Global Preferred Securities Trust Monthly Distribution

    TSX Symbol: GPT.UN

    TORONTO, June 22 /CNW/ - Global Preferred Securities Trust announces a
distribution for the period ending June 29, 2007 of $0.04375 per unit. The
distribution is payable on July 3, 2007 to unitholders of record on June 29,
2007. On June 21, 2007, Unitholders of Global Preferred Securities Trust
approved the proposed merger of the fund with Fairway Diversified Income and
Growth Trust. Subject to any necessary regulatory approvals, including consent
of the Toronto Stock Exchange, Unitholders of Global Preferred Securities
Trust will be issued units of Fairway Diversified Income and Growth Trust
based on the closing net asset values of the respective funds on June 29,
2007. Should the appropriate consent be given, this current distribution will
be the final one issued by Global Preferred Securities Trust.

For further information:

For further information: Fairway Advisors Inc., 1-866-299-7929

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