Regular Monthly Distribution, Special Distribution and Net Asset Value as at March 15, 2014

MONTREAL, March 19, 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:

Trading
Symbol

Distribution
Amount
(per unit)

Record Date

Payment Date

Distributions
Declared or
Paid in 2014
(all capital
distributions)

TSX Closing Price Per
Unit on
March 19, 2014

DG.UN

$0.107

March 31, 2014

April 14, 2014

$0.2680

$9.00

 

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 March 15, 2014 of $9.33.

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 Trust

For further information: Louis Arteau, 514-394-7563, http://info.fbn.ca/trusts