Global Diversified Investment Grade Income Trust 2013 Annual Redemption Price
MONTREAL, Aug. 29, 2013 /CNW Telbec/ - Global Diversified Investment Grade Income Trust ("Global DIGIT") announces a redemption price of $8.88 per Unit for the 2013 annual redemption privilege.
The annual redemption date is August 30, 2013 and pursuant to the special measures announced on August 2 in respect of the annual redemption, Unitholders will have until 4:00 p.m. EDT on August 30 (the "Deadline") to tender or withdraw their Units tendered. The payment date for Units redeemed will be September 16, 2013.
A Unitholder who wishes to tender Units for redemption must cause a broker, dealer, bank or other financial institution participating (a "CDS Participant") in the book-entry system maintained by CDS Clearing and Depository Services Inc. ("CDS") to deliver to CDS (at its office in the City of Montreal, Québec or Toronto, Ontario) on behalf of the Unitholder a written redemption notice no later than the Deadline. A Unitholder who desires to have Units redeemed should ensure that the CDS Participant is provided with instructions sufficiently in advance of the Deadline to permit the CDS Participant to deliver a notice to CDS by the Deadline. Similarly, a Unitholder who has tendered Units for redemption but wishes to withdraw such tendered Units should ensure that a CDS Participant is notified of the Unitholder's intention sufficiently before the Deadline in order for that CDS Participant to notify CDS before the Deadline. Any Unitholder who does not cause a CDS Participant to tender Units before the Deadline will not be able to have such Units redeemed as part of the 2013 annual redemption process, and any Unitholder who has submitted Units for redemption in connection with the annual redemption process but elects to withdraw them subsequently must take the necessary steps prior to the Deadline to have them withdrawn or such Units will be redeemed at the annual redemption price.
To initiate the tender or withdrawal procedure, Unitholders should contact their investment advisor.
The board of directors of the Trustee of Global DIGIT makes no recommendation regarding whether Unitholders should continue to hold, sell on the market, or tender their Units for redemption under the annual redemption privilege. These are determinations that Unitholders should make in consultation with their financial and tax advisors.
About Global DIGIT
Global DIGIT provides an economic interest in a mezzanine tranche of credit default swap agreements in respect of portfolios of synthetic corporate exposures, mortgage-backed securities, asset-backed securities and structured finance securities.
SOURCE Global Diversified Investment Grade Income TrustFor further information:
Louis Arteau : (514) 394-7563