Fund Description: Advent/Claymore Convertible Securities and Income Fund is a diversified, closed-end management investment company. The Fund's investment objective is to provide total return, through a combination of capital appreciation and current income. Under normal market conditions, the Fund will invest at least 80% of its Managed Assets in a diversified portfolio of convertible securities and non-convertible income securities. Under normal market conditions, the Fund will invest at least 60% of its Managed Assets in convertible securities and up to 40% of its Managed Assets in lower grade, non-convertible income securities, although the portion of the Fund's assets invested in convertible securities and non-convertible income securities will vary from time to time consistent with the Fund's investment objective, changes in equity prices and changes in interest rates and other economic and market factors. Because the convertible securities in which the Fund will invest also may be lower grade securities, under normal market conditions the Advisor anticipates that approximately 70% of the Fund's Managed Assets will be invested in lower grade securities, although all of the Fund's assets may from time to time be invested in lower grade securities. Advent Capital Management, LLC is the Fund's investment advisor.