Monthly Distribution and Net Asset Value as at May 15, 2010

MONTREAL, May 19 /CNW Telbec/ - Global Diversified Investment Grade Income Trust ("Global DIGIT") declares the following monthly distribution consisting of a partial capital reimbursement:

    
    -------------------------------------------------------------------------
                                                           Total
                                                          Distri-        TSX
               Distri-                                   butions     Closing
               bution                                    in 2010   Price Per
               Amount                                  (all capi-    Unit as
    Trading      (per                                 tal distri-     May 19,
    Symbol       unit)   Record Date    Payable Date     butions)       2010
    -------------------------------------------------------------------------
    DG.UN      $0.020   May 31, 2010   June 14, 2010      $0.100       $3.75
    -------------------------------------------------------------------------
    

As indicated in previous press releases, the objectives of Global DIGIT is to provide unitholders with monthly distributions which are now a varying amount based on the applicable one-month bankers' acceptance rate plus 2.00%. The current bankers' acceptance rate is approximately 0.51%.

Global DIGIT announces that the net asset value ("NAV") per unit as of May 15, 2010 was estimated to be $4.49.

The NAV on a particular date is equal to the aggregate value of the assets of Global DIGIT, less the aggregate value of its liabilities. Substantially all of the assets of Global DIGIT consist of cash and three credit default swaps entered into with Deutsche Bank A.G. (Canada Branch) and the related collateral.

About Global DIGIT

Global DIGIT provides an economic interest in a mezzanine tranche of credit default swap agreements in respect of portfolios of synthetic corporate exposures, mortgage-backed securities, asset-backed securities and structured finance securities.

For further information: François Rivard, [phone], http://info.fbn.ca/trusts