Strategic Global Income Fund, Inc. Announces Timing of Liquidating Distribution to Shareholders
May 06 2016 - 4:05PM
Business Wire
Strategic Global Income Fund, Inc. (the "Fund") (NYSE:SGL) today
announced the timing of the payment of the final liquidating
distribution to shareholders. As previously announced, these steps
are being taken in connection with the liquidation of the Fund
pursuant to a Plan of Liquidation approved by shareholders on March
28, 2016.
The Fund will pay a final liquidating distribution to
shareholders consisting of a pro rata portion of the remaining
assets of the Fund (plus accumulated but unpaid dividends up to and
including the record date for the distribution) on May 25, 2016, to
shareholders of record as of May 18, 2016. All shareholders as of
the close of business on May 18, 2016 are entitled to receive a
liquidating distribution. It is anticipated that trading on the New
York Stock Exchange in shares of the Fund’s common stock will cease
on May 19, 2016 (i.e., the last day of trading will be May 18,
2016).
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