GLV Clough Global Dividend and Income Fund

Today, the Clough Global Allocation Fund (Amex: GLV) declared its quarterly cash distribution of $0.36 per share for April 2006. The distribution will be payable on April 28, 2006, to shareholders of record on April 13, 2006. Clough Global Allocation Fund Cash Distribution Ex-Date: April 11, 2006 Record Date: April 13, 2006 Payable Date: April 28, 2006 The Fund has approximately $400 million in total assets, its net asset value was $24.14 per share and the market price was $24.75 as of March 15, 2006. Subject to market conditions, the Fund intends to distribute subsequent regular quarterly cash distributions. A portion of the distribution may be treated as paid from sources other than net income, including but not limited to short-term capital gain, long-term capital gain and return of capital. The final determination of the source of all distributions in 2006, including the percentage of qualified dividend income, will be made after year-end. The Clough Global Allocation Fund The Fund is a closed-end fund with an investment objective of providing a high level of total return. It intends to achieve this objective by applying a fundamental research-driven investment process, investing in equity and equity-related securities, as well as fixed income securities, including both corporate and sovereign debt in both U.S. and non-U.S. markets. More information on the Clough Global Allocation Fund, including the Fund's dividend reinvestment plan, can be found at www.cloughglobal.com or call 877-256-8445. Clough Capital Partners L.P. Clough is a Boston-based investment management firm that has approximately $1.6 billion under management. The firm uses a global and theme-based investment approach based to identify chronic shortages and growth opportunities. Clough was founded in 2000 by Chuck Clough and partners James Canty and Eric Brock. The three are the portfolio managers for the Clough Global Allocation Fund. An investor should consider investment objectives, risks, charges and expenses carefully before investing. To obtain a prospectus which contains this and other information visit www.cloughglobal.com or call 877-256-8445. Read the prospectus carefully before investing. The Clough Global Allocation Fund is a closed-end fund and closed-end funds do not continuously issue shares for sale as open-end mutual funds do. Since the initial public offering, the Fund now trades in the secondary market. Investors wishing to buy or sell shares need to place orders through an intermediary or broker. The share price of a closed-end fund is based on the market's value.