Monthly Distribution and Net Asset Value as at November 15, 2014

MONTREAL, Nov. 19, 2014 /CNW Telbec/ - Global Diversified Investment Grade Income Trust II (the "Trust") 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 on November 19, 2014
GII.UN	$0.018	November 28, 2014	December 12, 2014	$0.216	$ 1.37

The Trust also announces an estimated net asset value ("NAV") per unit as at November 15, 2014 of $0.31.

The NAV is equal to the aggregate value of the assets less the aggregate value of the liabilities. The assets of the Trust consist mainly of cash and to a lesser degree of a credit default swap entered into with Deutsche Bank A.G. and the related collateral.

For more information on the financial situation of the Trust, 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 the Trust

The Trust 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