Global Diversified Investment Grade Income Trust - 2012 Annual Redemption Price

MONTREAL, Aug. 30, 2012 /CNW Telbec/ - Global Diversified Investment Grade Income Trust ("Global DIGIT" or the "Trust") (TSX: DG.UN) announces today that the redemption price for this year's annual redemption will be $6.40 per unit.

The annual redemption date for 2012 is August 31, 2012, and pursuant to the special measures announced on August 3, 2012 in respect of this year's annual redemption, Unitholders will have until 4:00 p.m. EDT on August 31, 2012 (the "Deadline") to tender Units or withdraw Units tendered under the 2012 annual redemption process. The payment date for Units redeemed will be September 17, 2012.

Redemption/Withdrawal procedure

A Unitholder who wishes to tender Units for redemption must cause a broker, dealer, bank or other financial institution participating (a "CDS Participant") in the book-entry system maintained by CDS Clearing and Depository Services Inc. ("CDS") to deliver to CDS (at its office in the City of Montreal, Québec or Toronto, Ontario) on behalf of the Unitholder a written redemption notice no later than the Deadline. A Unitholder who desires to have Units redeemed should ensure that the CDS Participant is provided with instructions sufficiently in advance of the Deadline to permit the CDS Participant to deliver a notice to CDS by the Deadline. Similarly, a Unitholder who has tendered Units for redemption but wishes to withdraw such tendered Units should ensure that a CDS Participant is notified of the Unitholder's intention sufficiently before the Deadline in order for that CDS Participant to notify CDS before the Deadline. Any Unitholder who does not cause a CDS Participant to tender Units before the Deadline will not be able to have such Units redeemed as part of the 2012 annual redemption process, and any Unitholder who has submitted Units for redemption in connection with the 2012 annual redemption process but elects to withdraw them subsequently must take the necessary steps prior to the Deadline to have them withdrawn or such Units will be redeemed at the annual redemption price.

To initiate the tender or withdrawal procedure, Unitholders should contact their investment advisor.

No recommendation

The board of directors of the Trustee makes no recommendation regarding whether Unitholders should continue to hold their Units, sell their Units in the market, or tender their Units for redemption under the annual redemption. These are determinations that Unitholders should make in consultation with their own financial and tax advisors.

About Global DIGIT

Global DIGIT provides an economic interest in a mezzanine tranche of credit default swap agreements in respect of portfolios of synthetic corporate exposures, mortgage-backed securities, asset-backed securities and structured finance securities.

SOURCE: GLOBAL DIVERSIFIED INVESTMENT GRADE INCOME TRUST

For further information:

François Rivard : [phone]
http://info.fbn.ca/trusts