Strategic Global Income Fund, Inc. – Continuation Of Waivers Reducing Advisory Fees

Strategic Global Income Fund, Inc. (the "Fund") (NYSE: SGL) is 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.

The Fund today announced the extension of the voluntary fee waiver arrangement with UBS Global Asset Management (Americas) Inc. (“UBS Global AM”), the Fund’s investment advisor and administrator. Pursuant to its advisory contract with UBS Global AM (the "Advisory Contract"), the Fund pays UBS Global AM an investment advisory and administration fee, accrued weekly and paid monthly, at the annual rate of 1.00% of the Fund's average weekly net assets. For the period from August 1, 2009, through July 31, 2012, UBS Global AM had voluntarily agreed to waive a portion of the fee it received under the Advisory Contract to reduce the annual rate to 0.95% of the Fund's average weekly net assets. Effective August 1, 2012, UBS Global AM has agreed to extend this voluntary fee waiver through July 31, 2013. The effect of the voluntary fee waiver is to reduce the fee rate from 1.00% to 0.95% for such period.

Copyright Business Wire 2010

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