MONTREAL, Aug. 27 /CNW Telbec/ - Diversified Investment Grade Income
Trust, Series 1 ("DIGIT") (TSX:DGT.UN) announces that, in absence of a credit
event occurring between August 20, 2007 and September 24, 2007 and based on
certain revenue and expenses assumptions, the Trustee estimates that 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, a clerical error was made in the press release issued on
August 17, 2007 as to the NAV as at July 31, 2007 which indicated a NAV of
$8.95. The corrected NAV as at such date is $9.06.
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,