Recovery rate with respect to CIT Group Inc.

MONTREAL , Nov. 23 /CNW Telbec/ - Global Diversified Investment Grade Income Trust ("Global DIGIT") (TSX: DG.UN) announces that further to its press release dated November 4, 2009 announcing the CIT Group Inc. default, the recovery rate with respect to this default was established at 68.125%.

Subsequent to this default and based on the recovery realized, the subordination levels (attachment points) and detachment points of the affected exposures of the portfolios D2, D3, E2, E3, F2 and F3, have been lowered by 0.31875%. As a result, the number of additional defaults Global DIGIT may sustain before being affected was reduced. Global DIGIT will not suffer a loss due to this default. The new subordination levels (attachment points) and detachment points, taking into account all prior defaults, are detailed in the table below:

    
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                                  As at November 20,         At Inception
                                         2009

                               Subordina-              Subordina-
                   Corporate        tion                    tion
                        Debt (Attachment  Detachment (Attachment  Detachment
    Portfolio       Exposure       Point)      Point       Point)      Point
    -------------------------------------------------------------------------
    D                      1        5.89%       7.34%       9.55%      11.00%
                           2        7.45%       9.45%      11.00%      13.00%
                           3        6.85%       8.85%      11.00%      13.00%
                           4        5.43%       7.13%       7.85%       9.55%
                           5        6.85%       8.30%       9.55%      11.00%
    -------------------------------------------------------------------------
    E                      1        7.34%       9.34%      11.00%      13.00%
                           2        6.00%       7.45%       9.55%      11.00%
                           3        3.70%       5.40%       7.85%       9.55%
                           4        7.13%       8.58%       9.55%      11.00%
                           5        8.30%      10.30%      11.00%      13.00%
    -------------------------------------------------------------------------
    F                      1        7.34%       9.34%      11.00%      13.00%
                           2        7.45%       9.45%      11.00%      13.00%
                           3        5.40%       6.85%       9.55%      11.00%
                           4        7.13%       8.58%       9.55%      11.00%
                           5        5.15%       6.85%       7.85%       9.55%
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About Global DIGIT

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

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