IGR Announces Dividend and Special Distribution for December 2007

New York, New York and Philadelphia, Pennsylvania – December 10, 2007 – The Board of Directors of the ING Clarion Global Real Estate Income Fund (NYSE: IGR) (the ‘Trust’), which trades on the New York Stock Exchange under the symbol ‘IGR’, today declared a normal monthly dividend of $0.115 per share for the month of December 2007 and has authorized a special dividend of $1.705 per common share. Both dividends authorized by the Board today will be paid together as one distribution of $1.82 per share ($0.94 per share will be characterized as long-term capital gains and $0.88 per share will be characterized as ordinary income). The following dates apply:

Including the dividends declared today, during 2007 the fund will have paid normal monthly dividends totaling $1.38 per share ($0.115 per month) and special distributions of $1.84 per share bringing total distributions paid this year to $3.22 per share. Total capital gains distributions have been identified for the year of $1.19 per share including the December distributions.

All of the distributions paid during the year are subject to recharacterization for tax purposes. A portion of the dividends paid by REITs may be recharacterized for tax purposes following year-end as capital gain and/or return of capital. To the extent this occurs, distributions paid by the fund during the year may also be reclassified to reflect these recharacterizations. To the extent these changes do occur, they may have the effect of reducing the net investment income component of fund distributions and correspondingly increasing the return of capital component. Shareholders will receive notification in a Form 1099-DIV of the exact composition of all distributions for the year and the related tax treatment.

The Trust’s primary investment objective is high current income. The Trust’s secondary investment objective is capital appreciation. Under normal market conditions the Trust will invest at least 80% of its total assets in global income producing "Real Estate Securities."

ING Clarion Real Estate Securities acts as the Trust’s investment advisor. ING Clarion Real Estate Securities is responsible for the Trust’s portfolio assets.