Investment Grade Trust Announces Distribution For Period ending June 30, 2008

    TORONTO, June 17 /CNW/ - Investment Grade Trust (TSX: BND.UN) today
announces a distribution for the period from January 1, 2008 to June 30, 2008
of $0.25 per unit of Investment Grade Trust ("Unit") payable on July 11, 2008
to holders of Units ("Holders") of record as at June 30, 2008.
    Investment Grade Trust's objectives are: i) to provide Holders with a
stable stream of tax efficient semi-annual distributions consisting primarily
of capital gains and return of capital of approximately $0.25 per Unit
($0.50 per annum to yield 5.00% on the subscription price of $10.00 per Unit);
and ii) to return an amount per Unit equal to the original subscription price
of $10.00 per Unit to Holders on or about December 31, 2012.
    Investment Grade Trust is listed on The Toronto Stock Exchange under the
symbol BND.UN.
    To provide additional liquidity, Trust Units are also redeemable at the
end of each calendar year for an amount equal to the net asset value per Unit.

    %SEDAR: 00018717E

For further information:

For further information: Crown Hill Capital Corporation, (416) 361-1212

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Investment Grade Trust

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