The Investment Grade Trust (the "Fund") is an investment trust established under the laws of the Province of Ontario on
One of the derivatives contracts held by Bond Trust is a Swap Contract with UBS AG that provides a currency hedge, smoothes out the cash flow of the portfolio of debt securities and provides additional yield through exposure to additional debt securities. CIT Group Inc. is one of the debt issuers referenced in the Swap Contract and the occurrence of a credit event with respect to CIT Group Inc. results in a decrease of 0.495% in the yield of the Swap Contract. This reduction in yield will result in an approximately
The Fund will use its best efforts to delay the implementation of the reduction in the distributions paid by the Fund to Unitholders and, barring any other credit events, the Fund expects the distribution for the six month period ending
The units are listed for trading on the
%SEDAR: 00018717E
For further information: Crown Hill Capital, (416) 361-1212
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