Company Website:
http://www.ubs.com/us/en/asset_management/financial_advisors/closed_end_funds.html
NEW YORK -- (Business Wire)
Strategic Global Income Fund, Inc. (the "Fund") (NYSE:SGL) (the “Fund”)
announced today that the Board of Directors (the “Board”) of the Fund
has approved a proposal to liquidate the Fund in 2016, subject to
shareholder approval.
After careful deliberation and a thorough review of the available
alternatives, and based upon the recommendation of UBS Global Asset
Management (Americas) Inc. (“UBS AM”), the Fund’s investment adviser,
the Board has determined that liquidation and dissolution of the Fund is
in the best interests of the Fund. A proposed plan of liquidation will
be submitted for the approval of the Fund’s shareholders at the Fund’s
2016 annual shareholder meeting, which will be scheduled to be held in
March 2016. If the shareholders approve the proposed plan, the
liquidation and dissolution of the Fund will take place as soon as
reasonably practicable, but in no event later than December 31, 2016
(absent unforeseen circumstances).
Further information regarding the liquidation proposal, including the
plan of liquidation, will be included in the proxy materials that will
be mailed to the Fund’s shareholders in advance of the shareholders
meeting.
Investing in the Fund entails specific risks, such as interest rate,
credit and the risks associated with investing in the securities of
non-US issuers, including those located in emerging market countries.
The value of the Fund's investments in foreign securities may fall due
to adverse political, social and economic developments abroad and due to
decreases in foreign currency values relative to the US dollar. Further
detailed information regarding the Fund, including a discussion of
principal objectives, principal investment strategies and principal
risks, may be found in the fund overview located at http://www.ubs.com/closedendfundsinfo.
You may also request copies of the fund overview by calling the
Closed-End Funds Desk at 888-793 8637.
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View source version on businesswire.com: http://www.businesswire.com/news/home/20151013006865/en/
Contacts:
UBS Asset Management
Closed-End Funds Desk: 888-793 8637
ubs.com
Source: Strategic Global Income Fund, Inc.
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