<SEC-DOCUMENT>0001391461-18-000002.txt : 20180404
<SEC-HEADER>0001391461-18-000002.hdr.sgml : 20180404
<ACCEPTANCE-DATETIME>20180306161015
<PRIVATE-TO-PUBLIC>
ACCESSION NUMBER:		0001391461-18-000002
CONFORMED SUBMISSION TYPE:	CORRESP
PUBLIC DOCUMENT COUNT:		1
FILED AS OF DATE:		20180306

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Advent Claymore Convertible Securities & Income Fund II
		CENTRAL INDEX KEY:			0001391461
		IRS NUMBER:				000000000
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1031

	FILING VALUES:
		FORM TYPE:		CORRESP

	BUSINESS ADDRESS:	
		STREET 1:		227 WEST MONROE STREET
		CITY:			CHICAGO
		STATE:			IL
		ZIP:			60606
		BUSINESS PHONE:		312-827-0100

	MAIL ADDRESS:	
		STREET 1:		227 WEST MONROE STREET
		CITY:			CHICAGO
		STATE:			IL
		ZIP:			60606

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	Advent/Claymore Global Convertible Securities & Income Fund
		DATE OF NAME CHANGE:	20070227

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			ADVENT/CLAYMORE ENHANCED GROWTH & INCOME FUND
		CENTRAL INDEX KEY:			0001278460
		IRS NUMBER:				000000000
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1031

	FILING VALUES:
		FORM TYPE:		CORRESP

	BUSINESS ADDRESS:	
		STREET 1:		227 WEST MONROE STREET
		CITY:			CHICAGO
		STATE:			IL
		ZIP:			60606
		BUSINESS PHONE:		312-357-0394

	MAIL ADDRESS:	
		STREET 1:		227 WEST MONROE STREET
		CITY:			CHICAGO
		STATE:			IL
		ZIP:			60606

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	ADVENT CLAYMORE GLOBAL TOTAL RETURN FUND
		DATE OF NAME CHANGE:	20040416

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	ADVENT CLAYMORE GLOBAL CONVERTIBLE OPPORT  INCOME FD
		DATE OF NAME CHANGE:	20040203

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			ADVENT CLAYMORE CONVERTIBLE SECURITIES & INCOME FUND
		CENTRAL INDEX KEY:			0001219120
		IRS NUMBER:				000000000
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1031

	FILING VALUES:
		FORM TYPE:		CORRESP

	BUSINESS ADDRESS:	
		STREET 1:		227 W. MONROE STREET
		CITY:			CHICAGO
		STATE:			IL
		ZIP:			60606
		BUSINESS PHONE:		312-827-0100

	MAIL ADDRESS:	
		STREET 1:		227 W. MONROE STREET
		CITY:			CHICAGO
		STATE:			IL
		ZIP:			60606
</SEC-HEADER>
<DOCUMENT>
<TYPE>CORRESP
<SEQUENCE>1
<FILENAME>filename1.htm
<TEXT>
<!DOCTYPE html PUBLIC "-//W3C//DTD HTML 4.01 Transitional//EN" "http://www.w3.org/TR/html4/loose.dtd">
<html>
	<head>
		<!-- Document created using Wdesk 1 -->
		<!-- Copyright 2018 Workiva -->
		<title>Document</title>
	</head>
	<body style="font-family:Times New Roman;font-size:10pt;">
<div><a name="sEFCFED614F47972AE7A6FD0A61F081BD"></a></div><div><div style="line-height:120%;text-align:right;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div></div><div><br></div><div style="line-height:120%;text-align:center;font-size:11pt;"><font style="font-family:inherit;font-size:11pt;">[Advent Funds Letterhead]</font></div><div style="line-height:120%;text-align:left;font-size:11pt;"><font style="font-family:inherit;font-size:11pt;"><br></font></div><div style="line-height:120%;text-align:left;font-size:11pt;"><font style="font-family:inherit;font-size:11pt;">March 6, 2018</font></div><div style="line-height:120%;text-align:left;font-size:11pt;"><font style="font-family:inherit;font-size:11pt;"><br></font></div><div style="line-height:120%;text-align:left;font-size:11pt;"><font style="font-family:inherit;font-size:11pt;">U.S. Securities and Exchange Commission</font></div><div style="line-height:120%;text-align:left;font-size:11pt;"><font style="font-family:inherit;font-size:11pt;">100 F Street N.E.</font></div><div style="line-height:120%;text-align:left;font-size:11pt;"><font style="font-family:inherit;font-size:11pt;">Washington DC 20549</font></div><div style="line-height:120%;text-align:left;font-size:11pt;"><font style="font-family:inherit;font-size:11pt;"><br></font></div><table cellpadding="0" cellspacing="0" style="padding-top:20px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:174px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:11pt;padding-left:144px;"><font style="font-family:inherit;font-size:11pt;">RE:</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:left;font-size:11pt;"><font style="font-family:inherit;font-size:11pt;">Advent Claymore Convertible Securities and Income Fund (811-21309)</font><font style="font-family:inherit;font-size:10pt;">&#32;<br></font><font style="font-family:inherit;font-size:11pt;">Advent Claymore Convertible Securities and Income Fund II (811-22022)</font><font style="font-family:inherit;font-size:10pt;">&#32;<br></font><font style="font-family:inherit;font-size:11pt;text-decoration:underline;">Advent/Claymore Enhanced Growth &amp; Income Fund (811-21504)&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font></div></td></tr></table><div style="line-height:120%;text-align:left;font-size:11pt;"><font style="font-family:inherit;font-size:11pt;"><br></font></div><div style="line-height:120%;text-align:justify;font-size:11pt;"><font style="font-family:inherit;font-size:11pt;">Ladies and Gentlemen:</font></div><div style="line-height:120%;padding-bottom:16px;padding-top:6px;text-align:left;text-indent:48px;font-size:11pt;"><font style="font-family:inherit;font-size:11pt;">Thank you for your telephonic comments concerning the annual reports to shareholder of Advent Claymore Convertible Securities and Income Fund (811-21309) (&#8220;AVK&#8221;), Advent Claymore Convertible Securities and Income Fund II (811-22022) (&#8220;AGC&#8221;), and Advent/Claymore Enhanced Growth &amp; Income Fund (811-21504) (&#8220;LCM&#8221; and, together with AVK and AGC, the &#8220;Funds&#8221;) for the fiscal year ended October 31, 2017.  For ease of reference, we have summarized your comments below followed by our responses. </font></div><div style="line-height:120%;text-align:left;font-size:11pt;"><font style="font-family:inherit;font-size:11pt;font-weight:bold;">Comment 1</font><font style="font-family:inherit;font-size:11pt;">: &#160;&#160;&#160;&#160;With respect to LCM, please explain why the response to Item 12(b) is &#8220;Not Applicable,&#8221; when an amount was listed in response to Item 12(a).</font></div><div style="line-height:120%;text-align:left;font-size:11pt;"><font style="font-family:inherit;font-size:11pt;">&#160;</font></div><div style="line-height:120%;padding-bottom:14px;text-align:left;padding-left:48px;font-size:11pt;"><font style="font-family:inherit;font-size:11pt;font-weight:bold;">Response:</font><font style="font-family:inherit;font-size:11pt;">&#32;&#32;&#32;LCM confirms that the correct response to Item 12(b) is not applicable.  LCM did not engage in securities lending activities during the most recent fiscal year and did not receive any services from a securities lending agent.   The response to Item 12(a) was reported erroneously.  The responses to Items 12(a)(1) and 12(a)(4) should have been &#8220;None.&#8221;</font></div><div style="line-height:120%;padding-bottom:16px;text-align:left;font-size:11pt;"><font style="font-family:inherit;font-size:11pt;font-weight:bold;">Comment 2:&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:11pt;">With respect to LCM, explain why the responses to Items 12(a)(1) and 12(a)(4) were &#8220;$20,413.35&#8221; when the corresponding amount in the financial statements is approximately $14,000.</font></div><div style="line-height:120%;padding-bottom:16px;text-align:left;padding-left:60px;font-size:11pt;"><font style="font-family:inherit;font-size:11pt;font-weight:bold;">Response: </font><font style="font-family:inherit;font-size:11pt;">As noted above, the responses to Items 12(a)(1) and 12(a)(4) should have been &#8220;None.&#8221;  LCM did not engage in securities lending activities during the most recent fiscal year.  The amount shown in the financial statements relates to income earned by the Fund from permitted rehypothecation of collateral securities pursuant to the Fund&#8217;s credit agreement. The registrant has pledged portfolio securities as collateral to secure its outstanding loan balance with a lender. The credit agreement permits, subject to certain conditions, the lender, as principal and not as agent for the Fund, to rehypothecate such pledged portfolio securities up to the amount of the loan balance outstanding. The Fund receives a portion of the fees earned by its lender in connection with this permitted rehypothecation of portfolio securities. The revenue split represents an amount agreed between the Fund and its lender as part of the economic terms on which such lender extends credit to the Fund.  The registrant does not pay its lender and securities lending counterparty any fees, rebates or other compensation in connection with the permitted rehypothecation of the registrant's pledged portfolio securities other than the revenue split. The Fund notes that subsequent to the filing of the annual report, the outstanding loan balance under the credit agreement was refinanced and the credit agreement was terminated. </font></div><div style="line-height:120%;padding-bottom:16px;text-align:left;font-size:11pt;"><font style="font-family:inherit;font-size:11pt;"><br></font></div><div style="line-height:120%;padding-bottom:14px;text-align:left;padding-left:48px;font-size:11pt;"><font style="font-family:inherit;font-size:11pt;"><br></font></div><div style="line-height:120%;padding-bottom:14px;text-align:center;font-size:11pt;"><font style="font-family:inherit;font-size:11pt;">*&#160;&#160;&#160;&#160;*&#160;&#160;&#160;&#160;*&#160;&#160;&#160;&#160;</font></div><div style="line-height:120%;padding-bottom:14px;text-align:left;font-size:11pt;"><font style="font-family:inherit;font-size:11pt;">If you have any questions or comments or require any additional information in connection with the above, please do not hesitate to contact me at (212) 479-0675.</font></div><div style="line-height:120%;text-align:left;font-size:11pt;"><font style="font-family:inherit;font-size:11pt;"><br></font></div><div style="line-height:120%;text-align:left;font-size:11pt;"><font style="font-family:inherit;font-size:11pt;"><br></font></div><div style="line-height:120%;padding-bottom:16px;text-align:left;text-indent:288px;font-size:11pt;"><font style="font-family:inherit;font-size:11pt;">Sincerely,</font></div><div style="line-height:120%;padding-bottom:16px;text-align:left;text-indent:288px;font-size:11pt;"><font style="font-family:inherit;font-size:11pt;"><br></font></div><div style="line-height:120%;text-align:left;text-indent:288px;font-size:11pt;"><font style="font-family:inherit;font-size:11pt;text-decoration:underline;">/s/ Robert J. White&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font></div><div style="line-height:120%;text-align:left;text-indent:288px;font-size:11pt;"><font style="font-family:inherit;font-size:11pt;">Robert J. White&#160;&#160;&#160;&#160;</font></div><div style="line-height:120%;text-align:left;padding-left:288px;font-size:11pt;"><font style="font-family:inherit;font-size:11pt;">Treasurer and Chief Financial Officer</font></div><div style="line-height:120%;text-align:left;text-indent:288px;font-size:11pt;"><font style="font-family:inherit;font-size:11pt;"><br></font></div><div style="line-height:120%;text-align:left;text-indent:288px;font-size:11pt;"><font style="font-family:inherit;font-size:11pt;"><br></font></div><div style="line-height:120%;text-align:left;font-size:11pt;"><font style="font-family:inherit;font-size:11pt;"><br></font></div><div style="line-height:120%;text-align:left;font-size:11pt;"><font style="font-family:inherit;font-size:11pt;">cc:&#160;&#160;&#160;&#160;Edward C. Delk, Secretary and Chief Compliance Officer of the Funds</font></div><div style="line-height:120%;text-align:left;font-size:11pt;"><font style="font-family:inherit;font-size:11pt;"><br></font></div><div><br></div><div></div>	</body>
</html>
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
