DWS Investments and the Board of Directors of DWS Global High Income Fund, Inc. (NYSE: LBF) (the ?Fund?) announce a series of initiatives for the Fund designed to provide a broader and more competitive investment strategy in order to deliver a more competitive yield and enhance return.

The Board has authorized the Fund to engage in borrowing for leverage purposes, which is permitted by the Fund's investment policies. Deutsche Investment Management Americas Inc. (?DIMA?), the Fund's investment manager, recommended the addition of borrowing, as it believes leverage can increase the yield opportunities for the Fund. The Fund initially expects to establish a $35 million credit facility, and its investment policies permit the Fund to borrow amounts up to 33 1/3% of its total assets, including the amount borrowed. DIMA currently anticipates that the credit facility would be implemented sometime mid to late March 2011.

Additionally, DIMA recommended and the Board approved the elimination of a non-fundamental investment restriction that prohibited the Fund from investing more than 20% of its total assets in income securities issued by U.S. issuers that have a credit rating below investment grade or that have no credit rating but which are deemed by DIMA to be of comparable quality. DIMA believes that the expanded ability to invest in lower rated securities, including floating rate senior loans, can increase yield opportunities for the Fund.

In connection with these enhancements, effective the month of April 2011, the Fund will change the frequency of its dividend distributions from quarterly to monthly. Additionally, the Fund announced that its classification has changed from non-diversified to diversified, which has no material impact on the way the Fund is currently managed.

For more information on LBF visit www.dws-investments.com or call (800) 349-4281.

IMPORTANT INFORMATION

DWS Global High Income Fund, Inc. (NYSE: LBF) is a closed-end management investment company. The Fund's investment objectives are to seek high current income as its primary objective and capital appreciation as a secondary objective through investment principally in global income securities. Bond investments are subject to interest-rate and credit risks. When interest rates rise, bond prices generally fall. Credit risk refers to the ability of an issuer to make timely payments of principal and interest. Investments in lower-quality and non-rated securities present greater risk of loss than investments in higher-quality securities. Investing in foreign securities, particularly those of emerging markets, presents certain risks, such as currency fluctuations, political and economic changes, and market risks. Leverage results in additional risks and can magnify the effect of any losses.

Closed-end funds, unlike open-end funds, are not continuously offered. There is a one-time public offering and once issued, shares of closed-end funds are sold in the open market through a stock exchange. Shares of closed-end funds frequently trade at a discount to the net asset value. The price of a fund's shares is determined by a number of factors, several of which are beyond the control of the fund. Therefore, a fund cannot predict whether its shares will trade at, below or above net asset value.

This press release shall not constitute an offer to sell or a solicitation to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such offer or solicitation or sale would be unlawful prior to registration or qualification under the laws of such state or jurisdiction.

Certain statements contained in this release may be forward-looking in nature. These include all statements relating to plans, expectations, and other statements that are not historical facts and typically use words like ?expect,? ?anticipate,? ?believe,? ?intend,? and similar expressions. Such statements represent management's current beliefs, based upon information available at the time the statements are made, with regard to the matters addressed. All forward-looking statements are subject to risks and uncertainties that could cause actual results to differ materially from those expressed in, or implied by, such statements. Management does not undertake any obligation to update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise.

NOT FDIC/ NCUA INSURED ? MAY LOSE VALUE ? NO BANK GUARANTEE

NOT A DEPOSIT ? NOT INSURED BY ANY FEDERAL GOVERNMENT AGENCY

 

DWS Investments is part of Deutsche Bank's Asset Management division and, within the US, represents the retail asset management activities of Deutsche Bank AG, Deutsche Bank Trust Company Americas, Deutsche Investment Management Americas Inc. and DWS Trust Company. (R-021306-1 03/11)

Deutsche Bank Press Office, 212-454-2085
Shareholder Account Information, 800-294-4366
DWS Closed-End Funds, 800-349-4281