Global Income Fund, Inc. (OTCQB: GIFD)  announced that a subsidiary of the Company has acquired another self storage facility located in Summerville, SC. The property is a 36,600 square foot, 236 unit self storage facility on 2.5 acres located on North Gum Street. The facility offers traditional and portable storage units along with outside recreational vehicle and boat storage parking spaces.

“We are very pleased to add another quality facility to the expanding Global Self Storage portfolio,” said Mark Winmill, President and CEO.

The Company intends to continue seeking investment opportunities in real property self storage facilities.

About Global Income Fund, Inc.

Global Income Fund, Inc is a non-diversified closed end investment management company whose common stock is traded over the counter under the ticker symbol “GIFD.” The primary investment objective of the Company is to provide a high level of income, with capital appreciation as a secondary objective. On February 29, 2012, shareholders approved a proposal to change the Company’s business from an investment management company to an operating company that owns, operates, manages, acquires, develops and redevelops professionally managed self storage facilities (the “Business Proposal”). Until the Business Proposal is fully implemented, the Company’s Board of Directors has the power to change or modify the Business Proposal if it concludes that doing so would be in the best interests of the Company and its stockholders. Subject to the discretion of the Board of Directors, the Company intends to apply to the Securities and Exchange Commission to deregister as an investment company.

The Company’s management and affiliated persons of management may from time to time own, buy or sell common stock of the Company. More information about the Company may be obtained at www.globalincomefund.net.

This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of the securities in any state in which such offer, solicitation or sale would be unlawful under the securities laws of any such state.

(via MarketWire)

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