(Exact name of registrant as specified in charter)
| 11 Hanover Square, 12th Floor New York, NY (Address of principal executive offices) |
10005 (Zip code) |
| Debt Securities - 81.13% | Principal Amount (a) |
Value | |
|---|---|---|---|
Aegon N.V., 4.625%, 4/16/2008 |
1,000,000 | EUR | $1,263,845 |
| CIT RV Trust 1998-AB, 6.29%, 1/15/2017 | 500,000 | 507,935 | |
| Dresdner Bank, 7.75%, 12/07/2007 | 500,000 | GBP | 938,021 |
| Elf Aquitaine, 4.50%, 3/23/2009 | 1,000,000 | EUR | 1,277,079 |
| Essent NV, 4.50%, 6/25/2013 | 500,000 | EUR | 647,107 |
| European Investment Bank, 5.50%, 12/07/2011 | 738,000 | GBP | 1,377,022 |
| Government of Quebec, 6.00%, 2/18/2009 | 1,300,000 | AUD | 997,294 |
| Heineken N.V., 4.375%, 2/4/2010 | 500,000 | EUR | 632,496 |
| ING Bank NV, 5.50%, 1/04/2012 | 1,000,000 | EUR | 1,367,305 |
| The International Bank for Reconstruction & Development, 5.05%, 5/29/2008 | 1,200,000 | 1,211,196 | |
| Kreditanstalt fuer Wiedderauftbau,, 5.25%, 1/04/2010 | 1,000,000 | EUR | 1,333,171 |
| Kingdom of Sweden, 5.00%, 1/28/2009 | 1,000,000 | EUR | 1,299,415 |
| Korea Development Bank, 5.75%, 09/10/2013 | 500,000 | 522,686 | |
| National Australia Bank, 8.60%, 5/19/2010 | 1,000,000 | 1,151,385 | |
| National Westminster Bank, 7.375%, 10/01/2009 | 1,000,000 | 1,099,493 | |
| Nederlandse Waterschapsbank, 4.00%, 2/11/2009 | 1,000,000 | EUR | 1,259,813 |
| Principal Financial Group, 144A 8.20%, 8/15/2009(b) | 300,000 | 332,913 | |
| Province of Ontario, 5.50%, 07/13/2012 | 1,350,000 | AUD | 1,016,645 |
| Republic of Austria, 5.25%, 1/04/2011 | 1,000,000 | EUR | 1,350,313 |
| Republic of Cyprus, 4.375%, 7/15/2014 | 500,000 | EUR | 657,348 |
| Republic of Hungary, 4.00%, 9/27/2010 | 500,000 | EUR | 634,500 |
| RWE Finance B.V., 4.625%, 8/17/2010 | 500,000 | GBP | 882,915 |
| Social National Chemins Fer France, 4.625%, 10/25/2009 | 1,000,000 | EUR | 1,293,074 |
| Tesco PLC, 4.75%, 4/13/2010 | 1,000,000 | EUR | 1,298,744 |
| Toyota Motor Credit Corp., 4.125%, 1/15/2008 | 1,000,000 | EUR | 1,246,947 |
| Vodafone Group Plc, 4.625%, 1/31/2008 | 1,000,000 | EUR | 1,259,095 |
| TOTAL NON-U.S. GOVERNMENT DEBT SECURITIES (Cost $27,314,340) | 26,857,757 | ||
| U.S. Government Agency - 4.45% | |||
Federal Home Loan Bank, 2.625% 10/16/2006 |
1,500,000 | 1,474,095 | |
TOTAL U.S. GOVERNMENT AGENCY SECURITIES (Cost $1,497,210) |
1,474,095 | ||
| | |||
| U.S. Government Obligations - 9.40% | |||
US Treasury Bond, 5.375%, 2/15/2031 |
1,000,000 | 1,120,626 | |
| US Treasury Note, 4.000%, 8/31/2007 | 1,000,000 | 996,915 | |
| US Treasury Note, 4.250%, 8/15/2015 | 1,000,000 | 994,063 | |
| TOTAL U.S. GOVERNMENT OBLIGATIONS (Cost $3,158,884) | 3,111,604 | ||
| Preferred Stocks - 4.48% | |||
| Shares | |||
| BAC Capital Trust II, 7.00% | 4,000 | 103,280 | |
| BAC Capital Trust III, 7.00% | 3,000 | 77,640 | |
| Corporate-Backed Trust Certificates, 6.00% (Goldman Sachs) | 4,000 | 96,800 | |
| Corporate-Backed Trust Certificates, 8.20% (Motorola) | 25,000 | 647,000 | |
| Disney (Walt) Company, 7.00% | 10,000 | 257,500 | |
| SATURNS -Bellsouth SM, 5.875% | 5,000 | 122,950 | |
| Wells Fargo Capital Trust V, 7.00% | 6,900 | 176,571 | |
| TOTAL PREFERRED STOCK (Cost $1,447,500) | 1,481,741 | ||
| TOTAL INVESTMENTS (Cost $33,417,934) - 99.46% | $ 32,925,197 | ||
| Other assets less liabilities - 0.54% | 178,122 | ||
| TOTAL NET ASSETS - 100.00% | $ 33,103,319 | ||
Schedule of Investments - continued | |||
| September 30, 2005 (Unaudited) | |||
(a) The principal amount is stated in U.S. Dollars unless otherwise indicated. (b) A 144A security may be sold to institutional investors only. The total market value of this security represents 1.01% of net assets. |
|||
Tax Related | |||
| Unrealized appreciation | $ 205,886 | ||
| Unrealized depreciation | (698,623) | ||
| Net unrealized depreciation | $ (492,737) | ||
| Aggregate cost of securities for income tax purposes | $ 33,417,934 | ||
Securities valuation policies and other investment related disclosures are hereby incorporated by reference in the annual and semi-annual reports previously filed with the Securities and Exchange Commission on Form N-CSR.
CURRENCY ABBREVIATIONS:
AUD -
Australian Dollar
EUR - Euro
GBP - Great Britain Pound
| (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. |
| (a) | Certifications of principal executive and principal financial officers as required by Rule 30a-2(a) under the Investment Company Act of 1940. |
-2-
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: November 22, 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: November 22, 2005
By:/s/ Thomas O'Malley
Thomas
O'Malley, Chief Financial Officer
Date: November 22, 2005
| (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) |