Global Diversified Investment Grade Income Trust standstill Agreement with MMAI-I Trust extended

    MONTREAL, Dec. 18 /CNW Telbec/ - Further to the December 14 press release
of the Pan-Canadian Investors Committee for Third Party Structured Asset
Backed Commercial Paper (a copy of which is reproduced below for reference
purposes) announcing, in connection with a proposed framework to restructure
third party ABCP, an extension until January 31, 2008 of the standstill
arrangements which were the foundation of the Montreal Accord, Global
Diversified Investment Grade Income Trust ("Global DIGIT") (TSX: DG.UN)
announces that the standstill agreement entered into with MMAI-I Trust
("MMAI") on September 22, 2007 has also been extended. The standstill
agreement with MMAI will now terminate on January 31, 2008, but may be
extended by mutual consent or terminated earlier in limited circumstances or
by either party upon 15 days prior notice.
    Consequently, the previously announced suspension of distributions and
redemptions will continue until conditions otherwise allow for their
resumption, which is the objective of the Trustees.

    About Global DIGIT

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

    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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