GLV Clough Global Dividend and Income Fund

The Clough Global Allocation Fund (NYSE Amex: GLV) announces AMENDED tax status for its 2008 distributions as follows:

� � � Total Ordinary Dividends � �

RecordDate

PayableDate

Amountper Share

Qualified

�

Non-Qualified

Long-TermCapital Gains

Return ofCapital

04/16/08 04/30/08 $0.46 26.65% 38.37% -- 34.98% 07/16/08 07/31/08 $0.46 26.65% 38.37% -- 34.98% 10/16/08

10/31/08

$0.32

1.16%

1.67%

95.65%

1.52%

�

These AMENDED tax designations are based upon final tax reporting requirements and should be used by shareholders for tax return preparation.

This notice is provided to you for informational purposes only, and should not be considered tax advice. Please consult your tax advisor for further assistance.

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 advisory firm which manages approximately $2.2 billion in assets: $525 million in hedge fund and institutional accounts and $1.7 billion in three closed-end funds � Clough Global Allocation (GLV), Clough Global Equity (GLQ), and the Clough Global Opportunities Fund (GLO). The firm uses a global and theme-based approach and invests in securities on a global basis. Clough was founded in 2000 by Chuck Clough and partners James Canty and Eric Brock. These 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.