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

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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 $0.0692 per share.
The distribution is payable on November 30, 2009 to shareholders of record as of
November 19, 2009. The ex-distribution date is November 17, 2009.

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%.) 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.

The Fund`s Board receives recommendations from UBS Global Asset Management
(Americas) Inc. 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.

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. 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. 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 an
investor 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.

Investors 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.

Characteristics as of October 31, 2009:*

Net Asset Value per share $11.72
Market Price per share $9.99
NAV Distribution Rate (DR) 7.09 %
Market Distribution Rate (DR) 8.31 %

* 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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