DCS Announces Adjournment of 2009 Annual Meeting

LISLE, Ill.--(Business Wire)--
(NYSE: DCS) The 2009 annual meeting of shareholders of Claymore Dividend &
Income Fund has been adjourned to Wednesday, November 4, 2009 at 1:30 PM, CST
and will be held at the offices of the Fund, 2455 Corporate West Drive, Lisle,
IL 60532.

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 and/or servicing on approximately $13.3 billion in assets, as of
September 30, 2009. Claymore currently offers 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. For more information regarding the Fund, please visit
www.claymore.com/DCS.

Manning & Napier Advisors, Inc. serves as the Fund`s interim Investment
Sub-Adviser. Manning & Napier has been a registered investment adviser since
1970. For more than 35 years, Manning & Napier has focused on managing clients`
investments through a variety of market conditions, including five bear markets.
The firm managed approximately $19 billion for individuals, corporations,
defined benefit pension plans, 401(k) choice plans, Taft-Hartley accounts,
endowments, foundations and municipal retirement plans as of June 30, 2009. It
remains an employee-owned firm, with 100% of the firm owned by full-time
employees.

There can be no assurance that the Fund will achieve its investment objectives.
The net asset value of the Fund will fluctuate with the value of the underlying
securities. It is important to note that closed-end funds trade on their market
value, not net asset value, and closed-end funds often trade at a discount to
their net asset value. Past performance is not indicative of future performance.
An investment in the Fund is subject to certain risks and other considerations.
Such risks and considerations include, but are not limited to: Investment Risk,
Equity Risk, Preferred Securities Risk, Income Risk, Value Investing Risk,
Interest Rate Risk, Inflation Risk, Lower-Grade Securities Risk, Foreign
Securities Risk, Derivatives Risk, Illiquid Securities Risk, Fund Distribution
Risk, Market Discount Risk, Industry Concentration Risk, Other Investment
Companies Risk, Non-Diversified Status Risk, Financial Leverage Risk, Management
Risk, , Current Developments Risk, Anti-Takeover Provisions, and Market
Disruption Risk and Risks of Investing in AMPS.

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 (11/09)

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

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

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