Business & Finance
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Strategic Global Income Fund, Inc. Announces Classification of Board, Additional Governance Changes, and New President
NEW YORK--([ BUSINESS WIRE ])--Strategic Global Income Fund, Inc. (NYSE: SGL) (the aFunda) today announced that the Funda™s Board of Directors (aBoarda) has approved the classification of the Board into three classes. The classification of the Board is effective immediately and the initial term of office of one class of directors will expire at the Funda™s 2011 annual stockholders meeting, with the second class expiring at the 2012 meeting and the third expiring at the 2013 meeting, or when the successors to the members of each class have been elected. The Board members have been classified as follows:
| Class I: Richard R. Burt, Meyer Feldberg |
| Class II: Bernard H. Garil, Heather R. Higgins |
| Class III: Richard Q. Armstrong, Alan S. Bernikow |
The Board also approved several other corporate governance measures intended to clarify internal procedures and help assure that the purposes and goals of the Fund may be fostered. The Board also appointed Mark E. Carver to succeed Kai R. Sotorp as President of the Fund.