Global Dividend Fund Declares 2009 Distribution

    TORONTO, Jan. 12 /CNW/ - (TSX: GDP.UN) - Global Dividend Fund (the
"Fund") today announced that its anticipated monthly distribution for the
calendar year 2009 will remain 5.50% on an annualized basis.
    The distribution represents a yield of 12.7% on yesterday's closing price
of $4.36. The current yield on the Global Dividend Fund portfolio at December
31, 2008 was 3.8%.

    frontierAlt Capital Corporation is the Manager of the Fund.

    %SEDAR: 00024492E

For further information:

For further information: Asif Khan, Chairman & CEO, frontierAlt Capital
Corporation, Tel: (416) 623-3161, Fax: (416) 360-6202, Email:; Taras Hucal, President, frontierAlt Funds Management
Limited, Tel: (416) 623-3171, Fax: (416) 360-6202, Email:

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