GLV Clough Global Dividend and Income Fund

Today, the Clough Global Equity Fund (AMEX: GLQ) and the Clough Global Opportunities Fund (AMEX: GLO) (each the �Fund� and together with the Clough Global Allocation Fund (AMEX: GLV) the �Funds�) is pleased to announce the redemption of all outstanding shares of certain series of Auction Market Preferred Shares (the �AMPS�) at par, as set forth below, in their entirety pursuant to their terms. Series and CUSIP Number � Total Liquidation Preference � Redemption Date GLQ Series F7 (Cusip: 18914C308) $75,000,000 May 5, 2008 GLO Series F7 (Cusip: 18914E403) $90,000,000 May 5, 2008 The Funds intend to redeem all outstanding shares of the remaining series of AMPS at par, as set forth below, in their entirety pursuant to their terms. Series and CUSIP Number � Total Liquidation Preference � Redemption Date GLO Series T28 (Cusip: 18914E502) $90,000,000 May 7, 2008 GLV Series W28 (Cusip: 18913Y202) $95,000,000 May 22, 2008 GLO Series Th28 (Cusip: 18914E601) $90,000,000 May 23, 2008 The Funds have already redeemed all outstanding shares of the following series of AMPS at par, in their entirety pursuant to their terms. Series and CUSIP Number � Total Liquidation Preference � Redemption Date GLQ Series M28 (Cusip: 18914C209) $100,000,000 April 29, 2008 GLO Series M7 (Cusip: 18914E205) $90,000,000 April 29, 2008 GLO Series W7 (Cusip: 18914E304) $90,000,000 May 1, 2008 Each Fund has obtained overnight collateralized financing from a financial institution to provide new funding to redeem the AMPS and provide up to 33% leverage to the Funds going forward. Each of the Fund�s Board of Trustees has approved the refinancing which is expected to lower the costs of leverage for the Funds. Each Fund�s obligation to redeem the AMPS shares is subject to having sufficient funds available to it from its borrowing arrangement to finance the redemption. More information on the Funds can be found at www.cloughglobal.com or by calling 877-256-8445. The Funds are closed-end fund mutual funds. Closed-end funds do not continuously issue shares for sale as open-end mutual funds do. Since the initial public offerings, the Clough Global Funds now trade in the secondary market. Investors wishing to buy or sell shares need to place orders through an intermediary or broker.