Global Diversified Investment Grade Income Trust - Suspension of the August 31st 2007 Annual and Quarterly Redemptions

    MONTREAL, Aug. 28 /CNW Telbec/ - Global Diversified Investment Grade
Income Trust (TSX: DG.UN) ("Global DIGIT") announces that, considering the
liquidity problems of MMAI-I Trust ("MMAI") due to its inability to roll its
maturing commercial paper in the present state of the Canadian asset-backed
commercial paper market, it will not have sufficient financial resources to
allow for the payment of the redemption price for the redemption of Units and
consequently must announce the suspension, until further notice, of the
August 31st, 2007 annual and quarterly redemptions of Units. Units that have
already been surrendered for redemption may therefore be released.
    The Co-Trustees are closely monitoring the situation to protect the
interests of the unitholders of Global DIGIT and will review their decision
when further developments permit the resumption of redemptions of, or
distributions on, the Units.
    MMAI is the counterparty to swaps entered into by Global DIGIT which,
together with financial assets related to such swaps, form most of the assets
of Global DIGIT.

    About Global DIGIT

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

    About MMAI

    MMAI is a special purpose vehicle rated R-1(high) (short-term) and AAA
(long-term) by DBRS that funds the purchase of eligible assets by issuing
asset-backed commercial paper, extendible commercial paper and floating rate

For further information:

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

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Global Diversified Investment Grade Income Trust

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