-- the ongoing costs and expenses, both direct and indirect, associated with being listed on the AMEX; -- the ongoing corporate governance requirements of the AMEX and Sarbanes- Oxley Act of 2002 which apply only to listed companies; and -- the limited trading volume and liquidity of the Fund's stock on the AMEX.Delisting will allow management to focus its resources on pursuing the Fund's investment objectives and position the Fund to enhance long term stockholder value. The Fund will continue to maintain its investment company registration and update its stockholders with financial information as required. Commenting on these developments, Thomas B. Winmill, President of the Fund, stated: "Costs and obligations associated with being listed on the AMEX have a real effect on our results. In addition, due to our small market capitalization, we have not enjoyed many of the benefits traditionally associated with an AMEX listing. Our Board believes that stockholder value is best served through emphasizing future returns over the limited benefits that have resulted from our current AMEX listing." 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. 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. 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. Such risks, uncertainties and other factors include those described in the Fund's filings with the Securities and Exchange Commission. 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.
Contact Information: Contact: John F. Ramírez Email: 1-212-344-6310, extension 208