Computershare Shareowner Services LLC

Guggenheim Enhanced Equity Strategy Fund (NSYE: GGE) Cusip: 40167K100

Dear Shareholder(s):

The Guggenheim Enhanced Equity Strategy Fund (the "Fund") adopted a policy such that the quarterly distributions to shareholders would consist of net investment income and net realized gains, if any. The quarterly distribution in the amount of $0.4850 per share payable May 30, 2014 from the Fund to shareholders of record on May 15, 2014, is estimated to consist of $0.4850 per share of short-term capital gain.
The final determination of the source of the 2014 distributions will be made after the end of the Fund's fiscal year and will be reported to you in January 2015 on Form 1099-DIV.
COMPUTERSHARE Transfer Agent
May 2014

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