Global Income Fund Declares Quarterly Dividend
December 03 2007 - 4:25PM
Marketwired
NEW YORK, NY , payable December 31, 2007 to shareholders of
record December 18, 2007.
The $0.055 per share quarterly dividend distribution reflects a
managed distribution policy of the Fund. The policy is intended to
provide shareholders with a relatively stable cash flow and reduce
or eliminate the Fund's market price discount to its net asset
value per share. The amount of the distribution may vary depending
on the net asset value per share at the time of declaration and the
policy may be changed or discontinued without notice.
Under the managed distribution policy, distributions of
approximately 5% of the Fund's net asset value per share on an
annual basis are paid primarily from ordinary income and any net
capital gains, with the balance representing return of capital. As
of December 3, 2007, the date of this press release, the current
distribution of $0.055 per share would include approximately 45%,
0%, and 55% from ordinary income, capital gains, and return of
capital, respectively. This is only an estimate based on
information available at this time and is subject to change. The
estimated components of the distribution are provided to
shareholders of record in a notice accompanying the distribution.
Actual amounts may be re-characterized for tax purposes after year
end 2007. In January, shareholders receive information concerning
the taxable status of the dividend distributions that were paid in
the 12 months ended December 31 to shareholders of record.
The primary and fundamental objective of Global Income Fund is
to provide a high level of income. The Fund's secondary,
non-fundamental, investment objective is capital appreciation. The
Fund pursues its investment objectives by investing primarily in a
global portfolio of investment grade fixed income securities and
closed end funds that invest significantly in income producing
securities. The Fund is managed by CEF Advisers, Inc., a subsidiary
of Winmill & Co. Incorporated, which is engaged through
subsidiaries in stock market and gold investing through its
investment management of equity and gold mutual funds, and closed
end funds. More information about the Fund may be obtained at
www.globalincomefund.net/.
CUSIP 37934Y108
Contact: Thomas O'Malley E-mail: Email Contact 1-212-344-6310,
ext. 267
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