O'Leary Global Equity Income Fund announces normal course issuer bid

    TORONTO, March 12 /CNW/ - O'Leary Funds Management LP, the manager (the
"Manager") of O'Leary Global Equity Income Fund (the "Fund") today announced
that the Fund has commenced a normal course issuer bid to purchase a portion
of the outstanding trust units (TSX: OGE.un) on the Toronto Stock Exchange.
The purpose of the normal course issuer bid is to provide the Fund with a
mechanism to decrease the potential spread between the net asset value per
unit and the market price of the trust units and to provide enhanced liquidity
for the trust units. Under the normal course issuer bid, the Fund intends to
purchase up to 357,334 trust units, representing 10% of the public float of
the securities issued and outstanding. These purchases will be made in
accordance with applicable regulations over a maximum period of 12 months
commencing on March 12, 2009 and ending on the earlier of March 11, 2010 or on
such date as the Fund completes its purchase under the normal course issuer
bid or on such date as the Fund may otherwise determine. Trust units purchased
will be cancelled. The Fund had 3,673,335 trust units issued and outstanding
as at February 24, 2009. The Fund will not purchase in any given 30 day
period, in the aggregate more than 73,467 trust units, being 2% of the issued
and outstanding trust units as at February 24, 2009.

For further information: Investor Relations at O'Leary Funds Management
LP, [e-mail] or at [phone] x226.