MONTREAL, Nov. 5, 2013 /CNW Telbec/ - Global Diversified Investment
Grade Income Trust ("Global DIGIT") announces that the net asset value
("NAV") per unit as at October 31, 2013 was estimated to be $9.24. The
difference between the NAV of $9.24 as at October 31, 2013 and the
unwind price of $8.88 on August 31, 2013 is due essentially to the
unwind costs of the credit default swaps which were assumed by the
holders who have tendered their units for redemption over the years.
The NAV on a particular date is equal to the aggregate value of the
assets of Global DIGIT, less the aggregate value of its liabilities.
Substantially all of the assets of Global DIGIT consist of cash and
three credit default swaps entered into with Deutsche Bank A.G. and the
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