UNITED
STATES
SECURITIES
AND EXCHANGE COMMISSION
Washington,
D.C. 20549
SCHEDULE
14A
Proxy
Statement Pursuant to Section 14(a) of the Securities
Exchange
Act of 1934 (Amendment
No. )
Filed by
the Registrant [X]
Filed by
a Party other than the Registrant [ ]
Check the
appropriate box:
[ ] Preliminary
Proxy Statement
[ ] Confidential,
for use of the Commission Only (as permitted by Rule 14a-6(e)(2))
[ ] Definitive
Proxy Statement
[ ] Definitive
Additional Materials
[X] Soliciting
Material Pursuant to §240.14a-12
Fiduciary/Claymore
Dynamic Equity Fund
(Names of
Registrant As Specified in its Declaration of Trust)
Payment
of Filing Fee (Check the appropriate box):
[
X] No Fee
Required
[ ] Fee
computed on table below per Exchange Act Rules 14a-6(i)(1) and
0-11.
[ ] Fee
paid previously with preliminary materials.
[ ] Check
box if any part of the fee is offset as provided by Exchange Act Rule 0-11(a)(2)
and identify the filing for which the offsetting fee was paid previously.
Identify the previous filing by registration statement number, or the Form or
Schedule and the date of its filing.
HCE
ANNOUNCES SPECIAL
MEETING OF SHAREHOLDERS AND RECORD DATE FOR PROXY VOTING
Lisle,
Illinois – February 18, 2009 - (NYSE:
HCE
)
Fid
uciary/Claymore Dynamic
Equity Fund
(the “Fund”), a diversified closed-end management investment
company, announced today the date and
applicable
record date of a special meeting of
shareholders (“Special Meeting”) for consideration of the proposed liquidation
and dissolution (the “Liquidation Plan”) adopted by the Fund’s Board of Trustees
(the “Board”).
The
record date for shareholders to be eligible to vote on the proposed liquidation
and dissolution of the Fund is February 26, 2009. The Special Meeting will be
held on April 20, 2009. The Board encourages all shareholders to vote either in
person or by proxy.
If the
announced proposal is approved by shareholders, the Fund will commence the
orderly liquidation of its assets in accordance with the Liquidation Plan.
Following the liquidation of the Fund’s assets, the Fund will pay one or more
liquidating distributions to shareholders of record as of the effective date of
the Liquidation Plan. There can be no assurance that the necessary
percentage of the shareholders of the Fund will vote in favor of the proposal to
approve the Liquidation Plan.
The solicitation of proxies by the Fund in connection
with the Special Meeting will be made only pursuant to separate proxy materials
filed with the U.S. Securitie
s and Exchange
Commission (the “
SEC”
) under applicable federal securities laws. Because the
proxy materials will contain important information, including a more detailed
description of the Liquidation Plan, shareholders are urged to read them
carefully wh
e
n they become available.
The Fund
and the Board may be deemed to be participants in the solicitation of proxies
from shareholders in connection with the Special Meeting. The Fund
plans to file a definitive
proxy statement with
the SEC in connection with the solicitation of proxies for the Special Meeting.
Information regarding the names of the Fund’s trustees is set forth in the
Fund’s proxy statement relating to the 2008 annual meeting of shareholders,
which may be obtained free of charge at the SEC’s website at www.sec.gov.
Additional information regarding the interests of such potential participants
will be included in the proxy statement and other relevant documents to be filed
with the SEC in connection with the Special Meeting.
Promptly after filing
its definitive proxy statement for the Special Meeting
with the SEC, the Fund will mail the definitive proxy statement and a proxy card
to each shareholder entitled to vote at the Special Meeting. WE URGE
SHAREHOLDERS TO READ THE PROXY STATEMENT (INCLUDIN
G
ANY SUPPLEMENTS
THERETO) AND ANY OTHER RELEVANT DOCUMENTS THAT THE FUND WILL FILE WITH THE SEC
WHEN THEY BECOME AVAILABLE BECAUSE THEY WILL CONTAIN IMPORTANT INFORMATION.
Shareholders will be able to obtain, free of charge, copies of the proxy
statement
a
nd any other documents filed by the Fund with the SEC in
connection with the Special Meeting at the SEC
’
s website at
www.sec.gov, by calling 800-345-7999 or by writing the Fund at 2455 Corporate
West Drive, Lisle, Illinois 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, servicing or distribution on
approximately $10.4 billion in assets, as of December 31, 2008, 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 on Claymore’s
closed-end funds is available at
www.claymore.com/cef
.
Fiduciary Asset Management,
LLC
serves as the Fund's sub-adviser and manages a wide range of
institutional equity, hedged equity, and fixed-income products. Fiduciary Asset
Management currently manages and supervises approximately $12.3 billion, as of
December 31, 2008, in client assets. Additional information on the firm is
available at
www.famco.com
.
This information
does not represent an offer to sell securities of the Fund and it is not
soliciting an offer to buy securities of the Fund and is not soliciting any
proxy.
There can be no
assurance that the Fund will achieve its inves
tment 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, R
i
sks Associated with Options on
Securities, Call Option Writing Risks, Risks of Mid-Cap and Small-Cap Companies,
Income Risk, Foreign Securities Risk, Industry Concentration Risk, Interest Rate
Risk, Risks Related to Preferred Securities, Derivatives Risk,
Inflation Risk, Illiquid Securities
Risk, Fund Distribution Risk, Market Discount Risk, Portfolio Turnover Risk, Tax
Risk, Other Investment Companies Risk, Management Risk and Current Development
Risks.
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.
Press and
Analyst Inquiries:
William
T. Korver
Claymore
Securities, Inc.
wkorver@claymore.com
630-505-3700
Member
FINRA/SIPC (2/09)
NOT
FDIC-INSURED | NOT BANK-GUARANTEED | MAY LOSE VALUE