Article: DCS Announces Update Regarding Tender Offer.

(NYSE: DCS) As previously announced, Claymore Dividend & Income Fund (the "Fund"), a non-diversified closed-end management investment company intends to conduct an in-kind tender offer to purchase up to 40%-45% of the Fund's outstanding common shares, as part of its continuing efforts to increase shareholder value. Shareholders who participate in the proposed tender offer would receive a pro-rata distribution of portfolio securities of the Fund, subject to certain adjustments, upon tendering their common shares. Additional information regarding the terms of the tender offer will be set forth in the offer to purchase which will be sent to all shareholders upon commencement ...

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