Gatehouse Capital Inc.

Gatehouse Capital Inc.
Global Credit Pref Corp.
TSX : GPA.PR.A

Global Credit Pref Corp.

December 05, 2006 12:38 ET

Global Credit Pref Corp. Declares Quarterly Distribution

TORONTO, ONTARIO--(CCNMatthews - Dec. 5, 2006) - The Board of Directors of Global Credit Pref Corp. (the "Company")(TSX:GPA.PR.A) has today declared a cash distribution of $0.3281 per Preferred Share consisting of a return of capital on such Preferred Shares equal to $0.3281 per share payable on January 31, 2007 to holders of record at the close of business on January 19, 2007.

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 an equally weighted portfolio of 128 companies.

The Preferred Shares are listed for trading on the Toronto Stock Exchange under the symbol GPA.PR.A.

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