Friday, February 27, 2009

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

NEW YORK, Feb. 27 /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, 2008.

Total net assets of the Fund on December 31, 2008 were $722,734,695, as compared with $927,171,646 on September 30, 2008 and $1,085,427,980 on December 31, 2007. On December 31, 2008 the net asset value per share was $9.47 based on 76,336,108 shares outstanding.


                      December 31, 2008  September 30, 2008  December 31, 2007
                      -----------------  ------------------  -----------------

    Total Net Assets      $722,734,695        $927,171,646     $1,085,427,980
    NAV Per Share                $9.47              $12.15             $14.22
    Shares Outstanding      76,336,108          76,336,108         76,336,108

For the period October 1, 2008 through December 31, 2008, total net investment income was $19,739,402 or $0.26 per share. The total net realized and unrealized loss was $170,322,444 or $2.23 per share for the same period.

                        Third Quarter      Second Quarter      Third Quarter
                            Ended               Ended              Ended
                      December 31, 2008  September 30, 2008  December 31, 2007
                      -----------------  ------------------  -----------------

    Total Net
     Investment Income    $19,739,402        $21,005,954        $20,890,842
    Per Share                   $0.26              $0.28              $0.27

    Total Net
     Realized/
     Unrealized (Loss)  ($170,322,444)      ($110,077,728)       ($9,317,974)
    Per Share                  ($2.23)             ($1.44)            ($0.12)

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

[Via http://www.prnewswire.com]

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