Contact Information: Contact: Thomas O'Malley E-mail: 1-212-344-6310, ext. 267
Global Income Fund Declares Quarterly Dividend
| Source: Global Income Fund
NEW YORK, NY--(Marketwire - September 1, 2009) - A quarterly dividend distribution of $0.055
per share was declared today by Global Income Fund, Inc. (OTCBB : GIFD )
(PINKSHEETS : GIFD ), payable September 30, 2009 to shareholders of record
September 15, 2009.
The $0.055 per share quarterly dividend distribution reflects the current
managed distribution policy of the Fund to pay quarterly distributions of
approximately 5% of the Fund's net asset value per share on an annual
basis. The policy is intended to provide shareholders with a relatively
stable cash flow and reduce or eliminate the Fund's market price discount
to its net asset value per share. The amount of the distribution may vary
depending on the net asset value per share at the time of declaration and
the policy may be changed or discontinued without notice. The distributions
are paid primarily from ordinary income and any net capital gains, with the
balance representing return of capital.
As of the date of this press release, the majority, and possibly all, of
this current distribution of $0.055 per share will be comprised of net
investment. This is only an estimate based on information available at this
time and is subject to change. Actual amounts may be re-characterized for
tax purposes after the Fund's fiscal year end. In January, shareholders
receive information concerning the taxable status of the dividend
distributions that were paid to shareholders of record in the 12 months
ended December 31.
The primary investment objective of Global Income Fund, Inc. is to
provide for its shareholders a high level of income, with capital
appreciation as a secondary objective. The Fund pursues its investment
objectives by investing primarily in a global portfolio of investment grade
fixed income securities and closed end funds that invest significantly in
income producing securities. The Fund is managed by CEF Advisers,
Inc., a subsidiary of Winmill & Co.
Incorporated, which is engaged through subsidiaries in stock market and
gold investing
through its investment management of equity and gold mutual
funds, and closed end funds. More information about the Fund may be
obtained at www.globalincomefund.net.