Diversified Investment Grade Income Trust, Series 1 Redemption of the Units and Payment of the Net Asset Value

    MONTREAL, Oct. 11 /CNW Telbec/ - Diversified Investment Grade Income
Trust, Series 1 ("DIGIT") (TSX:DGT.UN) announces that it has redeemed all of
its outstanding units at a price of $8.93 per unit, being the estimated net
asset value as at October 9, 2007, plus, if applicable, an adjustment to be
announced. The payment of $8.93 will be made on or before October 23, 2007.
    An amount of $0.21 per unit has been set aside by the Trustee to cover
all expenses to be incurred by the Trust up to its dissolution. Once these
expenses have been paid, any remaining amount will be distributed by the Trust
as an adjustment to the redemption price. It is anticipated that such payment,
if applicable, will be made on or before December 31, 2007.
    The Trustee estimates that, from the payment of $8.93, an amount of $6.03
will represent a distribution of income. Taxpayers should consult their tax
advisor to determine how they are going to be affected by the final

For further information:

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

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