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

    TORONTO, April 30 /CNW/ - O'Leary Funds Management LP, the manager (the
"Manager") of O'Leary Global Income Opportunities 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: OGO.un) on the Toronto Stock
Exchange ("TSX"). 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 919,570 trust units, representing 10% of
the public float of the securities issued and outstanding. These purchases
will be made in accordance with applicable regulations, and will be effected
through the facilities of TSX over a maximum period of 12 months commencing on
May 4, 2009 and ending on the earlier of May 3, 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 9,225,000 trust units issued and outstanding as at April 20,
2009. The Fund will not purchase in any given 30 day period, in the aggregate
more than 184,500 trust units, being 2% of the issued and outstanding trust
units as at April 20, 2009.

For further information:

For further information: For media inquiries: please contact: Investor
Relations at O'Leary Funds Management LP: info@olearyfunds.com or at (877)
849-2004 x226

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