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 second quarter and fiscal year-to-date ended April 30, 2012.

For the second quarter ended April 30, 2012, the Fund's earnings from net investment income (excluding short-term capital gains) were $2,949,205, equal to $0.14 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 $5,693,767, equal to $0.26 per share. Total net realized and unrealized gains from investment activities were $5,139,137, equal to $0.24 per share, for the same period. This compares to earnings from net investment income (excluding short-term capital gains) of $2,938,840, equal to $0.14 per share; monthly distributions paid (which were comprised of net investment income, net realized capital gains and/or return of capital) of $5,713,200, equal to $0.26 per share; and total net realized and unrealized gains from investment activities of $17,446,813 equal to $0.81 per share, for the second quarter ended April 30, 2011.

For the six months ended April 30, 2012, the Fund’s earnings from net investment income (excluding short-term capital gains) were $7,781,828, equal to $0.36 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 $11,206,163, equal to $0.52 per share. Total net realized and unrealized gains from investment activities were $6,811,022, equal to $0.32 per share, for the same period. This compares to earnings from net investment income (excluding short-term capital gains) of $6,976,990, equal to $0.32 per share; monthly distributions paid (which were comprised of net investment income, net realized capital gains, and/or return of capital) of $11,707,093, equal to $0.54 per share; and total net realized and unrealized gains from investment activities of $4,196,955, equal to $0.19 per share, for the six months ended April 30, 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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