RIGHTS CERTIFICATE
Published on October 7, 2005
EXHIBIT 99.2(h)(i)
RIGHTS CERTIFICATE NUMBER RIGHTS
THE TERMS AND CONDITIONS OF THE RIGHTS OFFERING ARE SET FORTH IN THE COMPANY'S
PROSPECTUS DATED ________, 2005 (THE "PROSPECTUS") AND ARE INCORPORATED HEREIN
BY REFERENCE. COPIES OF THE PROSPECTUS ARE AVAILABLE UPON REQUEST FROM N.S.
TAYLOR & ASSOCIATES, INC., THE FUND'S INFORMATION AGENT, TOLL-FREE at
1-866-470-4100.
GLOBAL INCOME FUND, INC.
incorporated under the laws of the
State of Maryland
SUBSCRIPTION CERTIFICATE
VOID IF NOT RECEIVED BY THE SUBSCRIPTION AGENT BEFORE 5:00 P.M.,
NEW YORK CITY TIME, ON ________, 2005, UNLESS THE OFFER IS EXTENDED
REGISTERED OWNER:
The registered owner of this Subscription Certificate is entitled to subscribe
for one share ("Share") of the Common Stock of Global Income Fund, Inc. for
every four rights ("Rights") held, one of which has been issued for each whole
share of Common Stock owned of record on ________, 2005 (the "Record Date"). If
such registered owner subscribes for the maximum number of Shares to which he or
she is entitled through the Primary Subscription, he or she is entitled to
subscribe for an unlimited number of additional Shares not otherwise subscribed
for pursuant to the Over-Subscription Privilege, subject to allocation as
described in the Prospectus dated ________, 2005, if there are sufficient
available Shares. All subscriptions are subject to the terms and conditions set
forth herein and in the Prospectus.
THE NON-TRANSFERABLE RIGHTS REPRESENTED BY THIS SUBSCRIPTION CERTIFICATE MAY BE
EXERCISED BY DULY COMPLETING THE REVERSE SIDE HEREOF AND SUBMITTING FULL PAYMENT
OF THE ESTIMATED SUBSCRIPTION PRICE FOR EACH SHARE OF COMMON STOCK SUBSCRIBED
FOR.
FOR FINAL PRICING OF SHARES PURSUANT TO THE RIGHTS OFFERING PLEASE READ THE BACK
OF THIS CERTIFICATE.
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Thomas B. Winmill, President John F. Ramirez, Secretary
COUNTERSIGNED AND REGISTERED:
AMERICAN STOCK TRANSFER & TRUST COMPANY,
(New York, NY) TRANSFER AGENT
By: AUTHORIZED SIGNATURE
GLOBAL INCOME FUND, INC.
DELIVERY OPTIONS FOR SUBSCRIPTION CERTIFICATE
For delivery by mail, hand delivery or overnight
courier:
American Stock Transfer & Trust Company
59 Maiden Lane, Plaza Level
New York, NY 10038
Delivery other than in the manner or to the
address listed above will not
constitute valid delivery.
PLEASE PRINT ALL INFORMATION CLEARLY AND LEGIBLY.
Primary Subscription Entitlement
Number of Rights Issued: __________ / 3 = __________ new Shares
A. YOU HAVE FOUR CHOICES:
1. You can subscribe for all the new Shares listed in the box above (the
"Primary Subscription");
2. You can subscribe for more than the number of new Shares listed in the box
above (the "Over-Subscription Privilege"). Certain stockholders may choose not
to subscribe, and their shares may be available to you subject to an allocation
process as described in the Prospectus;
3. You can subscribe for less than the number of new Shares listed in the box
above; or
4. If you do not wish to purchase additional Shares, disregard this material.
B. INSTRUCTIONS:
In order to purchase shares of the Global Income Fund, Inc. pursuant to the
rights offering, please be sure to:
1. Complete the information below under Section C and Section D.
2. Sign below under Section F.
3. Return this completed and signed Subscription Certificate together with
payment by the method marked in Section D as calculated in Section C of this
Subscription Certificate to American Stock Transfer & Trust Company in the
envelope provided before 5:00 p.m., New York City time, on __________, 2005,(the
"Expiration Date").
4. Alternatively, you may contact your broker and complete a Notice of
Guaranteed Delivery form.
C. ENTER ONE CHOICE ONLY:
[ ] 1. I wish to apply for the Primary Subscription (3 Rights = 1 share)
see box above:
_______ x $___________ = Total Due $__________
(Shares) (estimated price)
[ ] 2. I wish to apply for the Primary Subscription plus the
Over-Subscription Privilege:
Primary Subscription Shares: ______ x $_____________ = $__________
(Shares) (estimated price)
Plus Additional Shares: ______ x $_____________ = $__________
(Shares) (estimated price)
Total Shares: ______ Total Due $__________
[ ] 3. I wish to apply for less than the number of new Shares listed in the
box above.
Enter number of Shares:_______ x $__________ = Total Due $________
(Shares) (estimated price)
D. METHOD OF PAYMENT (CHECK ONE)
[ ] Check or bank draft drawn on a U.S. bank, or postal telegraphic or express
money order payable to "American Stock Transfer & Trust Company, as Subscription
Agent." Funds paid by an uncertified check may take at least five business days
to clear.
[ ] Wire transfer of immediately available funds directly to the account
maintained by American Stock Transfer & Trust Company, as Subscription Agent,
for purposes of accepting subscriptions in this Rights Offering at JP
MorganChase Bank, 55 Water Street, New York, New York 10005, ABA #021000021,
Account #_____________.
E. FINAL PRICING (SUBSCRIPTION PRICE):
The actual subscription price (the "Subscription Price") will be the lesser of
__% of (a) the net asset value per share of the Fund's Common Stock on
__________, 2005, (the "Pricing Date") or (b) the average of the volume-weighted
average sales prices of a share of the Fund's Common Stock on the American Stock
Exchange on the Pricing Date and the four preceding trading days. This will be
your final Subscription Price for the new shares. The Estimated Subscription
Price for purposes of exercising Rights is $_____ per Share.
It is possible that stockholders will receive a refund or be required to
pay an additional amount equal to the difference between the Estimated
Subscription Price of $_____, and the final Subscription Price.
F. I acknowledge that I have received the Prospectus for this rights offering,
and I hereby irrevocably subscribe for the number of new Shares indicated in
Section C of this Subscription Certificate upon the terms and conditions
specified in the Prospectus. I understand and agree that I will be obligated to
pay any additional amount to the Fund if the Subscription Price, as determined
on the Expiration Date, is in excess of $_____ per Share, the Estimated
Subscription Price per Share.
I hereby agree that if I fail to pay in full for the Shares for which I
have subscribed, the Fund may exercise any of the remedies provided for in the
Prospectus.
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Signature(s) of Subscriber(s)
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Signature Guarantee
(If required, see Section G)
Telephone number (including area code): ______________________________
G. If you wish to have your Shares and refund check (if any) delivered to
another address other than that listed on this Subscription Certificate you must
have your signature(s) guaranteed in Section F. Appropriate signature guarantors
include: banks and savings associations, credit unions, member firms of a
national securities exchange, municipal securities dealers and government
securities dealers. Please provide delivery address below and please note if it
is a permanent change.
Other Address: ________________________________________________________________
IF YOU HAVE ANY QUESTIONS ABOUT THE RIGHTS OFFERING, PLEASE CALL N.S. TAYLOR &
ASSOCIATES, INC., THE FUND'S INFORMATION AGENT, TOLL-FREE at 1-866-470-4100.