Advent Capital Management, LLC announced that F. Barry Nelson will retire from the company effective February 1, 2013, after nearly 17 years with the Firm. Mr. Nelson has been serving as a Co-Portfolio Manager on the Advent/Claymore Enhanced Growth & Income Fund since the Fund's inception on January 31, 2005. He will step down as a Co-Portfolio Manager for the Fund effective the date of his retirement, and will also step down as Co-Portfolio Manager of the Advent Claymore Convertible Securities and Income Fund and the Advent Claymore Convertible Securities and Income Fund II. AVK and AGC will continue to be managed by Co-Portfolio Managers Tracy V. Maitland (Advent's Chief Investment Officer), Paul L. Latronica (Managing Director at Advent), and Anthony H. Woodson (Managing Director at Advent).

Advent Capital Management, LLC announced that Mr. Osbert Hood, former Chairman and Chief Executive Officer of MacKay Shields, will join Advent as Chief Operating Officer. Ed Johnson, Advent's current COO, will be leaving Advent after transitioning his duties to Mr. Hood. Mr. Hood has over three decades of experience in the financial industry and brings an extensive background in high yield, credit products and convertible securities to Advent. As an experienced, results-oriented executive, Mr. Hood will be able to leverage his skills to service existing clients, manage the operational platform, and help drive the development of Advent's investment strategies and business growth opportunities. His prior experience managing large diversified asset management firms makes Mr. Hood well positioned to further enhance Advent's client relationships and market positioning.

Advent Capital Management, LLC Presents at Opal Financial Group's Public Funds Summit East, Jul-24-2012 10:00 AM. Venue: Newport Marriott, Newport, Rhode Island, United States.