Regular Monthly Distribution, Special Distribution and Net Asset Value as at January 15, 2014
MONTREAL, Jan. 17, 2014 /CNW Telbec/ - Global Diversified Investment Grade Income Trust ("Global DIGIT") declares the following monthly distributions composed of a regular distribution of $0.027 per unit and a special distribution of $0.08 per unit:
Paid in 2014
TSX Closing Price Per
January 17, 2014
|DG.UN||$0.107||January 31, 2014||February 14, 2014||$0.134||$8.60|
The special distribution of $0.08 per unit represents a portion of the excess cash of Global DIGIT which is not deemed necessary for the continuation of the current operations.
One objective of Global DIGIT is to provide unitholders with varying monthly distributions based on the applicable one-month bankers' acceptance rate plus 2.00%. The current bankers' acceptance rate is approximately 1.22%.
Global DIGIT announces an estimated net asset value ("NAV") per unit as at January 15, 2014 of $9.32.
The NAV is equal to the aggregate value of the assets less the aggregate value of the liabilities. Substantially all of the assets of Global DIGIT consist of cash and three credit default swaps entered into with Deutsche Bank A.G. (Canada Branch) and the related collateral.
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