Global Diversified Investment Grade Income Trust II declares a Monthly Distribution

    MONTREAL, April 17 /CNW Telbec/ - Global Diversified Investment Grade
Income Trust II ("Global DIGIT II") declares the following monthly cash
distribution consisting of a partial capital reimbursement:

                                                        Distri-  TSX Trading
                Distri-                                 bution     Price Per
                bution                                  Amount    Unit as of
    Trading     Amount          Record       Payable     Annua-     April 16,
    Symbol   (per unit)           Date          Date     lized          2009
    GII.UN     $0.0687  April 30, 2009  May 14, 2009   $0.8244         $0.73

    Since January 2009, Global DIGIT II declared distributions in an
aggregate amount of $2.03 per unit, composed of four monthly distributions of
$0.0687 per unit and special distributions totalling $1.755 per unit.

    About Global DIGIT II

    Global DIGIT II provides an economic interest in an equity tranche of
credit default swap agreements in respect of porv tfolios 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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