-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, UFSdk7bJIMXoh1O3x3PzFUO2Rm9Tv8vS7i/aezUfGaST1JhotUG2xCpoTuYl+RZa XjRv1CNpWdigYcd/9GV0YA== 0001031235-05-000010.txt : 20050611 0001031235-05-000010.hdr.sgml : 20050611 20050531164523 ACCESSION NUMBER: 0001031235-05-000010 CONFORMED SUBMISSION TYPE: N-Q PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20050331 FILED AS OF DATE: 20050531 DATE AS OF CHANGE: 20050531 EFFECTIVENESS DATE: 20050531 FILER: COMPANY DATA: COMPANY CONFORMED NAME: GLOBAL INCOME FUND INC CENTRAL INDEX KEY: 0001031235 IRS NUMBER: 133926714 FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: N-Q SEC ACT: 1940 Act SEC FILE NUMBER: 811-08025 FILM NUMBER: 05867878 BUSINESS ADDRESS: STREET 1: 11 HANOVER SQU CITY: NEW YORK STATE: NY ZIP: 10005 BUSINESS PHONE: 2127850903 MAIL ADDRESS: STREET 1: 11 HANOVER SQU CITY: NEW YORK STATE: NY ZIP: 10005 FORMER COMPANY: FORMER CONFORMED NAME: BULL & BEAR GLOBAL INCOME FUND INC/ DATE OF NAME CHANGE: 19970123 N-Q 1 gif3-05.txt QUARTERLY PORTFOLIO DISCLOSURE UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM N-Q QUARTERLY SCHEDULE OF PORTFOLIO HOLDINGS OF REGISTERED MANAGEMENT INVESTMENT COMPANY Investment Company Act file number 811-08025 ---------------------------------------------- Global Income Fund, Inc. - -------------------------------------------------------------------------------- (Exact name of registrant as specified in charter) 11 Hanover Square, 12th Floor, New York, NY 10005 - -------------------------------------------------------------------------------- (Address of principal executive offices) (Zip code) Thomas B. Winmill, President Global Income Fund, Inc. 11 Hanover Square, 12th Floor New York, NY 10005 - -------------------------------------------------------------------------------- (Name and address of agent for service) Registrant's telephone number, including area code: 1-212-344-6310 ---------------- Date of fiscal year end: 12/31 ------------ Date of reporting period: 03/31/05 ---------------------
Item I. Schedule of Investments March 31, 2005 (Unaudited) Principal Debt Securities - 86.93% Amount Value ---------- -------------- ABN Amro Bank, N.V., 4.75%, 1/04/2014 $ 500,000 $ 696,122 Aegon N.V., 4.625%, 4/16/2008 1,000,000 1,360,951 BHP Finance Ltd., 6.25%, 8/15/2008 1,000,000 774,454 CIT Rv Trust 1998-A, 6.29%, 1/15/2017 500,000 510,566 Deutsche Ausgleichsbank, 5.75%, 12/07/2011 700,000 1,379,991 Dresdner Bank, 7.75%, 12/07/2007 500,000 1,001,871 Elf Aquitaine, 4.50%, 3/23/2009 1,000,000 1,369,519 Enel-Societa Per Azioni, 4.75%, 6/12/2018 500,000 683,470 European Investment Bank, 5.50%, 12/07/2011 738,000 1,439,500 Federal Home Loan Bank, 2.625%, 10/16/2006 1,500,000 1,472,412 International Bank Recon & Development, 5.05%, 5/29/2008 1,200,000 1,232,400 KFW, 5.25%, 1/04/2010 1,000,000 1,425,894 Kingdom of Sweden, 5.00%, 1/28/2009 1,000,000 1,399,496 Koninklijke Philips Electric, 6.125%, 5/16/2011 500,000 735,318 Korea Development Bank, 5.75%, 09/10/2013 500,000 514,569 National Australia Bank, 8.60%, 5/19/2010 1,000,000 1,168,705 National Westminster Bank, 7.375%, 10/01/2009 1,000,000 1,109,450 Neder Waterschapsbank, 4.00%, 2/11/2009 1,000,000 1,350,936 Principal Financial Group, 8.20%, 8/15/2009 300,000 336,984 Province of Quebec, 5.50%, 2/05/2010 1,000,000 1,434,962 Republic of Austria, 5.25%, 1/04/2011 1,000,000 1,438,938 Republic of Cyprus, 4.375%, 7/15/2014 500,000 684,247 Republic of Hungary, 4.00%, 9/27/2010 500,000 671,794 RWE Finance, 4.625%, 8/17/2010 500,000 918,930 Social National Chemins Fer Fra, 4.625%, 10/25/2009 1,000,000 1,382,735 Tesco PLC, 4.75%, 4/13/2010 1,000,000 1,387,407 Toyota Motor Credit Corp., 4.125%, 1/15/2008 1,000,000 1,345,850 Vodafone Group PLC, 4.625%, 1/31/2008 1,000,000 1,360,305 -------------- TOTAL DEBT SECURITIES (Cost $29,253,304) 30,587,776 -------------- Preferred Stocks - 4.18% Shares ---------- BAC Capital Trust II, 7.00% 4,000 103,320 BAC Capital Trust III, 7.00% 3,000 77,970 Corporate-Backed Trust Certificates, 6.00% 4,000 94,040 Corporate-Backed Trust Certificates, 8.20% 25,000 640,000 Disney (Walt) Company, 7.00% 10,000 258,000 SATURNS SM, 5.875% 5,000 119,000 Wells Fargo Capital Trust V, 7.00% 6,900 177,675 -------------- TOTAL PREFERRED STOCK (Cost $1,447,500) 1,470,005 -------------- Short Term Investments - 7.39% Par Value ---------- State Street Repurchase Agreement, 4/01/2005 $2,560,000 2,560,000 (Collateralized by U.S. Treasury Note, 4.875%, 2/15/2012) 41,995 41,995 -------------- TOTAL SHORT TERM INVESTMENTS (Cost $2,601,995) 2,601,995 -------------- TOTAL INVESTMENTS (Cost $33,302,799) - 98.50% $ 34,659,776 -------------- Other assets less liabilities - 1.50% 526,834 -------------- TOTAL NET ASSETS - 100.00% $ 35,186,610 ============== Note: The Market Value is stated in U.S. dollars.
-1-
Schedule of Investments - Continued March 31, 2005 (Unaudited) Tax Related Unrealized appreciation $ 1,485,730 Unrealized depreciation (128,753) -------------- Net unrealized appreciation $ 1,356,977 ============== Aggregate cost of securities for income tax purposes $ 33,302,799 ==============
This schedule of investments provides information about the Fund's portfolio holdings as of the date on the schedule. It is unaudited, and the Fund assumes no obligation to update or supplement the schedule to reflect subsequent changes. More information is available in the Fund's most recent annual or semiannual shareholder report. -2- Item 2. Controls and Procedures (a) The Principal Executive Officer and Principal Financial Officer have concluded that the registrant's disclosure controls and procedures (as defined in Rule 30a-3(c) under the Investment Company Act) provide reasonable assurances that material information relating to the registrant is made known to them by the appropriate persons, based on their evaluation of these controls and procedures as of a date within 90 days of the filing date of this report. (b) There were no significant changes in the registrant's internal control over financial reporting (as defined in Rule 30a- 3(d) under the Act (17 CFR 270.30a-3(d)) that occurred during the registrant's last fiscal quarter that has materially affected, or is reasonably likely to materially affect, the registrant's internal control over financial reporting. Item 3. Exhibits (a) Certifications of principal executive and principal financial officers as required by Rule 30a-2(a) under the Investment Company Act of 1940. SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized. GLOBAL INCOME FUND, INC. By: /s/ Thomas B. Winmill ----------------------------- Thomas B. Winmill, President Date: May 31, 2005 Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, this report has been signed below by the following persons on behalf of the registrant and in the capacities and on the dates indicated. By: /s/ Thomas B. Winmill ----------------------------- Thomas B. Winmill, President Date: May 31, 2005 By: /s/ William G. Vohrer ----------------------------- William G. Vohrer, Treasurer Date: May 31, 2005 EXHIBIT INDEX (a) Certifications of principal executive and principal financial officers as required by Rule 30a-2(a) under the Investment Company Act of 1940. (EX-99.CERT) EX-99.CERT 2 gif3-05cert.txt CERTIFICATION EX-99 .CERT CERTIFICATIONS I, Thomas B. Winmill, certify that: 1. I have reviewed this report on Form N-Q of Global Income Fund, Inc.; 2. Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report; 3. Based on my knowledge, the schedules of investments included in this report fairly present in all material respects the investments of the registrant as of the end of the fiscal quarter for which the report is filed; 4. The registrant's other certifying officer(s) and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Rule 30a-3(c) under the Investment Company Act of 1940) and internal control over financial reporting (as defined in Rule 30a-3(d) under the Investment Company Act of 1940) for the registrant and have: (a) Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared; (b) Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles; (c) Evaluated the effectiveness of the registrant's disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of a date within 90 days prior to the filing date of this report, based on such evaluation; and (d) Disclosed in this report any change in the registrant's internal control over financial reporting that occurred during the registrant's most recent fiscal quarter that has materially affected, or is reasonably likely to materially affect, the registrant's internal control over financial reporting; and 5. The registrant's other certifying officer(s) and I have disclosed to the registrant's auditors and the audit committee of the registrant's board of directors (or persons performing the equivalent functions): (a) All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant's ability to record, process, summarize, and report financial information; and (b) Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant's internal control over financial reporting. Date: May 31, 2005 /s/ Thomas B. Winmill ------------------------------ Thomas B. Winmill, President I, William G. Vohrer, certify that: 1. I have reviewed this report on Form N-Q of Global Income Fund, Inc.; 2. Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report; 3. Based on my knowledge, the schedules of investments included in this report fairly present in all material respects the investments of the registrant as of the end of the fiscal quarter for which the report is filed; 4. The registrant's other certifying officer(s) and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Rule 30a-3(c) under the Investment Company Act of 1940) and internal control over financial reporting (as defined in Rule 30a-3(d) under the Investment Company Act of 1940) for the registrant and have: (a) Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared; (b) Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles; (c) Evaluated the effectiveness of the registrant's disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of a date within 90 days prior to the filing date of this report, based on such evaluation; and (d) Disclosed in this report any change in the registrant's internal control over financial reporting that occurred during the registrant's most recent fiscal quarter that has materially affected, or is reasonably likely to materially affect, the registrant's internal control over financial reporting; and 5. The registrant's other certifying officer(s) and I have disclosed to the registrant's auditors and the audit committee of the registrant's board of directors (or persons performing the equivalent functions): (a) All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant's ability to record, process, summarize, and report financial information; and (b) Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant's internal control over financial reporting. Date: May 31, 2005 /s/ William G. Vohrer ------------------------------ William G. Vohrer, Treasurer -----END PRIVACY-ENHANCED MESSAGE-----