Monthly Distribution and Net Asset Value as at July 15, 2010

MONTREAL, July 20 /CNW Telbec/ - Global Diversified Investment Grade Income Trust ("Global DIGIT") declares the following monthly distribution consisting of a partial capital reimbursement:

    
    -------------------------------------------------------------------------
                                                        Total    TSX Closing
                Distri-                         Distributions      Price Per
                bution                                in 2010     Unit as of
    Trading     Amount      Record     Payable   (all capital        July 20,
    Symbol   (per unit)       Date        Date  distributions)          2010
    -------------------------------------------------------------------------
    DG.UN       $0.022     July 30,  August 16,        $0.144          $3.94
                              2010        2010
    -------------------------------------------------------------------------
    

As indicated in previous press releases, the objectives of Global DIGIT is to provide unitholders with monthly distributions which are now a varying amount based on the applicable one-month bankers' acceptance rate plus 2.00%. The current bankers' acceptance rate is approximately 0.877%.

Global DIGIT announces that the net asset value ("NAV") per unit as of July 15, 2010 was estimated to be $3.63.

The NAV on a particular date is equal to the aggregate value of the assets of Global DIGIT, less the aggregate value of its liabilities. Substantially all of the assets of Global DIGIT consist of cash and three credit default swaps entered into with Deutsche Bank A.G. (Canada Branch) and the related collateral.

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.

SOURCE Global Diversified Investment Grade Income Trust

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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