Global Diversified Investment Grade Income Trust II - Monthly Distribution and Net Asset Value as at October 15, 2014

MONTREAL, Oct. 17, 2014 /CNW Telbec/ - Global Diversified Investment Grade Income Trust II ("Global DIGIT II") declares the following monthly distribution:

Trading Symbol	Distribution Amount (per unit)	Record Date	Payment Date	Distributions Declared or Paid in 2014 (all capital reimbursements)	TSX Closing Price per Unit on October 17, 2014
GII.UN	$0.018	October 31, 2014	November 17, 2014	$0.198	$1.33

Global DIGIT II also announces an estimated net asset value ("NAV") per unit as at October 15, 2014 of $0.32.

The NAV is equal to the aggregate value of the assets less the aggregate value of the liabilities. Substantially all of the assets of Global DIGIT II consist of cash and one credit default swap entered into with Deutsche Bank A.G. (Canada Branch) and the related collateral.

For more information on the financial situation of Global DIGIT II, reference is made more particularly to Note 2 to the 2013 audited Financial Statements, to Section 1 - Investment Objectives and Strategies - of the 2013 Management Report of Fund Performance and to the Management Report of Fund Performance as at June 30, 2014. These documents are posted on the SEDAR website (www.sedar.com).

About Global DIGIT II

Global DIGIT II provides an economic interest in an equity tranche of a credit default swap agreement in respect of portfolios of residential mortgage-backed securities, commercial asset-backed and mortgage-backed securities, consumer asset-backed securities, structured exposures to mortgage-backed and asset-backed and corporate securities.

SOURCE: GLOBAL DIVERSIFIED INVESTMENT GRADE INCOME TRUST II

Louis Arteau : 514-394-7563, http://info.fbn.ca/trusts