Strategic Global Income Fund, Inc. — Distribution Characteristics for December 2008

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 its distribution characteristics for the month of December 2008.

On December 15, 2008, the Fund's Board of Directors declared a regular monthly distribution of $0.0619 per share. This distribution is payable December 31, 2008 to shareholders of record as of December 26, 2008. The ex-dividend date was December 23, 2008.

The Fund adopted a managed distribution policy in May 1998, which was revised effective January 2000 and again in May 2005. Pursuant to the policy as currently in effect, the Fund makes regular monthly distributions at an annualized rate equal to 8% of the Fund’s net asset value, as determined as of the last day on which the New York Stock Exchange is open for trading during the first week of that month. The Fund’s Board will reassess no less frequently than annually the annualized percentage of net assets at which the Fund’s monthly distributions will be made. The Fund’s Board may change or terminate the managed distribution policy at any time; any such change or termination may have an adverse effect on the market price for the Fund’s shares.

To the extent that the Fund’s taxable income in any fiscal year exceeds the aggregate amount distributed based on a fixed percentage of its net asset value, the Fund would make an additional distribution in the amount of that excess near the end of the fiscal year. To the extent that the aggregate amount distributed by the Fund based on a fixed percentage of its net asset value exceeds its current and accumulated earnings and profits, the amount of that excess would constitute a return of capital or net realized capital gains for tax purposes.

Based on information available at this time, the Fund estimates that net investment income, excluding short-term capital gains, is the source of approximately 100% of the December distribution of $0.0619 per share. (Given that the Fund’s current fiscal year began on December 1, 2008, the fiscal year to date characteristics are the same.) This is only an estimate, however, and is subject to change.

The actual sources of the Fund's distributions may be net investment income, net realized capital gains, return of capital or a combination of the foregoing and may be subject to retroactive recharacterization at the end of the Fund's fiscal year based on tax regulations. The actual amounts attributable to each of these sources will be reported to shareholders next January on Form 1099-DIV.

As of November 30, 2008, the Fund’s fiscal year end, the Fund had estimated distributions in excess of net investment income of $2,117,356.