Diversified Investment Grade Income Trust, Series 1 - Net Asset Value as at July 31, 2007

    MONTREAL, Aug. 17 /CNW Telbec/ - Diversified Investment Grade Income
Trust, Series 1 ("DIGIT") (TSX: DGT.UN) announces that its net asset value per
unit as at July 31, 2007 amounted to $8.95.

    About the Trust

    DIGIT is an income trust providing investors with a levered exposure 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
assuming no credit event occurs in the portfolio from this date to maturity.

For further information:

For further information: François Rivard, (514) 879-6405;

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