AllianceBernstein Global High Income Fund, Inc. Reports Third Quarter Earnings

NEW YORK, Feb. 26 /PRNewswire-FirstCall/ -- AllianceBernstein Global High Income Fund, Inc. (NYSE: AWF), a registered closed-end investment company, today announced earnings for the third quarter ended December 31, 2009.

Total net assets of the Fund on December 31, 2009 were $1,183,701,004, as compared with $1,144,746,860 on September 30, 2009 and $722,734,695 on December 31, 2008.  On December 31, 2009 the net asset value per share was $13.90 based on 85,171,033 shares outstanding.

    
    
    
    
                             December 31,     September 30,    December 31,
                                2009             2009             2008
                          ----------------   --------------   --------------
    
    Total Net Assets        $1,183,701,004   $1,144,746,860     $722,734,695
    NAV Per Share                   $13.90           $13.44            $9.47
    Shares Outstanding          85,171,833       85,172,033       76,336,108
    
    

For the period October 1, 2009 through December 31, 2009, total net investment income was $24,932,040 or $0.29 per share.  The total net realized and unrealized gain was $37,135,694 or $0.44 per share for the same period.

    
    
    
    
                            Third Quarter   Second Quarter    Third Quarter
                                    Ended            Ended            Ended
                             December 31,    September 30,     December 31,
                                     2009             2009             2008
                           --------------   --------------   --------------
    
    Total Net Investment      $24,932,040      $25,783,821     $19,739,402
     Income
    Per Share                       $0.29            $0.30           $0.26
    
    Total Net Realized/       
     Unrealized Gain/(Loss)   $37,135,694   $150,568,954**   ($170,322,444)
    Per Share                       $0.44            $1.77          ($2.23)
    
    

On September 25, 2009, AllianceBernstein Global High Income Fund, Inc. acquired all of the assets of ACM Managed Dollar Income Fund, Inc.

** The amount presented above represents the gain for the quarter in addition to unrealized appreciation of $4,515,708 from the merger with ACM Managed Dollar Income Fund, Inc.

AllianceBernstein Global High Income Fund, Inc. is managed by AllianceBernstein L.P.

SOURCE AllianceBernstein Global High Income Fund, Inc.