Global Credit Pref Corp.
TSX : GPA.PR.A

Global Credit Pref Corp.
Gatehouse Capital Inc.

Gatehouse Capital Inc.

October 08, 2009 13:44 ET

Global Credit Pref Corp. Declares Quarterly Distribution

TORONTO, ONTARIO--(Marketwire - Oct. 8, 2009) - The Board of Directors of Global Credit Pref Corp. (the "Company") (TSX:GPA.PR.A) declared a cash distribution yesterday of $0.3281 per Preferred Share consisting of a return of capital on such Preferred Shares equal to $0.3281 per share payable on October 30, 2009 to holders of record at the close of business on October 21, 2009.

Global Credit Pref Corp. is a mutual fund corporation that issued 10-year redeemable, retractable cumulative Preferred Shares. The Company used the proceeds to gain exposure, by way of an equity forward sale agreement, to a structured credit linked note that now offers exposure to the credit performance of 121 reference entities.

The Preferred Shares are listed for trading on the Toronto Stock Exchange under the symbol GPA.PR.A and are currently rated P-5(Low)/Watch Neg.

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