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Global Diversified Investment Grade Income Trust - 2009 Annual Redemption Price

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^{Published in Business and Finance on Wednesday, August 26th 2009 at 6:25 GMT, Last Modified on 2009-08-26 06:25:01 by Market Wire}  

 MONTREAL, Aug. 26 /CNW Telbec/ - Global Diversified Investment Grade Income Trust ("Global DIGIT" or the "Trust") (TSX: DG.UN) announces today that the redemption price for this year's annual redemption will be $2.71 per unit. The annual redemption date for 2009 is August 31, 2009, and pursuant to the special measures announced on July 21, 2009 in respect of this year's annual redemption, Unitholders will have until 4:00 p.m. EDT on August 27, 2009 (the "Tendering/Withdrawal Deadline") to tender Units or withdraw Units tendered under the 2009 annual redemption process. The payment date for Units redeemed will be September 15, 2009. Redemption/Withdrawal procedure A Unitholder who wishes to tender Units for redemption must cause a broker, dealer, bank or other financial institution participating (a "CDS Participant") in the book-entry system maintained by CDS Clearing and Depository Services Inc. ("CDS") to deliver to CDS (at its office in the City of Montreal, Québec or Toronto, Ontario) on behalf of the Unitholder a written redemption notice no later than the Tendering/Withdrawal Deadline. A Unitholder who desires to have Units redeemed should ensure that the CDS Participant is provided with instructions sufficiently in advance of the Tendering/Withdrawal Deadline to permit the CDS Participant to deliver a notice to CDS by the Tendering/Withdrawal Deadline. Similarly, a Unitholder who has tendered Units for redemption but wishes to withdraw such tendered Units should ensure that a CDS Participant is notified of the Unitholder's intention sufficiently before the Tendering/Withdrawal Deadline in order for that CDS Participant to notify CDS before the Tendering/Withdrawal Deadline. Any Unitholder who does not cause a CDS Participant to tender or withdraw, as the case may be, Units before the Tendering/Withdrawal Deadline will not be able to have such Units redeemed or withdrawn as part of the 2009 Annual Redemption process. To initiate the tender or withdrawal procedure, Unitholders should contact their investment advisor. No recommendation The boards of directors of the Trustees make no recommendation regarding whether any Unitholder should continue to hold their Units, sell their Units in the market, or tender their Units for redemption under the annual redemption. These are determinations that Unitholders should make in consultation with their own financial and tax advisors. About Global DIGIT Global DIGIT provides an economic interest in a mezzanine tranche of credit default swap agreements in respect of portfolios of synthetic corporate exposures, mortgage-backed securities, asset-backed securities and structured finance securities. 

For further information: François Rivard, (514) 879-6405, [ http://info.fbn.ca/trusts ]