GPAM represents grade point averages in courses that are required in the major curriculum.
Nonetheless, students in the humanities show higher GPAM than do their counterparts in business and engineering.
For engineering students, there is a positive correlation between an average grade in mathematics courses and GPAM.
The Fund seeks to achieve such investment objective by utilizing an enhanced equity option strategy developed by GPAM.
The Fund's proxy statement for the annual meeting of shareholders will contain additional information regarding GPAM, the Fund's investment strategy and the New Sub-Advisory Agreement.
The Fund's Board of Trustees has approved the appointment of GPAM as the Fund's investment sub-adviser, effective as of May 16, 2011.
In connection with the appointment of GPAM as investment sub-adviser, the name of the Fund will change to Guggenheim Enhanced Equity Strategy Fund.
GPAM will seek to achieve the Fund's investment objective by obtaining broadly diversified exposure to the equity markets and utilizing a covered call strategy which will follow GPAM's proprietary dynamic rules-based methodology to seek to utilize efficiencies from the tax characteristics of the Fund's portfolio.
The Fund's use of financial leverage is intended to be flexible in nature and will be monitored and adjusted, as appropriate, on an ongoing basis by Claymore and GPAM.
At such time, GPAM will enter into an interim investment sub-advisory agreement (the "Interim Sub-Advisory Agreement") with Claymore Advisors, LLC, the Fund's investment adviser ("Claymore") and the Fund, which will be in effect for an interim period of up to 150 days.
In connection with the appointment of GPAM as interim investment sub-adviser, the name of the Fund will change to Guggenheim Enhanced Equity Income Fund.
Clients are an elite mix of individuals, family offices, endowments, foundations, insurance companies and other institutions that have entrusted GPAM
with the supervision of more than $100 billion of assets.