Guggenheim Equal Weight Enhanced Equity Income Fund (the Fund) is an organized, diversified, closed-end management investment company. The Fund's investment objective is to provide a high level of risk-adjusted total return with an emphasis on current income. There can be no assurance that the Fund will achieve its investment objectives. The Fund will invest, under normal circumstances, substantially all of its Managed Assets in a portfolio of common stocks included in the S&P 500 Equal Weight index (the Index) in equal weight and/or other securities or financial instruments that are intended to correlate with or replicate exposure to the Index. The Fund will invest at least 80% of its net assets (including the proceeds of any borrowings for investment purposes) in equity securities. Guggenheim Funds Investment Advisors, LLC (the Adviser) is the Fund's investment adviser. Security Investors, LLC is the Fund's equity portfolio Sub-Adviser.