Exhibit (a)(1)(iii)
NOTICE OF GUARANTEED DELIVERY
FOR TENDER OF COMMON SHARES OF
MBIA CAPITAL/CLAYMORE MANAGED DURATION INVESTMENT GRADE
MUNICIPAL FUND (MZF)
PURSUANT TO THE OFFER TO REPURCHASE
DATED FEBRUARY 11, 2010
This form, or one substantially equivalent hereto, must be used to
accept the Offer (as defined below) if certificates representing common shares
of beneficial interest, par value $0.001 per share (the "Common Shares"), of
MBIA Capital/Claymore Managed Duration Investment Grade Municipal Fund (the
"Fund") are not immediately available, if the procedure for book-entry transfer
cannot be completed on a timely basis, or if time will not permit the Letter of
Transmittal and all other required documents to be received by BNY Shareowner
Services (the "Depositary") at or before the Expiration Date. The "Expiration
Date" of the Offer is 5:00 p.m., Eastern time, on March 12, 2010, unless the
Fund, in its sole discretion, extends the period the Offer is open, in which
case "Expiration Date" will be the time and date on which the Offer, as so
extended by the Fund, expires. This form may be delivered by hand or overnight
courier or mail to the Depositary at the appropriate address set forth below,
MUST INCLUDE A SIGNATURE GUARANTEE BY AN ELIGIBLE INSTITUTION (as defined in the
Offer to Repurchase), if required, and must be received by the Depositary on or
before the Expiration Date. See Section 4, "Procedures for Tendering Common
Shares for Repurchase" of the Offer to Repurchase dated February 11, 2010 (the
"Offer to Repurchase").
The Depositary for the Offer is:
BNY MELLON SHAREOWNER SERVICES
By Registered, Certified or Express Mail,
By First Class Mail: Overnight Courier or by Hand:
BNY Mellon Shareowner Services BNY Mellon Shareowner Services
Attn: Corporate Actions Dept., 27th Floor Attn: Corporate Actions Dept., 27th Floor
P.O. Box 3301 480 Washington Boulevard South
Hackensack, NJ 07606 Jersey City, NJ 07310
By Facsimile (for Eligible Institutions Only):
(201) 680-4626
Confirm Facsimile Transmission:
(201) 680-4860
DELIVERY OF THIS INSTRUMENT TO AN ADDRESS
OTHER THAN THOSE SHOWN ABOVE DOES NOT
CONSTITUTE A VALID DELIVERY
THIS NOTICE OF GUARANTEED DELIVERY TO THE DEPOSITARY IS NOT TO BE USED
TO GUARANTEE SIGNATURES. IF A SIGNATURE ON A LETTER OF TRANSMITTAL IS REQUIRED
TO BE GUARANTEED BY AN ELIGIBLE INSTITUTION UNDER THE INSTRUCTIONS THERETO, SUCH
SIGNATURE GUARANTEE MUST APPEAR IN THE APPLICABLE SPACE PROVIDED IN THE
SIGNATURE BOX ON THE LETTER OF TRANSMITTAL.
THE GUARANTEE INCLUDED HEREIN MUST BE COMPLETED.
Ladies and Gentlemen:
The undersigned hereby tenders to MBIA Capital/Claymore Managed
Duration Investment Grade Municipal Fund (the "Fund"), upon the terms and
subject to the conditions set forth in the Offer to Repurchase and the related
Letter of Transmittal, each dated February 11, 2010 (which together constitute
the "Offer"), receipt of which is hereby acknowledged, the number of Common
Shares specified below and all Common Shares that may be held in the name(s) of
the registered holder(s) by the Fund's transfer agent pursuant to the Dividend
Reinvestment Plan, pursuant to the guaranteed delivery procedures set forth in
Section 4, "Procedures for Tendering Common Shares for Repurchase," of the Offer
to Repurchase.
Number of Shares Tendered:
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Certificate Nos.(if available): Name(s) of Record Holder(s):
------------- --------
- --------------------------------------- --------------------------------------
Address(es):
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City State Zip Code
Area Code and Telephone Number(s):
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Taxpayer Identification or Social Security Number(s):
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If Common Shares will be tendered by book-entry transfer to BNY Mellon
Shareowner Services, please check box:
| |
The Depository Trust Company
Account Number:
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The undersigned also tenders all uncertificated Common Shares that may be held
in the name(s) of the registered holder(s) by the Fund's transfer agent pursuant
to the Fund's Dividend Reinvestment Plan:
| | Yes | | No
(Note: If neither of these boxes is checked, any such uncertificated Common
Shares will NOT be tendered.)
Dated: , 20___
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Signature
YOU MUST PROVIDE THE INFORMATION REQUESTED ABOVE. FAILURE TO FURNISH
THE INFORMATION REQUESTED REGARDING ACCOUNT INFORMATION WILL RESULT IN AN
INCOMPLETE REPURCHASE REQUEST AND THE FUND WILL NOT BE ABLE TO REPURCHASE YOUR
COMMON SHARES.
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SHAREHOLDER ACCOUNTS:
Name of Record Holder or DTC Participant (if shares held in "street name")
("Record Holder"):
- --------------------------------------------------------------------------------
DTC Participant No.:
- --------------------------------------------------------------------------------
Agent Identification No.:
- --------------------------------------------------------------------------------
Account No.:
- --------------------------------------------------------------------------------
Account Contact Name:
- --------------------------------------------------------------------------------
Telephone No. of Account Contact:
- --------------------------------------------------------------------------------
Telephone No. of Record Holder:
- --------------------------------------------------------------------------------
E-mail address (if available) of Account Contact:
- --------------------------------------------------------------------------------
E-mail address (if available) of Record Holder:
- --------------------------------------------------------------------------------
YOU MUST PROVIDE THE INFORMATION REQUESTED ABOVE. FAILURE TO FURNISH
THE INFORMATION REQUESTED REGARDING ACCOUNT INFORMATION WILL RESULT IN AN
INCOMPLETE REPURCHASE REQUEST AND THE FUND WILL NOT BE ABLE TO REPURCHASE YOUR
COMMON SHARES.
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GUARANTEE
The undersigned, a member firm of a registered national securities
exchange, a member of the Financial Industry Regulatory Authority, Inc., or a
commercial bank or trust company having an office, branch, or agency in the
United States, hereby: (a) guarantees to deliver to the Depositary certificates
representing the Common Shares tendered hereby, in proper form for transfer (or
tender shares pursuant to the procedure for book-entry transfer into the
Depositary's account at The Depository Trust Company), together with (i) a
properly completed and duly executed Letter of Transmittal with any required
signature guarantees and (ii) other required documents, all of which must be
received by the Depositary prior to 5:00 p.m., Eastern time, on the third New
York Stock Exchange trading day after the date of receipt by the Depositary of
this Notice of Guaranteed Delivery, properly completed and duly executed; and
(b) represents that such tender of Common Shares complies with Rule 14e-4 under
the Securities Exchange Act of 1934, as amended.
Name of Firm:
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(Please Print)
Authorized Signature:
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Name:
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(Please Print)
Title:
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Address:
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City State Zip Code
Area Code and Telephone Number:
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Date:
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DO NOT SEND SHARE CERTIFICATES WITH THIS FORM.
YOUR SHARE CERTIFICATES MUST BE SENT WITH THE LETTER OF TRANSMITTAL.
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