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 - December 3, 2007) - A quarterly dividend distribution of $0.055
per share for the quarter ending December 31, 2007 was declared today by
Global Income Fund, Inc. (AMEX : GIF ), payable December 31, 2007 to
shareholders of record December 18, 2007.
The $0.055 per share quarterly dividend distribution reflects a managed
distribution policy of the Fund. 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.
Under the managed distribution policy, distributions of approximately 5% of
the Fund's net asset value per share on an annual basis are paid primarily
from ordinary income and any net capital gains, with the balance
representing return of capital. As of December 3, 2007, the date of this
press release, the current distribution of $0.055 per share would include
approximately 45%, 0%, and 55% from ordinary income, capital gains, and
return of capital, respectively. This is only an estimate based on
information available at this time and is subject to change. The estimated
components of the distribution are provided to shareholders of record in a
notice accompanying the distribution. Actual amounts may be
re-characterized for tax purposes after year end 2007. In January,
shareholders receive information concerning the taxable status of the
dividend distributions that were paid in the 12 months ended December 31 to
shareholders of record.
The primary and fundamental objective of Global Income Fund is to provide a
high level of income. The Fund's secondary, non-fundamental, investment
objective is capital appreciation. 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/.
CUSIP 37934Y108