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 - March 2, 2009) - A quarterly dividend distribution of $0.05 per
share was declared today by Global Income Fund, Inc. (OTCBB : GIFD )
(PINKSHEETS : GIFD ), payable March 31, 2009 to shareholders of record March
16, 2009.
The $0.05 per share quarterly dividend distribution is payable from net
investment income and represents net income earned by the Fund for the year
ended December 31, 2008.
The Fund currently has a policy of paying 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. 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.