This item is part of Stockwatch's value added news feed and is only available to Stockwatch subscribers.Here is a sample of this item:Strategic Global Income Fund, Inc.—Distribution Declaration and Portfolio Statistics 2009-10-12 17:01 ET - News Release
NEW YORK -- (Business Wire)
Strategic Global Income Fund, Inc. (the "Fund") (NYSE: SGL), 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, today announced that the Fund’s Board of Directors declared
a regular monthly distribution of $0.0680 per share. The distribution is
payable on October 30, 2009 to shareholders of record as of October 22,
2009. The ex-distribution date is October 20, 2009.
The Fund adopted a managed distribution policy (“Policy”) in May 1998.
Pursuant to the Policy as currently in effect, the Fund makes regular
monthly distributions at an annualized rate equal to 7% of the Fund’s
net asset value, determined as of the last day on which the New York
Stock Exchange is open for trading during the first week of that month.
(Pursuant to the Policy as in effect from May 2005 through July 2009,
the annualized rate was 8%.) Based on information available at this
time, the Fund estimates that portions of the current regular monthly
distribution may be comprised of net investment income and capital gain
distributions. Further information regarding the estimated sources of
the current regular monthly distribution will be provided around
month-end; however, information provided will be an estimate and subject
to change based on the Fund’s investment experience during the remainder
of its fiscal year.
The remainder is available to Stockwatch subscribers.
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