HCE Announces Liquidating Distribution Amount and Payable Date

LISLE, Ill.--(Business Wire)--
(NYSE: HCE) Fiduciary/Claymore Dynamic Equity Fund (the "Fund") announced today
the sole and final liquidating distribution of $4.207 per share, with a payable
date on Friday, May 29, 2009, to shareholders of record as of April 24, 2009.
The distribution represents all of the assets of the Fund less amounts necessary
to discharge any unpaid liabilities of the Fund. For additional information,
please visit the Fund`s website at www.claymore.com/hce.

Claymore Advisors, LLC, an affiliate of Claymore Securities, Inc., serves as the
Fund`s Investment Adviser. Claymore Securities, Inc. is a privately-held
financial services company offering unique investment solutions for financial
advisors and their valued clients. Claymore entities have provided supervision,
management, servicing and/or distribution on approximately $10.1 billion in
assets, as of March 31, 2009, through closed-end funds, unit investment trusts
and exchange-traded funds. Registered investment products are sold by prospectus
only and investors should read the prospectus carefully before investing.
Additional information regarding Claymore`s closed-end funds is available at
www.claymore.com/cefs.

Fiduciary Asset Management, LLC serves as the Fund's sub-adviser and manages
Flex Core Equity, Quantitative Equity, Master Limited Partnerships and Fixed
Income/Balanced strategies for institutional clients and high net worth
individuals. Fiduciary Asset Management currently manages and supervises
approximately $11.1 billion, as of March 31, 2009, in client assets. Additional
information on the firm is available at www.famco.com.

Investors should consider the investment objectives and policies, risk
considerations, charges and expenses of the Fund carefully before they invest.
For this and more information, please contact a securities representative or
Claymore Securities, Inc., 2455 Corporate West Drive, Lisle, Illinois 60532,
800-345-7999.

Member FINRA/SIPC (5/09)

NOT FDIC-INSURED | NOT BANK-GUARANTEED | MAY LOSE VALUE

Press and Analyst Inquiries:
William T. Korver
Claymore Securities, Inc.
cefs@claymore.com
630-505-3700

Copyright Business Wire 2009