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Strategic Global Income Fund, Inc. – Reports Earnings

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 first quarter and fiscal year-to-date ended February 29, 2012.

For the first quarter ended February 29, 2012, the Fund's earnings from net investment income (excluding short-term capital gains) were $1,251,022, equal to $0.07 per share. During this period, the Fund paid monthly distributions (comprised entirely of short-term capital gains) of $2,050,466, equal to $0.11 per share. Additionally, in December 2011, the Fund paid year-end distributions of net investment income of $186,240, equal to $0.01 per share, short-term capital gains of $343,266, equal to $0.02 per share, and long-term capital gains of $5,758,834, equal to $0.32 per share. Total net realized and unrealized gains from investment activities were $6,408,518, equal to $0.35 per share, for the first quarter ended February 29, 2012. This compares to earnings from net investment income (excluding short-term capital gains) of $1,041,421, equal to $0.06 per share; monthly distributions paid (which were comprised of net investment income and/or net realized capital gains) of $3,733,930, equal to $0.20 per share, for the first quarter ended February 28, 2011. Additionally, in December 2010, the Fund paid year-end distributions of net investment income of $9,158,628, equal to $0.50 per share, short-term capital gains of $6,231,738, equal to $0.34 per share, and long-term capital gains of $3,155,125, equal to $0.17 per share. Total net realized and unrealized gains from investment activities were $11,442,329, equal to $0.63 per share, for the first quarter ended February 28, 2011.

On February 29, 2012, total net assets of the Fund were $206,882,533. The net asset value per share was $11.33, based on 18,258,828 shares outstanding, which represents a decrease of 2.16% from the net asset value per share of $11.58, ($211,421,522 attributable to 18,258,828 shares outstanding) on February 28, 2011.

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