Global Diversified Investment Grade Income Trust II Monthly Distribution and Net Asset Value as at May 15, 2014
MONTREAL, May 21, 2014 /CNW Telbec/ - Global Diversified Investment Grade Income Trust II ("Global DIGIT II") declares the following monthly distribution:
|Record Date||Payment Date||
Declared or Paid
TSX Closing Price
per Unit on
May 21, 2014
|GII.UN||$0.018||May 30, 2014||June 13, 2014||$0.108||$1.40|
Global DIGIT II also announces an estimated net asset value ("NAV") per unit as at May 15, 2014 of $0.33.
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 II consist of cash and one credit default swap entered into with Deutsche Bank A.G. (Canada Branch) and the related collateral.
The financial situation of Global DIGIT II is described more particularly in Note 2 to the 2013 audited Financial Statements and discussed in Section 1 - Investment Objectives and Strategies - of the 2013 Management Report of Fund Performance, both posted on SEDAR (www.sedar.com) on March 26, 2014. Reference is made to these documents for additional information on Global DIGIT II.
About Global DIGIT II
Global DIGIT II provides an economic interest in an equity tranche of a credit default swap agreement in respect of portfolios of residential mortgage-backed securities, commercial asset-backed and mortgage-backed securities, consumer asset-backed securities, structured exposures to mortgage-backed and asset-backed and corporate securities.
SOURCE GLOBAL DIVERSIFIED INVESTMENT GRADE INCOME TRUST IIFor further information:
Louis Arteau : 514-394-7563