Strategic Global Income Fund Distribution Characteristics for February 2015
Post on: 16 Март, 2015 No Comment
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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 February 2015.
The following notice was sent to shareholders today:
Strategic Global Income Fund, Inc.
c/o UBS Global Asset Management (Americas) Inc.
1285 Avenue of the Americas
New York, NY 10019
DISTRIBUTION NOTICE
February 2015
The purpose of this document is to provide you with information that is required to be sent to you as well as additional information that may be of interest to at least some investors.
On February 9, 2015, the Funds Board of Directors declared a regular monthly distribution of $0.0415 per share. The distribution is payable on February 27, 2015 to shareholders of record as of February 19, 2015. The ex-distribution date was February 17, 2015.
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 5% of the Funds 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 June 2011 through the monthly distribution for May 2014, the annualized rate had been 6%, which, consistent with the policy, in any given month may have been comprised of a combination of net investment income, capital gains, and/or a return of capital.) The Funds Board receives recommendations from UBS Global Asset Management (Americas) Inc. the Funds investment advisor, periodically and no less frequently than annually will reassess the annualized percentage of net assets at which the Funds monthly distributions will be made. The Funds Board may change or terminate the managed distribution policy at any time without prior notice to Fund shareholders; any such change or termination may have an adverse effect on the market price for the Funds shares.
To the extent that the Funds 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. A return of capital may occur, for example, when some or all of the money that shareholders invested in the Fund is deemed to be paid back to shareholders. A return of capital distribution does not necessarily reflect the Funds investment performance and should not be confused with yield or income.
During the current fiscal year which ends on November 30, 2015, the Fund has made three (3) regular monthly distributions from December 1, 2014 to February 28, 2015, which in aggregate equal $0.1254 per share. The sources of the regular distribution paid during the month and current fiscal year are estimated as follows:
Estimated source of regular monthly distributions