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Global Banks Premium Income Trust

BURLINGTON, ONTARIO -- (Marketwire) -- 08/22/12 -- Global Banks Premium Income Trust (TSX: GBP.UN) announced today that the following previously announced proposals were approved by unitholders at a special meeting held on August 22, 2012:

--  to extend the termination date of March 31, 2015 for an indefinite
    period; and

--  to change the investment objectives of the Trust.

Portland Investment Counsel Inc.
Christopher Wain-Lowe

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