Global Income Fund, Inc. Files to Delist Its Common Stock
March 27 2008 - 4:30PM
Marketwired
NEW YORK, NY (AMEX: GIF) today announced that it has filed a
Form 25 with the Securities and Exchange Commission to withdraw the
listing of its common stock from the American Stock Exchange
("AMEX") to become effective on April 7, 2008.
The Fund expects that delisting will allow management to focus
its resources on pursuing the Fund's investment objectives and
position the Fund to enhance long term stockholder value. The Fund
will continue to maintain its investment company registration and
update its stockholders with financial information as required.
Following the effectiveness of the Form 25 filing, the Fund
anticipates that its common stock will be quoted over-the-counter
on the OTC Bulletin Board ("OTCBB") or Pink Sheets LLC ("Pink
Sheets") to the extent market makers commit to make a market in the
Fund's shares, although the Fund can provide no assurance that
trading in the stock will continue. The OTCBB and Pink Sheets are
electronic networks through which participating broker-dealers can
make markets and enter orders to buy and sell shares of issuers.
The Fund expects that a registered broker-dealer may sponsor the
Fund's shares on the OTCBB or Pink Sheets and act as a market maker
following delisting of the Fund's shares from the AMEX.
The primary investment objective of Global Income Fund, Inc. is
to provide for its shareholders a high level of income, with
capital appreciation as a secondary objective. The Fund pursues its
investment objectives by investing primarily in a global portfolio
of investment grade fixed income securities and closed end funds
that invest significantly in income producing securities. The Fund
is managed by CEF Advisers, Inc., a subsidiary of Winmill & Co.
Incorporated, which is engaged through subsidiaries in stock market
and gold investing through its investment management of equity and
gold mutual funds, and closed end funds. More information about the
Fund may be obtained at www.globalincomefund.net.
This release contains certain "forward looking statements" made
pursuant to the "safe harbor" provisions of the Private Securities
Litigation Reform Act of 1995. These statements involve known and
unknown risks, uncertainties and other factors, many of which are
beyond the control of the Fund, which may cause the Fund's actual
results to be materially different from those expressed or implied
by such statements. Such risks, uncertainties and other factors
include those described in the Fund's filings with the Securities
and Exchange Commission. The forward looking statements made herein
are only made as of the date of this release, and the Fund
undertakes no obligation to publicly update such forward looking
statements to reflect subsequent events or circumstances.
Contact: John F. Ram�rez Email: Email Contact 1-212-344-6310,
extension 208
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