UBS Global Allocation Trust announces first quarter distribution



    TORONTO, March 19 /CNW/ - UBS Global Allocation Trust (TSX: GAT.UN), an
investment trust trading on The Toronto Stock Exchange, today announced that
it will make a quarterly distribution of CDN$0.125 per unit, payable on March
31, 2008, to all unitholders of record as of March 31, 2008.
    It is in accordance with the annual 5% stated distribution as indicated
in the prospectus dated February 26, 2004. The investment strategies of UBS
Global Allocation Trust are: (i) active global asset allocation across seven
asset classes of global stocks and bonds; (ii) active security selection,
based on a price/intrinsic value methodology; and (iii) an active global
currency overlay.
    UBS Global Asset Management is one of the world's leading asset managers,
providing traditional, alternative and real estate investment management
solutions to private clients, financial intermediaries and institutional
investors worldwide. Invested assets totalled some CAD 781 billion at 31
December 2007, making the firm one of the largest global institutional asset
managers.

    With over 3,600 employees, located in 25 countries, UBS Global Asset
Management is a truly global firm. The main offices are in Basel, Chicago,
Frankfurt, Grand Cayman, Hartford, Hong Kong, London, Luxembourg, New York,
Rio de Janeiro, Sydney, Tokyo, Toronto and Zurich.

    Would you like to receive this information electronically?
    Please contact UBS Total Return Trust at tiffany.clay@ubs.com




For further information:

For further information: UBS Global Asset Management (Canada) Co.
Unitholder Relations, 1-866-827-9300,
http://www.ubs.com/1/e/globalam/canada/retail/gat/press.html; For all media
inquiries, please contact Graeme Harris at (416) 345-7050

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UBS Global Allocation Trust

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