Global High Income Fund Inc. – Reports Earnings

New York - 6 July 2012

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, has 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.

On April 30, 2012, total net assets of the Fund were $284,185,368. The net asset value per share was $13.16, based on 21,591,836 shares outstanding, which represents a decrease of 4.71% from the net asset value per share of $13.81 ($298,238,336 attributable to 21,591,836 shares outstanding) on April 30, 2011.

The Fund adopted a managed distribution policy (“Policy”) in December 1999. 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 with respect to distributions paid from August 2009 through May 2012, the annualized rate had been 8%.)

Become a bobsguide member to access the following

1. Unrestricted access to bobsguide
2. Send a proposal request
3. Insights delivered daily to your inbox
4. Career development