O'Leary Global Equity Income Fund Announces Regular Distribution for December, 2008

    TORONTO, Jan. 5 /CNW/ - O'Leary Global Equity Income Fund (TSX: OGE.un/
OGE.wt) (the "Fund") announces its regular distribution of $0.05 per Unit for
the month ending December 31, 2008. This distribution brings cumulative
distributions to $0.25 per Unit since inception of the Fund. The distribution
wil be paid in cash on or before January 15, 2009 to Unitholders of record on
December 31, 2008.

For further information:

For further information: Investor Relations for O'Leary Funds at (877)
849-2004 x226 or olearyglobal@gencapfunds.com or visit www.gencapfunds.com

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