Strategic Global Income Fund, Inc. - Reports Earnings

NEW YORK--(Business Wire)--
Strategic Global Income Fund,Inc. (the "Fund") (NYSE: SGL), a non-diversified,
closed-end management investment company seeking high current income and
secondarily, capital appreciation through investments in US and foreign debt
securities, today announced its performance for the fiscal third quarter ended
and fiscal year-to-date ended August 31, 2009.

For the fiscal third quarter ended August 31, 2009, the Fund's earnings from net
investment income (excluding short-term capital gains) were $2,564,156, equal to
$0.14 per share. During this period, the Fund paid monthly distributions (which
may be comprised of net investment income, net realized capital gains, and/or
return of capital) of $3,640,811, equal to $0.20 per share. Total net realized
and unrealized gains from investment activities were $20,100,512, equal to $1.10
per share, for the same period. This compares to earnings from net investment
income (excluding short-term capital gains) of $3,889,797, equal to $0.21 per
share; monthly distributions paid (which were comprised of net investment
income, net realized capital gains, and/or return of capital) of $4,194,053,
equal to $0.23 per share; and total net realized and unrealized losses from
investment activities of $(5,436,310), equal to $(0.30) per share, for thefiscal
third quarter ended August 31, 2008.

For the nine months ended August 31, 2009, the Fund's earnings from net
investment income (excluding short-term capital gains) were $7,437,983, equal to
$0.41 per share. During this period, the Fund paid monthly distributions (which
may be comprised of net investment income, net realized capital gains, and/or
return of capital) of $10,506,130, equal to $0.58 per share. Total net realized
and unrealized gains from investment activities were $35,457,798, equal to $1.94
per share, for the same period. This compares to earnings from net investment
income (excluding short-term capital gains) of $9,057,339 equal to $0.50 per
share; distributions paid (which may be comprised of net investment income, net
realized capital gains, and/or return of capital) of $12,636,935, equal to $0.69
per share; and total net realized and unrealized losses from investment
activities of $(1,011,528), equal to $(0.06) per share, for the nine months
ended August 31, 2008. Additionally, in December 2007, the Fund paid year-end
distributions of long-term capital gains of $1,433,318, equal to $0.08 per
share.

On August 31, 2009, total net assets of the Fund were $202,857,892. The net
asset value per share was $11.11, based on 18,258,828 shares outstanding, which
represents an increase of 0.36% from the net asset value per share of $11.07,
($202,041,073 attributable to 18,258,828 shares outstanding) on August 31, 2008.

The Fund adopted a managed distribution policy ("Policy") in May 1998. Pursuant
to the policy as currently in effect, the Fund makes regular monthly
distributions at an annualized rate equal to 7% of the Fund`s net asset value,
determined as of the last day on which the New York Stock Exchange is open for
trading during the first week of that month. (Pursuant to the Policy as in
effect from May 2005 through July 2009, the annualized rate was 8%.) An investor
should not draw any conclusions about the Fund`s investment performance from the
amount of the monthly distribution or from the terms of the Fund`s managed
distribution policy.

The Fund estimates that it has distributed more than its income and net realized
capital gains during the fiscal third quarter ended August 31, 2009; therefore,
a portion of a shareholder`s distribution may be a return of capital. 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."

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.
The Fund periodically issues notices to shareholders and press releases
estimating the source characteristics of its monthly distributions. The amounts
and sources reported in these materials are only estimates and are not being
provided for tax reporting purposes. The actual amounts and sources of the
amounts for accounting and tax reporting purposes will depend upon the Fund`s
investment experience during the remainder of its fiscal year and may be subject
to retroactive changes based on tax regulations. 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. The Fund
sends shareholders a Form 1099-DIV (or a financial intermediary should provide a
shareholder with similar information) for the calendar year that will tell
shareholders how to report these distributions for federal income tax purposes.

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 without prior notice to Fund
shareholders; any such change or termination may have an adverse effect on the
market price for the Fund`s shares.

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

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