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Strategic Global Income Fund, Inc. — Distribution Characteristics For May 2012

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 its distribution characteristics for the month of May 2012.

The following notice was sent to shareholders today:

Strategic Global Income Fund, Inc. c/o UBS Global Asset Management (Americas) Inc.1285 Avenue of the AmericasNew York, NY 10019

DISTRIBUTION NOTICE May 2012

The purpose of this document is to provide you with information that is required to be sent to you as well as additional information that may be of interest to at least some investors.

On May 14, 2012, the Fund’s Board of Directors declared a regular monthly distribution of $0.0567 per share. The distribution is payable on May 31, 2012 to shareholders of record as of May 24, 2012. The ex-distribution date is May 22, 2012.

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 6% 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. (Pursuant to the Policy with respect to distributions paid from August 2009 through May 2011, the annualized rate had been 7%.) 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.

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