Global High Income Fund Inc. — Distribution Characteristics for October 2009

The following notice was sent to shareholders today:

GLOBAL HIGH INCOME FUND INC.

c/o UBS Global Asset Management (Americas) Inc.

1285 Avenue of the Americas

New York, NY 10019

DISTRIBUTION NOTICE

October 2009

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 October 12, 2009, the Fund's Board of Directors declared a regular monthly distribution of $0.0863 per share. This distribution is payable on October 30, 2009 to shareholders of record as of October 22, 2009. The ex-distribution date was October 20, 2009.

The Fund adopted a managed distribution policy (“Policy”) in December 1999. Pursuant to the Policy as currently in effect, the Fund makes regular monthly distributions at an annualized rate equal to 8% of the Fund’s 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 as in effect from May 2005 through July 2009, the annualized rate was 9%.) The Fund’s Board receives recommendations from UBS Global Asset Management (Americas) Inc., the Fund’s investment advisor, periodically and no less frequently than annually will reassess the annualized percentage of net assets at which the Fund’s monthly distributions will be made. The Fund’s 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 Fund’s shares.

To the extent that the Fund’s 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 Fund’s investment performance and should not be confused with “yield” or “income.”

For the current 2009 fiscal year to date (November 1, 2008 to October 31, 2009) the Fund has made twelve (12) regular monthly distributions which in aggregate equal $0.9767 per share. The source(s) of the distributions paid during the month and current fiscal year are estimated as follows:

* Fiscal year-to-date

The Fund periodically issues notices to shareholders and press releases estimating the source characteristics of its monthly distributions. The amounts and sources reported in these materials are only estimates and are not being provided for tax reporting purposes. The actual amounts and sources of the amounts for accounting and tax reporting purposes will depend upon the Fund’s investment experience during the remainder of its fiscal year and may be subject to retroactive changes based on tax regulations. The Fund sends shareholders a Form 1099-DIV (or a financial intermediary should provide a shareholder with similar information) for the calendar year that will tell shareholders how to report these distributions for federal income tax purposes.

If you chose to receive your distributions in cash, a check should have been sent to you or a credit should have been made on your financial intermediary or Fund account statement. If you chose to reinvest your distributions, that statement (or a subsequent one) should indicate the additional shares purchased for your account in full and fractional shares of the Fund's common stock.

You should not draw any conclusions about the Fund’s investment performance from the amount of the monthly distribution or from the terms of the Fund’s managed distribution policy.

If you would like to change your distribution option, please write or call your broker or, if you hold shares directly with the Fund, the Fund's distribution disbursing agent, PNC Global Investment Servicing, at 1-800-331-1710. For more information about the Fund, please contact: UBS Global Asset Management Closed-End Funds Desk, 888-793 8637

CUSIP: 37933G108

Please find below additional information regarding the Fund’s performance. Please note that this information is primarily based on the Fund’s net asset value based performance, not its market price based performance. Market price based performance for various periods is included in the Fund’s most recent report to shareholders and is different.

UBS Global Asset Management
Closed-End Funds Desk, 888-793-8637