; Management Risk; Anti-Takeover Provisions; Market Disruption Risk and Leverage Risk. See www.guggenheiminvestments.com/cef for a detailed discussion of fund-specific risks.
Investors should consider the investment objectives and policies, risk considerations, charges and expenses of any investment before they invest. For this and more information visit www.guggenheiminvestments.com or contact a securities representative or Guggenheim Funds Distributors, LLC 2455 Corporate West Drive, Lisle, IL 60532, 800-345-7999.
NOT FDIC-INSURED | NOT BANK-GUARANTEED | MAY LOSE VALUE
Member FINRA/SIPC (4/14)
CONTACT: Analyst Inquiries William T. Korver 312.357.0444 firstname.lastname@example.orgSource: Guggenheim Investments Illinois