Contact Information: John F. Ramírez Email: 1-212-344-6310, extension 208
Global Income Fund Announces Availability of First Quarter Profile Sheet
| Source: Global Income Fund
NEW YORK, NY--(Marketwire - April 28, 2008) - Global Income Fund, Inc. (OTCBB : GIFD )
(PINKSHEETS : GIFD ) today announced that the Fund's profile sheet for the
first quarter of 2008 is available on its website, www.GlobalIncomeFund.net.
The primary investment objective of Global Income Fund, Inc. is to provide
its shareholders a high level of income, with capital appreciation as a
secondary objective. The Fund pursues its 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.
More information about the Fund may be obtained at www.GlobalIncomeFund.net.
As previously announced, the Fund made a quarterly dividend distribution of
$0.06 per share for the quarter ending March 31, 2008. Under the current
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 the date of the prior announcement, the majority,
and possibly all, of that distribution of $0.06 per share was comprised of
ordinary income. That was only an estimate based on information available
at that time and is subject to change. Actual amounts may be
re-characterized for tax purposes after year end 2008.
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.