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Global High Income Fund Inc. – Reports Earnings

Global High Income Fund Inc. (the “Fund”) (NYSE: GHI), a non-diversified, closed-end management investment company seeking high current income and secondarily, capital appreciation through investments primarily in debt securities of emerging market debt issuers, today announced its performance for the third quarter and fiscal year-to-date ended July 31, 2012.

For the third quarter ended July 31, 2012, the Fund's earnings from net investment income (excluding short-term capital gains) were $3,876,944, equal to $0.18 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 $5,071,923, equal to $0.23 per share. Total net realized and unrealized gains from investment activities were $1,254,164 equal to $0.06 per share, for the same period. This compares to earnings from net investment income (excluding short-term capital gains) of $3,645,137, equal to $0.17 per share; monthly distributions paid (which were comprised of net investment income and/or return of capital) of $5,946,392, equal to $0.28 per share; and total net realized and unrealized losses from investment activities of $2,349,768, equal to $0.11 per share, for the third quarter ended July 31, 2011.

For the nine months ended July 31, 2012, the Fund’s earnings from net investment income (excluding short-term capital gains) were $11,658,772, equal to $0.54 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 $16,278,086, equal to $0.75 per share. Total net realized and unrealized gains from investment activities were $8,065,186, equal to $0.37 per share, for the same period. This compares to earnings from net investment income (excluding short-term capital gains) of $10,622,127, equal to $0.49 per share; monthly distributions paid (which were comprised of net investment income and/or return of capital) of $17,653,485, equal to $0.82 per share; and total net realized and unrealized gains from investment activities of $6,546,723, equal to $0.30 per share, for the nine months ended July 31, 2011. Additionally, in December 2010, the Fund paid a year-end distribution of ordinary income of $6,911,547, equal to $0.32 per share.

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