Gold American Mining Corp (SILA.OB) has numerous prospects for the future.

The company’s current holdings include the Nevada-based Keeno Strike Property and the Guadalupe Property in Mexico, located about five miles north of the Fresnillo (Proaño) Mine. Gold American is currently reviewing additional gold/silver prospects of interest in Nevada, Mexico, and other regions marked by stable politics, sound economies and friendly business relations.

SILA recently announced that the geophysics program at the company’s Guadalupe property in Mexico was completed on July 20. Gold American President Johannes Petersen said the results to date were what the company expected to find, which was that all the vein systems have the potential to continue to much greater depths and that the company expects to start drilling very soon.

In May, SILA entered into a $7.5 million equity financing agreement with a European institutional investment group that specializes in backing precious metals and mining ventures. To date, the company has received funds in the amount of $300,000 by virtue of this agreement and it still has a balance of $7.2 million that it can call upon to fund its exploration and acquisition strategy.

More about SILA at: www.gold-american.com

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Managed High Yield Plus Fund Inc. (NYSE: HYF) (the “Fund”) announced that the Fund’s Board of Directors (the “Board”) elected Barry M. Mandinach to serve as a Class I director. Mr. Mandinach is currently a managing director of UBS Global Asset Management (US) Inc. and UBS Global Asset Management (Americas) Inc. (collectively, “UBS Global AM—Americas region”). He is the Head of Institutional & Wholesale Business (US) and Chief Marketing Officer (US) for UBS Global AM—Americas region. Mr. Mandinach has been with UBS Global AM – Americas region or its predecessors since 2001.

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Strategic Global Income Fund, Inc. (the “Fund”) (NYSE: SGL), a non-diversified, closed-end management investment company seeking high current income and secondarily, capital appreciation through investments in US and foreign debt securities, today announced its performance for the fiscal second quarter ended May 31, 2010.

For the fiscal second quarter ended May 31, 2010, the Fund’s earnings from net investment income (excluding short-term capital gains) were $1,736,521, equal to $0.10 per share.

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Global High Income Fund Inc. (the “Fund”) (NYSE: GHI) is a non-diversified, closed-end management investment company seeking high current income and secondarily, capital appreciation through investments primarily in securities of emerging market debt issuers.

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