Investment Grade Trust Special Unitholder Meeting

    TORONTO, Oct. 22 /CNW/ - Investment Grade Trust (TSX: BND.UN) announces
that it has called a special meeting of its Unitholders for the purpose of
considering and, if deemed advisable, approving the exchange of units of
Investment Grade Trust on a basis of one Investment Grade Class share of a
newly formed corporation for each unit of Investment Grade Trust held. This
action is taken in order to address issues arising from rising administrative
costs and to increase flexibility in equitably addressing the tax consequences
of unanticipated events.
    The special meeting will be held on November 14, 2007 at 10:30a.m.
(Toronto time) at the offices of McMillan Binch Mendelsohn LLP located at
Brookfield Place, Bay Wellington Tower, 181 Bay Street, Suite 4400, Toronto,
    Unitholders of record at the close of business on October 9, 2007 will be
entitled to receive notice of and vote at the special meeting.

    %SEDAR: 00018717E

For further information:

For further information: the Trustee and Manager Crown Hill Investment
Corporation at (416) 361-1212 or visit the website

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Investment Grade Trust

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