Salomon Brothers 2008 Worldwide Dollar Government Term Trust Inc. Announces Reclassification of June and July Distributions to Long-Term Capital Gains NEW YORK, July 22 /PRNewswire-FirstCall/ -- Salomon Brothers 2008 Worldwide Dollar Government Term Trust Inc., which is listed on the New York Stock Exchange under the symbol "SBG," announced today that the June and July 2004 distributions of $0.0730 per share previously attributed to ordinary income have been reclassified as long-term capital gains distributions. This reclassification results from the unanticipated redemption of bonds by the issuer prior to the bonds' scheduled maturity that has resulted in the realization of a long-term capital gain in lieu of ordinary income. The Fund's August 2004 distribution of $0.0730 per share payable August 27, 2004 to shareholders of record as of August 17, 2004 remains attributable to ordinary income. The dividend distribution schedules for the months of June, July and August 2004 appear below: Ex-Dividend Record Payable June 6/11/04 6/15/04 6/25/04 July 7/9/04 7/13/04 7/30/04 August 8/13/04 8/17/04 8/27/04 Salomon Brothers 2008 Worldwide Dollar Government Term Trust Inc., a non-diversified investment management company, is managed by Salomon Brothers Asset Management Inc., an indirect wholly owned subsidiary of Citigroup Inc. For more information, call 1-888-777-0102, or consult the Fund's web site at http://www.sbam.com/. DATASOURCE: Salomon Brothers 2008 Worldwide Dollar Government Term Trust Inc. CONTACT: Brenda Grandell +1-212-291-3775, Director, Closed-End Funds, Salomon Brothers 2008 Worldwide Dollar Government Term Trust Inc. Web site: http://www.sbam.com/

Copyright