Strategic Global Income Fund, Inc. – Distribution Declaration And Updated Price & Distribution Rate Information

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 $0.0558 per share. The distribution is payable on June 29, 2012 to shareholders of record as of June 21, 2012. The ex-distribution date is June 19, 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, 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%.) 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/or 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., 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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