Advent/Claymore Enhanced Growth & Income Fund (the Fund) is a diversified, closed-end management investment company. The Fund's primary investment objective is to seek current income and current gains from trading securities, with a secondary objective of long-term capital appreciation. The Fund invests at least 70% of its managed assets in a diversified portfolio of equity securities and convertible securities of the United States and non-the United States issuers and up to 30% of assets in non-convertible high yield securities. It seeks to engage in an option strategy of writing (selling) covered call options on at least 50% of the securities held in the portfolio. Advent Capital Management, LLC serves as the Fund's investment manager. Guggenheim Funds Investment Advisors, LLC (Guggenheim Funds) serves as the adviser to the Fund.