0000921895-09-002850 Sample Contracts

JOINT FILING AGREEMENT
Joint Filing Agreement • December 4th, 2009 • Western Investment LLC

In accordance with Rule 13d-1(k)(1)(iii) under the Securities Exchange Act of 1934, as amended, the persons named below agree to the joint filing on behalf of each of them of a Statement on Schedule 13D dated August 27, 2008 (including amendments thereto) with respect to the Common Stock of MBIA Capital/Claymore Managed Duration Investment Grade Municipal Fund. This Joint Filing Agreement shall be filed as an Exhibit to such Statement.

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AGREEMENT
Agreement • December 4th, 2009 • Western Investment LLC • New York

This Agreement is entered into as of November 27, 2009 (including the exhibit hereto, the “Agreement”), by and among Arthur D. Lipson, Robert Ferguson, Scott Franzblau, Western Investment LLC, Western Investment Hedged Partners L.P., Western Investment Activism Partners LLC, Western Investment Total Return Partners L.P., Western Investment Total Return Fund Ltd., Benchmark Plus Institutional Partners L.L.C., Benchmark Plus Partners L.L.C. and Benchmark Plus Management, L.L.C., and all of their respective directors, officers and Affiliates (as defined herein) (collectively, “Western”) and MBIA Capital /Claymore Managed Duration Investment Grade Municipal Fund (“MZF” and together with Western, the “Parties” and individually a “Party”).

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