n23c2.htm
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
 
RULE 23C-2 NOTICE OF INTENTION TO REDEEM SECURITIES
 
of
 
Dreman/Claymore Dividend & Income Fund
2455 Corporate West Drive
Lisle, Illinois 60532
(630) 505-3700
 
under the
 
Investment Company Act of 1940
 
Investment Company Act File No. 811-21455
 
______________________
 

1.  
Title of the class of securities of Dreman/Claymore Dividend & Income Fund (the “Fund”) to be redeemed:
 
Auction Market Preferred Shares, par value $.01 per share, liquidation preference $25,000 per share (the “Shares”), as identified by series and CUSIP in Annex A hereto
 
2.  
The date on which the securities are to be called or redeemed:
 
See Annex A for the dates on which Shares of each series are to be redeemed (the “Redemption Date”).
 
3.  
The applicable provisions of the governing instrument pursuant to which the securities are to be called or redeemed:
 
The Shares are to be redeemed pursuant to Section 4(a)(i) of the Statement of Preferences of Auction Market Preferred Shares of the Fund
 
4.  
The principal amount or number of shares and the basis upon which the securities to be redeemed are to be selected:
 
See Annex A for information concerning the number of Shares of each series and the aggregate principal amount of Shares of each series to be redeemed.  The Depository Trust Company (DTC), as the sole holder of record of each series of the Shares, determines how the redemption will be allocated among each participant broker-dealer account that holds Shares, which may include selecting Shares to be redeemed by lot or such other method as DTC deems fair and equitable, and each participant broker-dealer determines how to allocate each redemption among the holders of the Shares held by it.
 
 
 
SIGNATURE

Pursuant to the requirement of Rule 23c-2 of the Investment Company Act of 1940, the Fund has duly caused this Notice of Intention to Redeem Securities to be signed on its behalf by the undersigned on this 20th day of October, 2008.



 
DREMAN/CLAYMORE DIVIDEND & INCOME FUND
  
       
       
 
By:
/s/ Kevin M. Robinson
 
  
   
Name:
Kevin M. Robinson
 
  
   
Title:
Chief Legal Officer
 
  
 

 

Annex A

Series
CUSIP
Redemption
Date
Total Shares
to be
Redeemed
Aggregate Principal
Amount to be
Redeemed
M7
26153R209
November 12, 2008
1,200
$30,000,000
T28
26153R308
December 3, 2008
1,200
$30,000,000
W7
26153R407
November 13, 2008
1,200
$30,000,000
TH28
26153R506
November 21, 2008
1,200
$30,000,000
F7
26153R605
November 10, 2008
1,200
$30,000,000