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

Global Credit Pref Corp.
Gatehouse Capital Inc.

Gatehouse Capital Inc.

March 25, 2008 10:01 ET

Global Credit Pref Corp. Declares Quarterly Distribution

TORONTO, ONTARIO--(Marketwire - March 25, 2008) - The Board of Directors of Global Credit Pref Corp. (the "Company") (TSX:GPA.PR.A) yesterday 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 April 30, 2008 to holders of record at the close of business on April 18, 2008.

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 127 reference entities.

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

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