ING Clarion Global Real Estate Income Fund "IGR" Declares Monthly Distribution for May

PHILADELPHIA--(Business Wire)--
The Board of Trustees of the ING Clarion Global Real Estate Income Fund
(NYSE:IGR) (the "Fund"), which trades on the New York Stock Exchange under the
symbol "IGR", declared a monthly distribution of $0.045 per share for the month
of May 2009. The following dates apply:

Ex-Dividend Date Record Date Payable Date
May 2009 05-22-2009 05-26-2009 05-29-2009

IGR`s current distribution rate represents an annualized yield of 12.0% based on
the closing market price of $4.50 on May 8, 2009 and a 10.4% yield on a closing
NAV of $5.39 as of the same date.

Future earnings of the Fund cannot be guaranteed and the Fund`s dividend policy
is subject to change. For more information on the Fund, please visit our website
at www.ingclarionres.com.

The Fund`s dividend policy is established by the Board of Trustees. The dividend
is set by the Board at regular intervals with consideration of investment income
and realized gains expected for the year. Each distribution is expected to be
paid from some or all of the following sources: net investment income, realized
long-term gains and short-term gains, and unrealized gains or in certain cases a
return of capital (i.e., a non-taxable distribution). The Fund`s distribution
rate should not be confused with pure income or yield. We strive to establish a
level regular dividend that over the course of the year will pay out all income
and realized gains with a minimum of special distributions.

ING Clarion Global Real Estate Income Fund is a closed-end fund, which is traded
on the New York Stock Exchange, which invests primarily in real estate
securities. Holdings are subject to change. Past performance is no guarantee of
future results. Closed-end funds, unlike open-end funds, are not continuously
offered. After a public offering, once issued, shares of closed-end funds
frequently trade at a discount to net asset value. The price of the Fund`s
shares is determined by a number of factors, several of which are beyond the
control of the Fund. Therefore, the Fund cannot predict whether its shares will
trade at, below, or above net asset value. Investing in closed-end funds
involves risk including the possible loss of principal.

While equities may offer the potential for greater long-term growth than most
debt securities, they generally have higher volatility. This Fund is subject to
risks similar to those associated with the direct ownership of real estate.
Because the Fund`s investments are concentrated in the real estate industry, the
value of the Fund may be subject to greater volatility than a fund with a
portfolio that is less concentrated. These companies are sensitive to factors
such as changes in real estate values and property taxes, interest rates, cash
flow of underlying real estate assets, supply and demand, and the management
skill and credit worthiness of the issuer. REITs may also be affected by tax and
regulatory requirements. The Fund may invest in small- and mid-sized companies,
which may be more susceptible to price swings and less liquidity than larger
companies.

The Fund invests primarily in real estate investment trusts (REITs) and similar
companies. When these companies make distributions to the Fund during the year,
the Fund uses past disclosures and the estimates provided by the companies to
provide you with estimated sources of distributions paid to you. Until the Fund
receives a final determination from these companies as to the source of
distributions - generally around January 31 of the following year - the Fund
cannot provide you with a final determination of the source of distributions
paid.

The amounts and sources of distributions reported are only estimates and are not
provided for tax reporting purposes.The actual amounts and sources of the
amounts for accounting and tax reporting purposes will depend upon the Fund`s
investment experience during the remainder of its fiscal year and may be subject
to changes based on tax regulations.

For the current 2009 fiscal year (January 1, 2009 to May 31, 2009) the Fund has
made five (5) regular monthly distributions which in aggregate equal $0.225 per
share. The source of the distribution paid during the month and current fiscal
year is estimated as follows:

Estimated Source of Distributions:
Distribution Estimated Allocations
Net Investment Net Realized Short- Net Realized Long- Return of

Income
Term Capital Gains
Term Capital Gains
Capital
Current $0.045 $0.028 (62%) -- (0%) -- (0%) $0.017 (38%)
YTD $0.225 $0.140 (62%) -- (0%) -- (0%) $0.085 (38%)

SHAREHOLDERS SHOULD NOT USE THE INFORMATION PROVIDED IN PREPARING THEIR TAX
RETURNS.SHAREHOLDERS WILL RECEIVE A FORM 1099-DIV FOR THE CALENDAR YEAR
INDICATING HOW TO REPORT FUND DISTRIBUTIONS FOR FEDERAL INCOME TAX PURPOSES.THE
ABOVE TABLES ARE ESTIMATED AND SHOULD NOT BE TAKEN TO DENOTE THE ACTUAL
BREAKDOWN OF DISTRIBUTIONS FOR TAX PURPOSES.THE YEAR-TO-DATE ESTIMATES REFLECT
CURRENT ESTIMATES AND MAY DIFFER FROM PAST TABLES.

The Fund invests in certain companies that have been designated as "passive
foreign investment companies" ("PFICs") for purposes of U.S. tax regulations.
Increases in the value of these PFICs increases the income of the Fund and the
distribution requirements of the Fund. Decreases in the value of these PFICs
offset the other investment income of the Fund and may result in the
characterization of distributions (or a portion thereof) as return of capital.

The Fund estimates that it has distributed more than its income and capital
gains; therefore, a portion of your distribution may be a return of capital. A
return of capital may occur, for example when some or all of the money that you
invested in the Fund is paid back to you. A return of capital distribution does
not necessarily reflect the Fund`s investment performance and should not be
confused with "yield" or "income".

Shareholders should not draw any conclusions about the Fund`s investment
performance from the amount of this distribution or from the terms of the Fund`s
managed distribution policy.Please note that all performance figures below are
based on the Fund`s net asset value ("NAV") and not the market price of the
Fund`s shares.Performance figures are not meant to represent individual
shareholder performance.

The Fund`s cumulative year-to-date total return for fiscal year 2009 (January 1,
2009 through April 30, 2009) is set forth below. Shareholders should take note
of the relationship between the Year-to-date Cumulative Total Return on NAV and
the Fund`s Cumulative Distribution Rate for 2009. Moreover, the Fund`s Average
Annual Total Return (in relation to its NAV) for the preceding five-year period
(May 1, 2004 through April 30, 2009) is set forth below. Shareholders should
take note of the relationship between the Fund`s Average Annual Total Return on
NAV for the preceding five-year period and the Fund`s Current Annualized
Distribution Rate for 2009 as well as its Average Annual Distribution Rate for
the preceding five-year period. The performance and distribution rate
information disclosed in the table below is based on the Fund`s NAV. The Fund`s
NAV is calculated as the total market value of all the securities and other
assets held by the Fund minus the total liabilities, divided by the total number
of common shares outstanding. While NAV performance may be indicative of the
Fund`s investment performance, it does not measure the value of a shareholder`s
individual investment in the Fund. The value of a shareholder`s investment in
the Fund is determined by the Fund`s market price, which is based on the supply
and demand for the Fund`s shares in the open-market. Shareholders holding Fund
shares indirectly with a broker dealer should contact their financial advisor
regarding the market price performance of their investment in the Fund.

Fund Performance and Distribution Rate Information:

Year-to-date 1/1/2009 to 4/30/2009
Year-to-date Cumulative Total Return on NAV1 -7.20%
Cumulative Distribution Rate2 3.59%
Preceding Five-Year Period 5/1/2004 to 4/30/2009
Average Annual Total Return on NAV3 5.13%
Average Annual Distribution Rate4 12.02%
Current Annualized Distribution Rate5 10.76%

1 Year-to-date Cumulative
Total Return on NAV is the
percentage change in the
Fund`s NAV over the year-to
-date time period including
distributions paid and
assuming reinvestment of
those distributions.

2 Cumulative Distribution
Rate for the Fund`s current
fiscal period (January 1,
2009 through April 30,
2009) measured on the
dollar value of
distributions in the year
-to-date period as a
percentage of the Fund`s
NAV as of April 30, 2009.

3 Average Annual Total Return
on NAV represents the
simple arithmetic average
of the Annual NAV Total
Returns of the Fund for the
preceding five-year period.
Annual NAV Total Return is
the percentage change in
the Fund`s NAV over a year
including distributions
paid and assuming
reinvestment of those
distributions.

4 Average Annual Distribution
Rate is the simple
arithmetic average of the
Annual Distribution Rates
for the preceding five-year
period. The Annual
Distribution Rates are
calculated by taking the
total distributions paid
during the period divided
by average daily NAV for
the period.

5 The Current Annualized
Distribution Rate is the
current monthly
distribution rate
annualized as a percentage
of the Fund`s NAV as of
April 30, 2009.

Please refer to the chart below for information about the Fund`s historical
NAVs, change in NAVs, total returns, and distributions paid.

End of
Period
Average NAV Annualized Level Special Total
Daily NAV Per Change Total Distribution Distributions Distributions Distributions
for Period Share in NAV Returns Rate4 Paid Paid Paid
IPO $15.00
20041 $14.39 $17.46 16.40% 28.20% 5.77% $0.75 $0.08 $0.83
2005 $16.81 $17.23 -1.32% 8.13% 8.75% $1.29 $0.18 $1.47
2006 $20.27 $22.78 32.21% 53.42% 16.13% $1.38 $1.89 $3.27
2007 $21.67 $16.16 -29.06% -15.82% 14.86% $1.38 $1.84 $3.22
2008 $11.97 $ 5.63 -65.16% -61.14% 10.36% $1.24 $ - $1.24
20092 $4.59 $ 5.02 -10.83% -7.20% 3.92% $0.18 $ - $0.18
Average3 1.08% 11.55%

Since Inception Annualized Total Return -8.10%

1 Figures for 2004
are from
February 24,
2004, the Fund`s
inception date.

2 2009 figures are
year-to-date
through April
30, 2009.

3 Average
calculated on
number of months
and years since
inception. The
Fund`s inception
date was
February 24,
2004.

4 Distribution
rate calculated
by taking the
total
distributions
paid within the
period divided
by average daily
NAV for the
period.

Sources: NAV per share amounts and annualized total returns are published in the Fund`s audited annual reports for
the respective year.

About ING Clarion Real Estate Securities

ING Clarion Real Estate Securities is a registered investment management firm
specializing in the management of equity real estate securities.Headquartered
near Philadelphia, Pennsylvania the firm has approximately $11 billion in assets
under management as of December 31, 2008 and over 70 employees located
throughout the United States, the United Kingdom, Hong Kong, and Japan.

ING Clarion Real Estate Securities is the real estate equity management arm of
ING Real Estate an integrated real estate group focused on the investment
management, finance and development of quality real estate in all major global
markets with a total portfolio of over $149 billion. ING Real Estate ranks among
the world`s leading real estate companies and serves a broad client base from
offices in 22 countries in Europe, North and South America, Asia and
Australia.ING Real Estate is part of ING Group.

More information on ING Clarion`s Closed-End Funds is available at
www.ingclarionres.com.

ING Clarion Real Estate Securities
Analyst and Press Inquiries:
David Leggette, Vice President, 610-995-2500

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