Strategic Global Income Fund, Inc. - Distribution Declaration and Updated Price & Distribution Rate Information

NEW YORK--(Business Wire)--
Strategic Global Income Fund, Inc. (the "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 declared a regular monthly distribution of $0.0641 per share.
The distribution is payable on May 29, 2009 to shareholders of record as of May
21, 2009. The ex-dividend date is May 19, 2009.

The Fund adopted a managed distribution policy in May 1998, which was revised
effective January 2000 and in May 2005. Pursuant to the policy as currently in
effect, the Fund makes 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. Based on information available at this time, the Fund estimates that
portions of the current regular monthly distribution may be comprised of net
investment income and capital gain distributions. Further information regarding
the estimated sources of the current regular monthly distribution will be
provided around month-end; however, information provided will be an estimate and
subject to change based on the Fund`s investment experience during the remainder
of its fiscal year.

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 fixed percentage of its net asset value 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.
From time to time, the Fund may project that a portion of a distribution may
consist of a return of capital based on information available at that time. Such
an estimate is subject to change based on the Fund`s investment experience
during the remainder of its fiscal year. The actual sources of the Fund`s
regular monthly distributions may be net investment income, net realized capital
gains, return of capital or a combination of the foregoing and may be subject to
retroactive recharacterization at the end of the Fund`s fiscal year based on tax
regulations. The actual amounts attributable to each of the sources will be
reported to each shareholder next January on Form 1099-DIV.

Monthly distributions based on a fixed percentage of the Fund`s net asset value
may require the Fund to make multiple distributions of long-term capital gains
during a single fiscal year. The Fund has received exemptive relief from the
Securities and Exchange Commission that enables it to do so. The Fund`s Board
receives recommendations from UBS Global Asset Management (Americas) Inc., the
Fund`s investment advisor, periodically and no less frequently than annually
will reassess the annualized percentage of net assets at which the Fund`s
monthly distributions will be made. The Fund`s Board may change or terminate the
managed distribution policy at any time; any such change or termination may have
an adverse effect on the market price for the Fund`s shares.

Characteristics as of April 30, 2009:*

Net Asset Value per share $9.63
Market Price per share $8.16
NAV Distribution Rate (DR) 7.99%
Market Distribution Rate (DR) 9.43%

* Net asset value (NAV),
market price and
distribution rates will
fluctuate. NAV distribution
rate (DR) is calculated by
multiplying the current
month`s distribution by 12
and dividing by the month
-end net asset value.
Market distribution rate
(DR) is calculated by
multiplying the current
month`s distribution by 12
and dividing by the month
-end market price.

UBS Global Asset Management Closed-End Funds Desk, 888-793-8637

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