Global Diversified Investment Grade Income Trust - Expected volatility of the net asset value



    MONTREAL, Sept. 19 /CNW Telbec/ - As provided in the prospectus of Global
Diversified Investment Grade Income Trust (the "Trust") (TSX symbol: DG.UN), a
net asset value ("NAV") is published monthly for the units of the Trust. In
order to calculate the NAV of the Trust, the trustee, Global Digit Management
Inc. (the "Trustee") receives from Winchester Capital, a division of Deutsche
Bank A.G. (the "Bank") an indicative price on the value of the financial
contracts. The published NAV for the units of the Trust was $5.70 as of
August 31, 2008, factoring in the prior indicative price received.
    Based on the latest indicative price received from the Bank, the
estimated NAV as at September 30, 2008 would be approximately $3.36
representing a reduction of about 41% from the NAV as at August 31, 2008, in
the absence of material variations in the value of the other components of the
NAV since August 31, 2008.
    The Trustee understands that the decline in the quoted indicative price
is primarily attributable to recent volatility observed in the financial
markets, which in turn has triggered significant volatility in the pricing of
the financial contracts. It is not possible to predict when these market
factors will stabilize and it is reasonable to expect further volatility in
future months which would result in either higher or lower NAVs per unit.

    About Global DIGIT

    Global DIGIT provides an economic interest in a mezzanine tranche of
credit default swap agreements in respect of portfolios of mortgage-backed
securities, asset-backed securities, structured finance securities and
synthetic corporate exposures.

    Forward-looking statements

    This press release contains forward-looking statements regarding
assessment of market conditions. By their very nature, these statements
involve uncertainties and inherent risks, both general and specific, which
give rise to the possibility that predictions will not materialize. We
therefore caution investors against placing undue reliance on these
statements. The Trust has no obligation to update forward-looking statements
and does not undertake to do so. Any information about industry or general
economic conditions contained in this press release is derived from third
party sources that the Trustee believes to be accurate and widely accepted.
However the Trustee has not independently verified this information and cannot
assure its accuracy.




For further information:

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

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Global Diversified Investment Grade Income Trust

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