Global Diversified Investment Grade Income Trust Special Measures for the 2013 Annual Redemption and Early Termination of the

Global Diversified Investment Grade Income Trust Special Measures for the 2013 
Annual Redemption and Early Termination of the Financial Contracts 
MONTREAL, Aug. 2, 2013 /CNW Telbec/ - Global Diversified Investment Grade 
Income Trust ("Global DIGIT" or the "Trust") announces today enhanced 
tendering procedures. These procedures have been established by its Trustee 
for this year's annual redemption of Global DIGIT Units to help Unitholders in 
deciding whether or not to participate in the 2013 redemption process. This 
press release summarizes both the special procedures which have been adopted 
this year for the benefit of Unitholders and the existing procedures for an 
annual redemption. The Trust also announces that further to Deutsche Bank A.G. 
Canada Branch ("Deutsche Bank") election to early terminate the Financial 
Contracts in September2014, it is anticipated that the liquidation process 
of the Trust will start shortly thereafter. 
 _____________________________________________________________________
|The highlights of the information contained in this press release are|
|as follows:                                                          |
|                                                                     |
|                                                                     |
|    --  Special measures have been established following an agreement|
|        with Deutsche Bank and National Bank of Canada ("National    |
|        Bank") to provide the Trust with indicative and firm bids for|
|        the unwind of the Financial Contracts and the Permitted      |
|        Investments in relation to the 2013 annual redemption and to |
|        maintain those firm bids until August 30, 2013.              |
|    --  The annual redemption date for 2013 is August 30. The payment|
|        date for the redeemed Units is September 16, 2013.           |
|    --  An indicative annual redemption price will be announced by   |
|        press release on August 26, 2013 at the close of markets.    |
|    --  The definitive annual redemption price will be announced by  |
|        press release on August 29, 2013 before the opening of the   |
|        markets.                                                     |
|    --  Unitholders will have until 4:00 p.m. EDT on August 30, 2013 |
|        to tender their Units or withdraw their Units tendered under |
|        the 2013 annual redemption process.                          |
|    --  Deutsche Bank has confirmed that it will terminate the       |
|        Financial Contracts on September 9, 2014, leaving            |
|        approximately 13 months to maturity and the expected         |
|        redemption price at such date should be approximately $9.50  |
|        per Unit, in the absence of any default in the portfolios up |
|        to September 9, 2014 leading to losses for the Trust. Shortly|
|________thereafter,_the_Trust_will_start_its_liquidation_process.____| 
Special Procedures Adopted for the 2013 Annual Redemption Privilege 
As further described below, key components in establishing the Unwind Price 
are the bids received by Deutsche Bank and National Bank to unwind the 
applicable portion of the credit default swap agreements between Deutsche Bank 
and the Trust (the "Financial Contracts") and of the debt securities given as 
collateral to secure the Trust's obligations under the Financial Contracts 
(the "Permitted Investments") in connection with the annual redemption. 
Determination of the Annual Redemption Price. For the 2013's annual 
redemption, the Trustee has obtained confirmation from each of Deutsche Bank 
and National Bank to provide to the Trust their respective indicative bid on 
August26, 2013 and their firm respective bid in support of the annual 
redemption privilege, on August29, 2013 and maintain such firm bids until 
the close of business on August30,2013. Ordinarily, the bids are 
established only following the completion of the tendering process on the last 
business day of August of each year (an "Annual Redemption Date") when all 
values are established by Deutsche Bank and National Bank. Because the bids 
for this year's annual redemption will be received without the benefit of all 
of this information and remained committed while market factors may change, it 
is understood that the bid prices may reflect the cost of the added market 
risk being borne by Deutsche Bank and National Bank. 
The Trustee intends to communicate the indicative annual redemption price for 
the 2013 annual redemption by press release on August26, 2013 at the close 
of markets and the final annual redemption price by press release on 
August29, 2013 before the opening of the markets. Such firm bids will be 
held until the close of business on August30, 2013. The press releases for 
each of the indicative annual redemption price and final annual redemption 
price bids will be posted on SEDAR at www.sedar.com and on the web site 
www.info.fbn.ca/trusts. 
Extended Tendering and Withdrawal Times. For the 2013 annual redemption 
privilege, the Trustee will enable Unitholders to tender their Units for 
redemption up to 4:00 p.m. EDT on August30, 2013 (the "Tendering/Withdrawal 
Deadline"). In addition, the Trustee will permit Unitholders who have 
previously tendered their Units for redemption to withdraw their Units up to 
the Tendering/Withdrawal Deadline. 
Existing Annual Redemption Procedure 
Under the existing annual redemption process, Unitholders must irrevocably 
surrender Units for redemption without prior knowledge of the price at which 
they will be redeemed. More specifically, Units of the Trust must be 
surrendered for an annual redemption by Unitholders at any time prior to 4:00 
p.m. on the 20(th)business day immediately preceding the Annual Redemption 
Date, while the redemption price is only established as of the Annual 
Redemption Date. 
For 2013, the Annual Redemption Date is August30, 2013. Apart from the 
special procedures, the final date to tender Units for redemption would have 
been August2, 2013. 
Annual Redemption Price 
The redemption price per Unit tendered is equal to the annual redemption 
price, being a price equal to the Unwind Price per Unit as of the Annual 
Redemption Date. 
The Unwind Price is equal to the sum of (i)the bid price received by the 
Trust from Deutsche Bank to terminate the applicable portion of the Financial 
Contracts and (ii)the market value of such portion of the Permitted 
Investments as determined by National Bank, less the unwind costs. The unwind 
costs are equal to the sum of all applicable costs and expenses of Deutsche 
Bank including applicable hedge termination costs incurred to unwind a portion 
of the Financial Contracts (including hedge termination costs), any 
unamortized issuance costs and the pro rata share amongst the Unitholders who 
have surrendered their Units for redemption of any current or future operating 
costs of the Trust which would dilute the value of the remaining Units as a 
result of the redemption of Units, up to the liquidation of the Trust 
(calculated on a present value basis). 
Any unpaid monthly distribution which might be payable to holders of Units of 
record on a record date which falls on or before an Annual Redemption Date, on 
which Units are redeemed (or would be redeemed but for the Trust's election to 
recirculate such Units) will be paid on the Units tendered for redemption. 
Tender/Withdrawal Procedure 
The tender/withdrawal procedure remains unchanged. 
A Unitholder who wishes to tender Units for redemption must cause a broker, 
dealer, bank or other financial institution participating (a "CDS 
Participant") in the book-entry system maintained by CDS Clearing and 
Depository Services Inc. ("CDS") to deliver to CDS (at its office in the City 
of Montreal, Québec or Toronto, Ontario) on behalf of the Unitholder a 
written redemption notice no later than the Tendering/Withdrawal Deadline. A 
Unitholder who wishes to have Units redeemed should ensure that the CDS 
Participant is provided with instructions sufficiently in advance of the 
Tendering/Withdrawal Deadline to permit the CDS Participant to deliver a 
notice to CDS by the Tendering/Withdrawal Deadline. Similarly, a Unitholder 
who has tendered Units for redemption but wishes to withdraw such tendered 
Units should ensure that a CDS Participant is notified of the Unitholder's 
intention sufficiently before the Tendering/Withdrawal Deadline in order for 
that CDS Participant to notify CDS before the Tendering/Withdrawal Deadline. 
Any Unitholder who does not cause a CDS Participant to tender it's Units 
before the Tendering/Withdrawal Deadline will not be able to have such Units 
redeemed as part of the 2013 annual redemption process, and any Unitholder who 
has submitted Units for redemption in connection with the 2013 annual 
redemption process but elects to withdraw them subsequently must take the 
necessary steps prior to the Tendering/Withdrawal Deadline or such Units will 
be redeemed at the annual redemption price. 
To initiate the tender or withdrawal procedure, Unitholders should contact 
their investment advisor. 
The time period between the announcement of the annual redemption price for 
the 2013 annual redemption and the deadline to tender Units, or, as the case 
may be, withdraw Units previously tendered for redemption, is very short. As a 
result, Unitholders are encouraged to consult with their investment advisor in 
advance of the announcement of the 2013 indicative annual redemption price and 
to consider the press releases announcing the indicative annual redemption 
price and the definitive 2013 annual redemption price. 
No recommendation 
The boards of directors of the Trustee makes no recommendation regarding 
whether any Unitholder should continue to hold their Units, sell their Units 
in the market, or tender their Units for redemption under the annual 
redemption. These are determinations that Unitholders should make in 
consultation with their own financial and tax advisors. 
Early Termination of the Financial Contracts 
The Financial Contracts had a scheduled termination date of September9, 2014 
but Deutsche Bank had an option to extend such contracts on a quarterly basis 
for a period up to September9, 2016. As earlier disclosed, Deutsche Bank 
confirmed that it will not exercise its privilege to extend the Financial 
Contracts. In the absence of any default in the portfolios leading to losses 
for the Trust up to September9, 2014, it is expected that the redemption 
price of the Units at the maturity should be approximately $ 9.50 per Unit. 
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. 
Louis Arteau : (514) 394-7563  http://info.fbn.ca/trusts 
SOURCE: Global Diversified Investment Grade Income Trust 
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CO: Global Diversified Investment Grade Income Trust
ST: Quebec
NI: FIN TNM MNA TRD ORDER  
-0- Aug/02/2013 20:32 GMT
 
 
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