GII.UN - <span class="simulate_din_font">Global Diversified Investment Grade Income Trust II Monthly Distribution and Net Asset Value as at February 15, 2012</span> (CAD 0.054)

Company: Global Div Inv Gr. Income Tr. Ii
Stock Name: GII.UN
Amount: CAD 0.054
Announcement Date: 17/02/2012
Record Date: 12/03/2012

Dividend Detail:

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MONTREAL, Feb. 17, 2012 /CNW Telbec/ - Global Diversified Investment
Grade Income TrustII ("Global DIGITII") declares the following
monthly distribution consisting of a partial capital reimbursement:

Trading Symbol	Distribution Amount (per unit)	Record Date	Payable Date	Total Distributions declared or paid in 2012 (all capital reimbursements)	TSX Closing Price per unit on February17,2012
GII.UN	$0.018	February29,2012	March14,2012	$0.054	$0.68

In accordance with the press release issued on December12,2011
relating to the settlement of the credit events notified in
November2009 to Global DIGIT II and the final recovery level of zero
for the related reference obligations, distributions will be
approximately equal to the five-year government of Canada bond yield,
as at March 2010, less a spread of 0.4% to 1%, or $0.015 to $0.02 per
unit. Taking into account the total loss of the credit default swaps A
and B as disclosed in the December12,2011 press release, only credit
default swap C remains in the assets of Global DIGITII.

Global DIGITII also announces that the net asset value ("NAV") per unit
as of February15,2012 was estimated to be $0.51.

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

About Global DIGITII

Global DIGITII 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.

For further information:

Franois Rivard: 514-879-6405
http://info.fbn.ca/trusts