Global Diversified Investment Grade Income Trust II - Monthly Distribution as at August 31, 2009

    MONTREAL, Sept. 8 /CNW Telbec/ - Global Diversified Investment Grade
Income Trust II ("Global DIGIT II") declares the following monthly
distribution consisting of a partial capital reimbursement:

             Distri-                  Distri-               TSX Closing
             bution                   bution                Price Per Unit
    Trading  Amount       Record      Payable   Amount      as of
    Symbol   (per unit)   Date        Date      Annualized  September 4, 2009
    GII.UN   $0.0687      September   October   $0.8244     $2.04
                          30, 2009    15, 2009

    One of the objectives of Global DIGIT II is to provide unitholders with a
monthly distribution which, starting March 2010, will be a varying amount
equal to the five-year Government of Canada bond yield plus 4.0% to 4.5%,
reset every month. Taking into account the current bond rate, the monthly
distribution would be approximately $0.055 to $0.059.

    About Global DIGIT II

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

For further information:

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

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Global Diversified Investment Grade Income Trust II

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