Diversified Investment Grade Income Trust, Series 1 - Final Distribution at Maturity on October 9, 2007 and the Net Asset Value as at August 31, 2007



    MONTREAL, Sept. 19 /CNW Telbec/ - Diversified Investment Grade Income
Trust, Series 1 ("DIGIT") (TSX:DGT.UN) announces that, in absence of a credit
event occurring on or before September 24, 2007 and based on certain revenue
and expenses assumptions, a final distribution of $9.33 (being the sum of a
regular distribution of $0.34 per unit and the estimated net asset value
("NAV") as at that date) will be made on October 9, 2007.
    Based on those revenue and expenses assumptions, the Trustee estimates
that, from the amount of $9.33, an amount of $5.53 will represent an
attribution of ordinary income. Taxpayers should consult their tax advisor to
determine how they are going to be affected by the final distribution.
    In addition, DIGIT announces that its net asset value per unit as at
August 31, 2007 amounted to $9.19. This amount reflects two months of accrual
of the final distribution.

    About the Trust

    DIGIT is an income trust providing investors with a levered exposures to
a portfolio of 99 corporate credits, the objectives of which are to provide
unitholders with a stream of quarterly distributions and to redeem all
outstanding units on October 9, 2007 at a price of approximately $8.99,
excluding the last regular distribution, assuming no credit event occurs in
the portfolio from this date to maturity.




For further information:

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

Organization Profile

DIVERSIFIED INVESTMENT GRADE INCOME TRUST, SERIES 1

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