Diversified Investment Grade Income Trust, Series 1 - Quarterly Distribution

    MONTREAL, June 18 /CNW Telbec/ - Diversified Investment Grade Income
Trust, Series 1 ("DIGIT") (TSX: DGT.UN) declares a quarterly distribution
(consisting of a partial capital reimbursement on the units) of $0.34 per
unit. The distribution will be payable on July 10, 2007 to the holders of
record at the close of business on June 29, 2007.

    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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