Strategic Global Income Fund, Inc. (“Fund”) (NYSE: SGL), a non-diversified, closed-end management investment company seeking a high level of current income as a primary objective and capital appreciation as a secondary objective through investments in US and foreign debt securities, today announced that the Fund’s Board of Directors has approved a revision to the Fund’s managed distribution policy and a waiver reducing the Fund’s management fee.

Change to Managed Distribution Policy

The Fund adopted a managed distribution policy (“Policy”) in May 1998. Pursuant to the Policy as in effect since its last revision in May 2005, the Fund made regular monthly distributions at an annualized rate equal to 8% of the Fund’s net asset value, as determined as of the last day on which the New York Stock Exchange is open for trading during the first week of that month. The Board has approved a reduction in the annualized rate for distributions pursuant to the Policy from 8% to 7% effective beginning with the monthly distribution in August. (The amount of the July distribution, previously announced in a press release issued on July 13, 2009, remains unchanged.) The Board believes that this revised rate is appropriate based upon the recommendation of UBS Global Asset Management (Americas) Inc. (“UBS Global AM”), the Fund’s investment adviser, in light of the Fund’s investment opportunities.

To the extent that the Fund’s taxable income in any fiscal year exceeds the aggregate amount distributed based on a fixed percentage of its net asset value, the Fund would make an additional distribution in the amount of that excess near the end of the fiscal year. To the extent that the aggregate amount distributed by the Fund (based on a percentage of its net assets) exceeds its current and accumulated earnings and profits, the amount of that excess would constitute a return of capital or net realized capital gains for tax purposes. A return of capital may occur, for example, when some or all of the money that shareholders invested in the Fund is deemed to be paid back to shareholders. A return of capital distribution does not necessarily reflect the Fund’s investment performance and should not be confused with “yield” or “income.”

The Fund estimates the source characteristics of its monthly distributions. The amounts and sources reported are only estimates and are not being provided for tax reporting purposes.