Strategic Global Income Fund, Inc. – Announces Reduction of Contractual 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 that its Board of Directors has approved a reduction in the contractual investment advisory and administration fee paid to 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 had agreed to pay 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.

UBS Global AM had, since August 2009, voluntarily waived 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, 2014, the contractual fee rate under the Advisory Contract is being changed from 1.00% to 0.85% of the Fund's average weekly net assets. Given the new, lower contractual fee rate, the voluntary year-to-year arrangements are now replaced by the ongoing contractual fee at the 0.85% rate.

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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UBS Global Asset ManagementClosed-End Funds Desk, 888-793-8637ubs.com