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 in securities, with a secondary objective of long-term capital appreciation. The Fund invests approximately 40% of its managed assets in a diversified portfolio of equity securities and convertible securities of the United States and non-United States issuers, and invests approximately 60% of its managed assets in non-convertible high-yield securities. It also engages in a strategy of writing (selling) covered call options on a portion of the securities held in the Fund's portfolio. It invests in various sectors, such as consumer, communications, basic materials, financial, utilities, industrial and energy. Advent Capital Management, LLC acts as the Fund's investment manager. Its investment adviser is Guggenheim Funds Investment Advisors, LLC.