Global Diversified Investment Grade Income Trust and MMAI-I Trust - General market disruption and unability to place new asset-backed commercial paper

    MONTREAL, Aug. 14 /CNW Telbec/ - The trustees for Global Diversified
Investment Grade Income Trust ("Global DIGIT") and MMAI-I Trust ("MMAI")
(collectively, the "Trusts"), have been informed by National Bank Financial
("NBF"), acting as Financial Services Agent of MMAI, that MMAI has been unable
to roll its maturing asset-backed commercial paper and/or extendible notes
("ABCP"), to fund the repayment of previously issued ABCP maturing Monday
August 13, 2007.
    As a result, MMAI has extended the term of extendible ABCP. MMAI has a
short term liquidity arrangement whereby Deutsche Bank has agreed that, in
market disruption circumstances, it will purchase senior debt or collateral
from MMAI if MMAI is unable to sell ABCP to third parties. The proceeds from
such transactions would be used to repay MMAI's then maturing debt. MMAI gave
notice to request Deutsche Bank to provide liquidity to repay the maturing
notes under the liquidity arrangement.
    After the close of markets on August 13, 2007, Deutsche Bank notified
MMAI that it declined to provide the requested liquidity.
    Unitholders of Global DIGIT are exposed to any losses incurred by MMAI or
its creditors, as well as to MMAI's ability to renew or replace on a
continuous basis maturing short term debt. The trustees are closely monitoring
the situation to protect the interests of stakeholders in the Trusts.

    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: Benoît Deschamps: (514) 824-1222,

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Global Diversified Investment Grade Income Trust

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