Global Income Fund Declares Quarterly Dividend

NEW YORK, NY--(Marketwire - Mar 1, 2012) - A quarterly dividend distribution of $0.065 per share was declared today by Global Income Fund, Inc. (PINKSHEETS: GIFD) (OTCBB: GIFD), payable March 30, 2012 to shareholders of record as of March 15, 2012.

This notice discloses information on the sources of the distribution as required by SEC Rule 19(a) of the Investment Company Act of 1940. As of the date of this press release and based on the Fund's results and estimates for the current quarter, the current distribution of $0.065 per share would include approximately 62%, 0%, and 38% from net investment income, capital gains, and return of capital, respectively.

The amounts and sources of distributions reported in this press release are only estimates and are not being provided for tax reporting purposes. The actual amounts and sources of the amounts for tax reporting purposes will depend upon the Fund's investment experience during the entirety of its fiscal year and may be subject to changes based on tax regulations. In early 2013, the Fund will send a Form 1099-DIV for the calendar year concerning the tax treatment of the dividend distributions that were paid to shareholders of record during the 12 months ended December 31, 2012.

The Fund is also pleased to announce that it has appointed American Stock Transfer & Trust Company, LLC, 6201 15^th Avenue, Brooklyn, NY 11219, 1-800-278-4353, as its new transfer and dividend disbursing agent.

Safe Harbor Note

This release contains certain "forward looking statements" made pursuant to the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995. These statements involve known and unknown risks, uncertainties and other factors, many of which are beyond the control of the Fund, which may cause the Fund's actual results to be materially different from those expressed or implied by such statements. The forward looking statements made herein are only made as of the date of this release, and the Fund undertakes no obligation to publicly update such forward looking statements to reflect subsequent events or circumstances.