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F. Barry Nelson Retires From Advent/Claymore Closed-End Funds
GlobeNewswire - Fri Feb 01, 3:30PM CST
It is with deep appreciation that we announce that F. Barry Nelson will retire from Advent Capital Management, LLC ("Advent") effective February 1, 2013, after nearly 17 years with the Firm. Mr. Nelson has been serving as a Co-Portfolio Manager on the Advent/Claymore Enhanced Growth & Income Fund (NYSE:LCM) since the Fund's inception on January 31, 2005. He will step down as a Co-Portfolio Manager for the Fund effective the date of his retirement, and will also step down as Co-Portfolio Manager of the Advent Claymore Convertible Securities and Income Fund (NYSE:AVK) and the Advent Claymore Convertible Securities and Income Fund II (NYSE:AGC). AVK and AGC will continue to be managed by Co-Portfolio Managers Tracy V. Maitland (Advent's Chief Investment Officer), Paul L. Latronica (Managing Director at Advent), and Anthony H. Woodson (Managing Director at Advent).