With continued expansion of its unique platform of alternative investments, Altegris announced today that it has further enhanced its research efforts by hiring senior associates Eric Bundonis and Ryan Hart, bringing exceptional experience to the growing alternatives research team.

"With our singular focus on alternative investments, we continue to add products to our platform which access award-winning managers," said Jon Sundt, President and CEO of Altegris Investments. "In today's uncertain financial markets, the leading alternative strategies are more desirable than ever. We are pleased to further strengthen our solid research team, supporting our continued commitment to providing access to and ongoing review of what we believe to be premier managers in the alternatives space."

Mr. Bundonis brings in-depth due diligence experience to the Altegris research team, joining the firm from OneCapital Management Partners in New York. As a member of OneCapital's investment committee, he was responsible for identifying, selecting, and monitoring investments for multi-manager funds of hedge funds serving institutional and high net worth investors. Previously, Mr. Bundonis conducted comprehensive qualitative and quantitative research on prospective and existing investments for one of the world's leading family office investors, Auda Advisor Associates in New York. Mr. Bundonis' exposure to a wide variety of alternative investment styles coupled with his rigorous due diligence experience at both OneCapital and Auda provides him with a robust skill-set that will be well utilized on the Altegris Research & Investments Team.

Mr. Hart joins Altegris from Wachovia, where he served as Alternative Investment Strategist, responsible for analyzing and recommending alternative investments. In this role, Mr. Hart also advised the investment network on the best utilization of alternative investments in client portfolios. Previously, he was a senior member of the investment team at Meritage Capital responsible for manager due diligence for fund of funds portfolios. Mr. Hart started his career at Franklin Templeton Investments where he performed quantitative and qualitative analysis on alternative investment managers and strategies while being a member of the investment committee. With extensive alternative due diligence and investments experience, Mr. Hart brings valuable skills and insight to the Altegris Research & Investments Team. Mr. Hart holds the designation of Chartered Financial Analyst (CFA) and Chartered Alternative Investment Analyst (CAIA).

"Our firm's solid commitment to industry-leading research and our specialized process of vetting and monitoring fund managers is what, I believe, truly allows Altegris to stand out in these challenging economic times," added Allen Cheng, Managing Director, Research and Investments.

About Altegris Investments

Altegris provides access to a platform of alternative investments designed to meet the needs of sophisticated investors and their wealth managers. The Altegris team of over 60 professionals, including a 12-person research team, is dedicated to finding, selecting and negotiating capacity with selected hedge funds, managed futures funds, and other alternative investments. Currently, investors have allocated more than $2 billion in trading level to alternative investments available through the Altegris platform. The Altegris Group of Companies includes Altegris Investments, APM Funds, and other affiliates.

For more information, please contact Matt Habecker at (800) 828-5225 or mhabecker@altegris.com. Altegris Investments, Inc. Trusted Alternatives. Intelligent Investing. (SM) 1200 Prospect St, Ste 400 La Jolla, California 92037 (800) 828-5225 info@altegris.com'>info@altegris.com www.altegris.com

Bank of America Merrill Lynch today announced that Christopher T. Bae and Thomas S.B. Gillie will join the company as managing directors and co-heads of global foreign exchange options. They will join the company in October, reporting to Chris Vogel, head of G10 currency trading.

(Logo: http://www.newscom.com/cgi-bin/prnh/20090812/CL60095LOGO )

"The first half of this year has been very gratifying for our team," said David Gu, global head of rates and currencies. "The combination of Bank of America's unrivalled reach into corporate and retail clients and Merrill Lynch's long-standing relationships with institutional clients makes us a powerhouse in foreign exchange. Our goal now is to leverage the strategic advantages of our newly combined platform and become the No. 1 provider of solutions for our clients."

"Foreign exchange options are an increasingly common risk management tool, and Chris and Tom are proven trading veterans of the product," Vogel added. "We fully expect that the combination of their partnership with our talented sales force will pay immediate dividends - both in terms of deepening our client advisory expertise and in broadening our product footprint."

Bae joins from Goldman Sachs where he worked for 10 years, most recently as managing director in the equity derivatives trading group. Previously, he worked in the currency options trading group where over an eight-year period, he had various responsibilities, including managing the European options portfolio. He has a bachelor's degree in economics from the Massachusetts Institute of Technology.

Gillie, with more than 14 years of experience in options trading, joins from Credit Suisse where he worked for more than 10 years. In 2000, he was appointed head of the Asia FX business and subsequently assumed responsibility for FX structuring and FX sales. He was a member of the Asian fixed income management committee. Gillie holds a bachelor's degree from Manchester University.

Bank of America

Bank of America is one of the world's largest financial institutions, serving individual consumers, small- and middle-market businesses and large corporations with a full range of banking, investing, asset management and other financial and risk management products and services. The company's corporate and investment banking, and sales and trading businesses operate under the Bank of America Merrill Lynch brand. Bank of America Merrill Lynch focuses on middle-market and large corporations, institutional investors, financial institutions and government entities. It provides innovative services in M&A, equity and debt capital raising, lending, trading, risk management, research, and liquidity and payments management. Bank of America Merrill Lynch serves clients in more than 150 countries and has relationships with 99 percent of the U.S. Fortune 500 companies and nearly 96 percent of the Fortune Global 500.

Bank of America Merrill Lynch is the marketing name for the global banking and global markets businesses of Bank of America Corporation. Lending, derivatives, and other commercial banking activities are performed globally by banking affiliates of Bank of America Corporation, including Bank of America, N.A., member FDIC. Securities, strategic advisory, and other investment banking activities are performed globally by investment banking affiliates of Bank of America Corporation ("Investment Banking Affiliates"), including, in the United States, Banc of America Securities LLC and Merrill Lynch, Pierce, Fenner & Smith Incorporated, which are both registered broker-dealers and members of FINRA and SIPC, and, in other jurisdictions, locally registered entities. Investment products offered by Investment Banking Affiliates: Are Not FDIC Insured * May Lose Value * Are Not Bank Guaranteed

The Funds announced today the earnings for the three months ended July 31, 2009. The same data for the comparable three month period ended July 31, 2008 is also available below.

                                  Three Months Ended 7/31/2009
                                  ----------------------------
                    Current
                    Fiscal     Net       Per              Total       Common
            Fund     Year   Investment  Common             Net        Shares
    Ticker  Name      End     Income    Share    NAV     Assets    Outstanding
    ------  ----      ---    ------     -----    ---     ------    -----------
          Preferred
           Income
    HPI    Fund       7/31  $9,704,077  $0.375 $16.32 $631,439,394* 25,901,361
          Preferred
           Income
    HPF    Fund II    7/31  $7,910,147  $0.373 $16.22 $513,245,683* 21,182,284
          Preferred
           Income
    HPS    Fund III   7/31  $9,923,001  $0.316 $14.05 $655,060,446* 31,438,217
          Patriot
           Premium
           Dividend
    PDT    II        10/31 $10,258,365  $0.205  $9.43 $706,023,656* 49,969,927
          Income
           Securities
    JHS    Trust     10/31  $2,636,275  $0.230 $12.23 $198,118,833* 11,459,332
          Investors
    JHI    Trust     10/31  $2,874,892  $0.342 $16.31 $199,952,414*  8,414,865
          Bank and
           Thrift
           Oppor-
    BTO    tunity    10/31  $1,189,946  $0.057 $15.93 $333,560,798  20,941,400
          Tax-
           Advantaged
           Global
           Share-
           holder
    HTY    Yield     10/31  $2,205,473  $0.236 $12.60 $117,647,991   9,337,600
                     -----  ----------  ------ ------ ------------   ---------



                                  Three Months Ended 7/31/2008
                                  ----------------------------
                    Current
                    Fiscal     Net       Per              Total       Common
            Fund     Year   Investment  Common             Net        Shares
    Ticker  Name      End     Income    Share    NAV     Assets    Outstanding
    ------  ----      ---    ------     -----    ---     ------    -----------
          Preferred
           Income
    HPI    Fund       7/31  $9,508,900  $0.368 $18.28 $695,093,543* 25,826,164
          Preferred
           Income
    HPF    Fund II    7/31  $7,637,101  $0.362 $18.26 $569,826,619* 21,125,906
          Preferred
           Income
    HPS    Fund III   7/31 $12,408,447  $0.397 $17.29 $793,808,549* 31,280,764
          Patriot
           Premium
           Dividend
    PDT    II        10/31 $10,857,749  $0.196 $10.17 $828,323,435* 55,368,340
          Income
           Securities
    JHS    Trust     10/31  $3,809,695  $0.335 $13.01 $218,105,045* 11,386,709
          Investors
    JHI    Trust     10/31  $3,963,750  $0.475 $17.74 $218,875,997*  8,336,642
          Bank and
           Thrift
           Oppor-
    BTO    tunity    10/31  $3,423,904  $0.041  $5.35 $451,912,672  84,400,000
          Tax-
           Advantaged
           Global
           Share-
           holder
    HTY    Yield     10/31  $3,009,877  $0.322 $15.84 $148,143,867   9,350,000
    ---    -----     -----  ----------  ------ ------ ------------   ---------

    *Total net assets include assets attributable to borrowings under Credit
    Facility Agreement

About John Hancock Funds

The Boston-based mutual fund business unit of John Hancock Financial, John Hancock Funds manages more than $42.9 billion in open-end funds, closed-end funds, private accounts, retirement plans and related party assets for individual and institutional investors at June 30, 2009.

About John Hancock Financial and Manulife Financial Corporation

John Hancock Financial is a unit of Manulife Financial Corporation (the company), a leading Canadian-based financial services group serving millions of customers in 19 countries and territories worldwide. Operating as Manulife Financial in Canada and in most of Asia, and primarily as John Hancock in the United States, the company offers clients a diverse range of financial protection products and wealth management services through its extensive network of employees, agents and distribution partners. Funds under management by Manulife Financial and its subsidiaries were Cdn$421 billion (US$362 billion) at June 30, 2009.

Manulife Financial Corporation trades as 'MFC' on the TSX, NYSE and PSE, and under '0945' on the SEHK. Manulife Financial can be found on the Internet at www.manulife.com.

The John Hancock unit, through its insurance companies, comprises one of the largest life insurers in the United States. John Hancock offers a broad range of financial products and services, including life insurance, fixed and variable annuities, fixed products, mutual funds, 401(k) plans, long-term care insurance, college savings, and other forms of business insurance. Additional information about John Hancock may be found at www.johnhancock.com.

AllianceBernstein Global High Income Fund, Inc. [NYSE: AWF] (the "Fund") today released its monthly portfolio update as of July 31, 2009.

                    AllianceBernstein Global High Income Fund, Inc.

    Top 10 Fixed-Income Holdings
                                                            Portfolio%
        1)Republic of Brazil 12.50%, 1/05/16 - 1/05/22           3.04%
        2)Argentina Bonos 7.00%, 10/03/15                        2.70%
        3)Turkey Government Bond 16.00%, 3/07/12                 2.42%
        4)RSHB Capital SA for OJSC Russian                       1.55%
          Agricultural Bank 7.75%, 5/29/18
        5)Gaz Capital SA 6.51%, 3/07/22                          1.52%
        6)Citigroup/Deutsche Bank Commercial Mortgage            1.49%
          Trust Series 2006-CD2, Class A2 5.408%, 1/15/46
        7)Republic of Colombia 7.375%, 1/27/17 - 9/18/37         1.45%
        8)Greenwich Capital Commercial Funding Corp.             1.44%
          Series 2005-GG5, Class A2 5.117%, 4/10/37
        9)GS Mortgage Securities Corp. II Series                 1.43%
          2006-GG6, Class A2 5.506%, 4/10/38
       10)Republic of Philippines 9.875%, 1/15/19                1.39%

    Security Type Breakdown
                                                           Portfolio%
    Corporates - Non-Investment Grades:
            Industrial:
              Consumer Non-Cyclical                             3.71%
              Basic                                             3.71%
              Consumer Cyclical - Other                         3.25%
              Communications - Telecommunications               2.74%
              Capital Goods                                     2.66%
              Communications - Media                            2.44%
              Technology                                        2.01%
              Energy                                            1.81%
              Consumer Cyclical - Retailers                     1.61%
              Services                                          1.01%
              Consumer Cyclical - Automotive                    0.98%
              Other Industrial                                  0.71%
              Transportation - Services                         0.42%
              Transportation - Railroads                        0.13%
              Consumer Cyclical - Restaurants                   0.12%
              Consumer Cyclical - Entertainment                 0.11%
              Transportation - Airlines                         0.09%
            SUBTOTAL                                           27.51%
            Financial Institutions:
              Banking                                           1.63%
              Finance                                           0.67%
              Insurance                                         0.30%
              Other Finance                                     0.22%
              REITS                                             0.21%
              Brokerage                                         0.12%
            SUBTOTAL                                            3.15%
            Utility:
              Electric                                          2.06%
              Natural Gas                                       0.51%
            SUBTOTAL                                            2.57%
            Credit Default Index Holdings:
              DJ CDX.NA.HY-100                                  0.86%
            SUBTOTAL                                            0.86%
         SUBTOTAL                                              34.09%
         Emerging Markets - Sovereigns                         19.93%
         Corporates - Investment Grades:
            Industrial:
              Basic                                             2.13%
              Energy                                            0.62%
              Consumer Non-Cyclical                             0.32%
              Communications - Telecommunications               0.31%
              Technology                                        0.17%
              Consumer Cyclical - Other                         0.14%
              Capital Goods                                     0.08%
            SUBTOTAL                                            3.77%
            Financial Institutions:
              Banking                                           2.05%
              Insurance                                         0.42%
              Finance                                           0.37%
              Other Finance                                     0.29%
            SUBTOTAL                                            3.13%
            Non Corporate Sectors:
              Agencies - Not Government Guaranteed              2.34%
              Sovereign                                         0.06%
            SUBTOTAL                                            2.40%
            Utility:
              Natural Gas                                       0.31%
              Electric                                          0.15%
            SUBTOTAL                                            0.46%
         SUBTOTAL                                               9.76%
         Commercial Mortgage-Backed Securities:
            Non-Agency Fixed Rate CMBS                          8.98%
         Governments - Treasuries:
            Treasuries                                          5.73%
         Quasi-Sovereigns:
            Quasi-Sovereign Bonds                               5.55%
         Emerging Markets - Treasuries                          3.69%
         Governments - Sovereign Bonds                          3.55%
         Emerging Markets - Corporate Bonds:
            Industrial:
              Basic                                             0.50%
              Other Industrial                                  0.47%
              Energy                                            0.14%
              Consumer Non-Cyclical                             0.13%
              Consumer Cyclical - Retailers                     0.11%
              Consumer Cyclical - Other                         0.09%
            SUBTOTAL                                            1.44%
            Financial Institutions:
              Banking                                           0.95%
              Other Finance                                     0.24%
            SUBTOTAL                                            1.19%
            Utility:
              Electric                                          0.16%
            SUBTOTAL                                            0.16%
         SUBTOTAL                                               2.79%
         Bank Loans:
            Industrial:
              Communications - Media                            0.55%
              Consumer Non-Cyclical                             0.32%
              Capital Goods                                     0.22%
              Technology                                        0.20%
              Services                                          0.19%
              Consumer Cyclical - Other                         0.18%
              Basic                                             0.08%
              Energy                                            0.08%
              Consumer Cyclical - Retailers                     0.02%
              Consumer Cyclical - Automotive                    0.02%
            SUBTOTAL                                            1.86%
            Utility:
              Electric                                          0.26%
            SUBTOTAL                                            0.26%
            Financial Institutions:
              Insurance                                         0.07%
              Finance                                           0.03%
            SUBTOTAL                                            0.10%
         SUBTOTAL                                               2.22%
         Asset-Backed Securities:
            Home Equity Loans - Floating Rate                   0.44%
         Governments - Sovereign Agencies                       0.43%
         Equities:
            Common Stock                                        0.30%
            Warrants                                            0.11%
         SUBTOTAL                                               0.41%
         Local Governments - Regional Bonds                     0.34%
         CMOs:
            Non-Agency ARMS                                     0.33%
         Inflation-Linked Securities                            0.30%
         Preferred Stocks:
            Financial Institutions                              0.03%
            Non Corporate Sectors                               0.01%
         SUBTOTAL                                               0.04%
         Short-Term Investments:
            Investment Companies                                1.42%
         Total                                                100.00%

    Country Breakdown
                                                           Portfolio%
                United States                                  44.94%
                Russia                                          9.59%
                Brazil                                          6.82%
                Indonesia                                       3.88%
                Argentina                                       3.36%
                Turkey                                          3.35%
                Venezuela                                       3.34%
                Colombia                                        3.21%
                Hungary                                         1.82%
                Philippines                                     1.77%
                Kazakhstan                                      1.69%
                Peru                                            1.40%
                Uruguay                                         1.36%
                Ukraine                                         1.32%
                El Salvador                                     1.09%
                Canada                                          1.08%
                Panama                                          1.07%
                Dominican Republic                              0.91%
                Hong Kong                                       0.87%
                United Kingdom                                  0.83%
                South Africa                                    0.73%
                Ghana                                           0.56%
                Australia                                       0.48%
                Netherlands                                     0.47%
                Egypt                                           0.46%
                Gabon                                           0.42%
                Iceland                                         0.40%
                India                                           0.39%
                Jamaica                                         0.35%
                France                                          0.29%
                Germany                                         0.26%
                Singapore                                       0.23%
                Ireland                                         0.23%
                Bermuda                                         0.21%
                Japan                                           0.18%
                Luxembourg                                      0.16%
                Cayman Islands                                  0.16%
                Nigeria                                         0.11%
                Italy                                           0.09%
                Poland                                          0.08%
                Belgium                                         0.04%
                Total                                         100.00%

    Credit Quality Breakdown
                                                           Portfolio%
                    AAA                                         9.34%
                    AA                                          0.38%
                    A                                           2.17%
                    BBB                                        27.21%
                    BB                                         31.02%
                    B                                          20.72%
                    CCC                                         6.33%
                    CC                                          0.89%
                    C                                           0.16%
                    D                                           0.35%
                    A-1+                                        1.43%
                    Total Investments                         100.00%


    Portfolio Statistics
        Percentage of Leverage:
          Bank Borrowing:              0.00%
          Investment Operations:      13.50%*
          Preferred Stock:             0.00%
          Tender Option Bonds:         0.00%


        Avg. Maturity:        8.64 Years
        Duration:             5.21 Years
        Total Net Assets:    $931.3 Million
        Net Asset Value:     $12.20
        Number of Holdings:   521

* Investment Operations may include the use of certain portfolio management techniques such as credit default swaps, dollar rolls, negative cash, reverse repurchase agreements and when-issued securities.

The foregoing portfolio characteristics are as of the date indicated and can be expected to change. The Fund is a closed-end U.S.-registered management investment company advised by AllianceBernstein L. P.

The Colony Group announced the launch of its latest investment offering, Colony Fund Portfolios, an actively managed, turn-key mutual fund solution. The Colony Group has been managing mutual fund portfolios, as well as portfolios of individual equity, fixed-income, and other securities, for over 20 years, but traditionally the firm has offered its services only to wealthy investors and institutions. By providing access through Colony Fund Portfolios, The Colony Group will extend its substantial expertise in fund selection and portfolio construction to a broader range of investors -- at fees lower than typical market rates.

(Logo: http://www.newscom.com/cgi-bin/prnh/20071126/COLONYGROUPLOGO )

At this time, five Colony Fund Portfolios are open to new investors: Colony Conservative Portfolio; Colony Conservative Growth and Income Portfolio; Colony Growth and Income Portfolio; Colony Growth Portfolio; and Colony Aggressive Growth Portfolio. Each portfolio is comprised of approximately 15 no-load or load-waived mutual funds carefully selected by The Colony Group's investment professionals.

Elisabeth Talbot, Chief Market Strategist of The Colony Group, explained the offering: "We draw on decades of collective investment experience and success to create responsible asset allocation strategies. We then diversify our client portfolios across a broad range of asset classes using carefully screened mutual funds. Importantly, however, we make tactical changes whenever necessary to account for changing market and economic trends. We also monitor and update our portfolios to address certain fund-related changes, tax considerations, and various other investment-related circumstances."

Talbot described the rigorous analytical process behind Colony Fund Portfolios. "The Colony Group invests primarily in fund managers, not funds. This means that we are focused first and foremost on evaluating the performance of active managers over time and under different conditions, with a view toward forecasting the relative performance of their funds.

"We see Colony Fund Portfolios as an excellent investment offering for investors of all sizes. Each of the five portfolios has a track record of approximately 10 years and has delivered performance of which we're very proud."

About The Colony Group, LLC

Since its founding in 1986, The Colony Group has provided investment, wealth management, and other financial advisory services to individuals, corporate clients, profit-sharing plans, charitable organizations, and other institutions. Owned and managed by a group of financial professionals dedicated to providing objective advice and exceptional service to clients, The Colony Group manages over a billion dollars and has offices in Boston, Washington, D.C., West Palm Beach, and Naples.

Additional information about Colony Fund Portfolios can be found at www.colonyfundportfolios.com.

Today, Lincoln Financial Group (NYSE: LNC) announced that it signed a definitive stock purchase agreement to sell ownership of Delaware Management Holdings, Inc. and its subsidiaries (also known by the marketing name of Delaware Investments), including Delaware Management Company, manager to the Delaware Investments((R)) Family of Funds, to Macquarie Group, a global provider of banking, financial, advisory, investment and funds management services. Delaware Management Company is a series of Delaware Management Business Trust, the investment adviser to Delaware Investments Arizona Municipal Income Fund, Inc. (VAZ), Delaware Investments Colorado Municipal Income Fund, Inc. (VCF), Delaware Investments National Municipal Income Fund (VFL), and Delaware Investments Minnesota Municipal Income Fund II, Inc. (VMM) (together, the "Municipal Income Funds"). In connection with this announcement, the Municipal Income Funds' Boards of Trustees/Directors (the "Board") will meet to consider: (1) new investment management agreements between Delaware Management Company and the Municipal Income Funds; and (2) the submission of a proposal to the Municipal Income Funds' shareholders to approve the new investment management agreements. The Municipal Income Funds will announce the Board's determinations in a future press release.

The investment objective of each Municipal Income Fund, other than Delaware Investments National Municipal Income Fund, is to provide current income exempt from federal income tax and from the personal income tax of its state, if any, consistent with the preservation of capital. The investment objective of Delaware Investments National Municipal Income Fund is to provide current income exempt from regular federal income tax consistent with the preservation of capital. In addition, each Municipal Income Fund has the ability to utilize leveraging techniques in an attempt to obtain a higher return for the Municipal Income Fund.

About Delaware Investments:

Delaware Investments, an affiliate of Lincoln Financial Group, is a Philadelphia-based diversified asset management firm with more than $120 billion in assets under management as of June 30, 2009. Through a broad range of managed accounts and portfolios, mutual funds, retirement accounts, sub-advised funds and other investment products, Delaware Investments provides investment services to individual investors and to institutional investors such as private and public pension funds, foundations, and endowment funds. Delaware Investments is the marketing name for Delaware Management Holdings, Inc. and its subsidiaries. For more information on Delaware Investments, visit the company at www.delawareinvestments.com or for shareholder related questions, call 800 523-1918. Lincoln Financial Group is the marketing name for Lincoln National Corporation (NYSE: LNC) and its affiliates. For more information on Lincoln Financial Group, visit www.lincolnfinancial.com.