<PAGE>
SCHEDULE 14A INFORMATION
Proxy Statement Pursuant to Section 14(a) of
the Securities Exchange Act of 1934 (Amendment No. )
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<S> <C>
Filed by the Registrant /X/
Filed by a Party other than the Registrant / /
Check the appropriate box:
/ / Preliminary Proxy Statement
/ / Confidential, for Use of the Commission Only (as permitted
by Rule 14a-6(e)(2))
/ / Definitive Proxy Statement
/X/ Definitive Additional Materials
/ / Soliciting Material Pursuant to Section 240.14a-11(c) or
Section 240.14a-12
</TABLE>
<TABLE>
<S> <C>
CREDIT SUISSE ASSET MANAGEMENT
STRATEGIC GLOBAL INCOME FUND, INC.
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(Name of Registrant as Specified In Its Charter)
- ------------------------------------------------------------
(Name of Person(s) Filing Proxy Statement, if other than the
Registrant)
</TABLE>
Payment of Filing Fee (Check the appropriate box):
<TABLE>
<S> <C> <C>
/X/ No fee required.
/ / Fee computed on table below per Exchange Act Rules 14a-6(i)(1)
and 0-11.
(1) Title of each class of securities to which transaction
applies:
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(2) Aggregate number of securities to which transaction
applies:
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(3) Per unit price or other underlying value of transaction
computed pursuant to Exchange Act Rule 0-11 (set forth the
amount on which the filing fee is calculated and state how
it was determined):
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(4) Proposed maximum aggregate value of transaction:
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(5) Total fee paid:
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/ / Fee paid previously with preliminary materials.
/ / Check box if any part of the fee is offset as provided by
Exchange Act Rule 0-11(a)(2) and identify the filing for which
the offsetting fee was paid previously. Identify the previous
filing by registration statement number, or the Form or
Schedule and the date of its filing.
(1) Amount Previously Paid:
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(2) Form, Schedule or Registration Statement No.:
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(3) Filing Party:
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(4) Date Filed:
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</TABLE>
<PAGE>
April 17, 2000
TO THE SHAREHOLDERS OF CREDIT SUISSE ASSET MANAGEMENT
STRATEGIC GLOBAL INCOME FUND, INC. (THE FUND)
Dear Shareholder:
At this year's Annual Meeting of Shareholders of the Fund, two opposing
slates will be presented to the shareholders for election as directors: one
slate is comprised of the four current directors of the Fund, while a second
slate consists of Phillip Goldstein, a shareholder of the Fund, and three
individuals hand-picked by him. For the reasons stated below, we strongly urge
you to vote the enclosed WHITE proxy card in favor of the four current
directors.
You may have already received, or soon will receive, a proxy statement
prepared by Mr. Goldstein in which he advances his arguments as to why he and
his nominees deserve your vote. His principal complaint revolves around the
Fund's 1999 rights offering and the widening of the discount at which the Fund's
shares have traded, and he outlines various actions his nominees would consider
to address the discount issue if elected. In deciding which slate to support,
shareholders should keep in mind the following:
- Under the Fund's current directors, one of whom has served since 1988 and
two since 1990, the Fund has successfully pursued over the long term its
investment objective of providing high current income to shareholders
consistent with the preservation of capital. The chart below illustrates
that an investor who acquired $10,000 of the Fund's shares ten years ago
and who reinvested dividends and participated in the rights offering would
have seen that investment grow to over $31,824 in market value by March 31
of this year.
EDGAR REPRESENTATION OF DATA POINTS USED IN PRINTED GRAPHIC
<TABLE>
<S> <C>
03/30/1990 $10,000.00
04/30/1990 $10,106.04
05/31/1990 $9,917.29
06/29/1990 $10,469.28
07/31/1990 $10,576.99
08/31/1990 $10,383.74
09/28/1990 $9,109.53
10/31/1990 $9,214.48
11/30/1990 $9,951.00
12/31/1990 $10,065.77
01/31/1991 $10,341.88
02/28/1991 $11,108.20
03/28/1991 $11,558.53
04/30/1991 $12,014.85
05/31/1991 $12,648.19
06/28/1991 $12,439.55
07/31/1991 $13,427.61
08/30/1991 $13,912.30
09/30/1991 $14,053.83
10/31/1991 $13,839.64
11/29/1991 $14,337.60
12/31/1991 $15,029.25
01/31/1992 $14,818.30
02/28/1992 $15,154.94
03/31/1992 $16,427.96
04/30/1992 $16,781.45
05/29/1992 $17,523.06
06/30/1992 $16,160.76
07/31/1992 $17,294.45
08/31/1992 $16,466.83
09/30/1992 $16,215.98
10/30/1992 $14,766.08
11/30/1992 $15,705.22
12/31/1992 $15,503.87
01/29/1993 $16,396.70
02/26/1993 $17,161.48
03/31/1993 $17,517.53
04/30/1993 $17,458.80
05/28/1993 $17,821.61
06/30/1993 $17,760.51
07/30/1993 $18,559.71
08/31/1993 $18,502.19
09/30/1993 $18,225.09
10/29/1993 $18,381.58
11/30/1993 $16,752.35
12/31/1993 $16,975.71
01/31/1994 $17,421.36
02/28/1994 $16,850.13
03/31/1994 $16,502.58
04/29/1994 $16,384.90
05/31/1994 $16,498.33
06/30/1994 $16,613.38
07/29/1994 $16,495.16
08/31/1994 $16,138.08
09/30/1994 $15,775.67
10/31/1994 $15,407.94
11/30/1994 $16,004.89
12/30/1994 $16,004.89
01/31/1995 $16,486.94
02/28/1995 $16,853.17
03/31/1995 $16,973.55
04/28/1995 $17,093.02
05/31/1995 $17,463.73
06/30/1995 $17,330.52
07/31/1995 $17,450.37
08/31/1995 $17,829.21
09/29/1995 $17,951.51
10/31/1995 $18,336.48
11/30/1995 $18,461.75
12/29/1995 $18,725.49
01/31/1996 $19,396.41
02/29/1996 $19,806.61
03/29/1996 $19,143.15
04/30/1996 $19,289.82
05/31/1996 $19,161.80
06/28/1996 $19,586.56
07/31/1996 $19,736.63
08/30/1996 $20,443.61
09/30/1996 $20,591.83
10/31/1996 $20,458.84
11/29/1996 $20,895.43
12/31/1996 $20,762.74
01/31/1997 $21,614.54
02/28/1997 $22,355.45
03/31/1997 $21,624.61
04/30/1997 $22,378.15
05/30/1997 $22,836.63
06/30/1997 $23,449.66
07/31/1997 $23,914.67
08/29/1997 $23,771.50
09/30/1997 $24,703.99
10/31/1997 $24,879.37
11/28/1997 $25,372.08
12/31/1997 $25,392.95
01/30/1998 $26,402.82
02/27/1998 $26,745.38
03/31/1998 $26,766.95
04/30/1998 $27,114.23
05/29/1998 $26,647.13
06/30/1998 $26,341.22
07/31/1998 $26,362.06
08/31/1998 $21,852.84
09/30/1998 $23,388.75
10/30/1998 $23,417.59
11/30/1998 $24,130.38
12/31/1998 $23,983.01
01/29/1999 $24,504.88
02/26/1999 $23,300.35
03/31/1999 $24,217.80
04/30/1999 $24,783.77
05/28/1999 $25,171.67
06/30/1999 $26,115.21
07/30/1999 $26,508.34
08/31/1999 $25,793.25
09/30/1999 $22,463.34
10/29/1999 $27,918.53
11/30/1999 $27,445.38
12/31/1999 $27,480.14
01/31/2000 $29,085.98
02/29/2000 $30,711.39
03/15/2000 $31,288.23
03/31/2000 $31,824.25
</TABLE>
- In September 1997, the Board of Directors increased the Fund's monthly
dividend rate by over 7%, from $0.0675 per share to $0.0725 per share, and
has at all times since then maintained that dividend rate.
- The Fund's current Directors as a group own in excess of 14,000 shares of
the Fund's common stock, and thus their personal interests are aligned
with those of the shareholders. The Board of Directors notes that two of
Mr. Goldstein's nominees do not own any shares of the Fund.
- Of the shares of the Fund beneficially owned by Mr. Goldstein as of
March 27, 2000, substantially all were purchased on or after October 29,
1999, when the Fund's shares traded at a substantial discount to net asset
value, including 92% which were purchased on October 29, 1999 when the
closing sales price of the Fund's shares represented a discount of 15.95%
to net asset value.
- The actions that Mr. Goldstein and his nominees might consider to address
the discount issue, such as self-tenders or converting the Fund to an
open-end fund (i.e., a fund that stands ready to redeem
<PAGE>
shares at any time at net asset value) may well jeopardize the ability of
the Fund to preserve its current dividend policy and otherwise could have
significant adverse effects on the Fund. For example:
- converting the Fund to an open-end fund or conducting self-tenders for
the Fund's shares could cause a substantial decline in the Fund's size
and a loss of economies of scale, with a corresponding increase in the
Fund's expense ratio, since fixed expenses would be spread across a
smaller asset base.
- Substantial redemptions or share repurchases would likely also require
the Fund to sell portfolio securities and incur increased transaction
costs in order to raise the cash necessary to fund such redemptions or
repurchases.
- The cash reserves required to meet anticipated redemptions in an
open-end format when net redemptions are expected typically will be
invested in lower-yielding assets, thus negatively impacting the
Fund's return. The need to maintain such reserves could reduce the
Fund's investment flexibility and prevent the Fund from taking
advantage of attractive investment opportunities when they occur, thus
adversely affecting long term portfolio management.
ALL OF THESE FACTORS COULD RESULT IN LOWER DIVIDENDS BEING PAID ON THE FUND'S
SHARES.
The Fund's directors are concerned about the discount at which the Fund's
shares trade, and monitor this situation closely. The Fund's shareholders should
understand, however, that the widening of the discount in the last year has been
the unfortunate experience of high-yield closed-end funds generally. To
illustrate, in January 1999 the funds included in the Lipper High Current Yield
Fund category (eight in number) were trading at an average premium to net asset
value of 7.21%. By July this figure had surged to a yearly high of a 13.36%
premium, but by December of 1999 had slipped all the way to a 10.36% DISCOUNT.
It is too early to tell whether this is a temporary phenomenon or reflective of
a more fundamental shift in the market, but the current Board is prepared to
address the discount issue in a prudent and responsible fashion without at the
same time jeopardizing the Fund's dividend policy.
ACCORDINGLY, THE BOARD OF DIRECTORS, INCLUDING THE NON-INTERESTED DIRECTORS,
RECOMMENDS THAT THE SHAREHOLDERS VOTE "FOR" THE NOMINEES PROPOSED BY THE BOARD
OF DIRECTORS IN PROPOSAL 1.
Very truly yours,
Enrique R. Arzac
Lawrence J. Fox
James S. Pasman, Jr.
William W. Priest, Jr.
IMPORTANT
1. Be sure to vote only the WHITE proxy card. We urge you not to sign any GREEN
proxy card which is sent to you by Phillip Goldstein. Remember, each
properly executed proxy you submit revokes all prior proxies.
2. If any of your shares are held in the name of a bank, broker or other
nominee, please contact the party responsible for your account and direct
them to vote on the WHITE card "FOR" proposals 1 and 2.
3. If you have any questions or need assistance in voting your shares, please
contact the firm assisting us in the solicitation of proxies:
GEORGESON SHAREHOLDER COMMUNICATIONS, INC.
Call Toll-Free (800) 223-2064
<PAGE>
PROXY
CREDIT SUISSE ASSET MANAGEMENT
STRATEGIC GLOBAL INCOME FUND, INC.
THIS PROXY IS SOLICITED ON BEHALF OF THE BOARD OF DIRECTORS
The undersigned hereby appoints Michael A. Pignataro and Hal Liebes as
Proxies, each with the power to appoint his substitute, and hereby authorizes
them to represent and to vote, as designated on the other side and in
accordance with their judgment on such other matters as may properly come
before the meeting or any adjournments thereof, all shares of Credit Suisse
Asset Management Strategic Global Income Fund, Inc. (the "Fund") that the
undersigned is entitled to vote at the annual meeting of stockholders on
Monday, May 8, 2000, and at any adjournment thereof.
PLEASE MARK, SIGN, DATE AND RETURN THIS PROXY CARD
PROMPTLY USING THE ENCLOSED ENVELOPE.
- --------------- ---------------
SEE REVERSE CONTINUED AND TO BE SIGNED SEE REVERSE
SIDE ON REVERSE SIDE SIDE
- --------------- ---------------
<PAGE>
/ X / Please mark your votes as in this example.
- --------------------------------------------------------------------------------
THE BOARD OF DIRECTORS RECOMMENDS A VOTE "FOR" THE NOMINEES IN PROPOSAL 1
AND "FOR" PROPOSAL 2.
IF NO DIRECTION IS MADE, THIS PROXY WILL BE VOTED FOR PROPOSALS 1 AND 2.
- --------------------------------------------------------------------------------
1. ELECTION OF THE FOLLOWING NOMINEES AS DIRECTORS:
Nominees: (01) Enrique R. Arzac, (02) Lawrence J. Fox,
(03) James S. Pasman, Jr., (04) William W. Priest, Jr.
/ / FOR all nominees listed above (except as marked to the contrary above)
/ / WITHHOLD AUTHORITY to vote for all nominees listed above
(Instruction: To withhold authority for any individual nominee, strike a
line through such individual's name above.)
2. TO RATIFY THE SELECTION OF PRICEWATERHOUSECOOPERS LLP AS INDEPENDENT
ACCOUNTANTS OF THE FUND FOR THE FISCAL YEAR ENDING DECEMBER 31, 2000.
FOR AGAINST ABSTAIN
/ / / / / /
Mark Here for Address Change and Note at Left. / /
This proxy when properly executed will be voted in the manner directed herein
by the undersigned shareholder.
When shares are held by joint tenants, both should sign.
When signing as attorney, executor, administrator, trustee or guardian,
please give full title as such. If a corporation, please sign in full
corporate name by president or other authorized officer. If a partnership,
please sign in partnership name by authorized person.
Date:________________________________________________________________, 2000
Signature:_________________________________________________________________
Signature:_________________________________________________________________
