MONTREAL, Feb. 17 /CNW Telbec/ - Global Diversified Investment Grade
Income Trust II ("Global DIGIT II") (TSX: GII.UN) announces that its net asset
value ("NAV") per unit as at January 31, 2009, is estimated to be $0.37.
The NAV on a particular date is equal to the aggregate value of the
assets of Global DIGIT II, less the aggregate value of its liabilities.
Substantially all of the assets of Global DIGIT II consist of cash and three
credit default swaps (the "GD Swaps") entered into with Deutsche Bank A.G.
("DB") and the related collateral.
The calculation of Global DIGIT II's NAV as at January 31, 2009 takes
into account the distributions declared since the beginning of January 2009
which represent an aggregate amount of $1.77 per unit (composed of a monthly
distribution of $0.0687 per unit paid on February 13, 2009 to holders of
record on January 30, 2009, a one-time distribution of $1.07 per unit paid on
February 13, 2009 to holders of record on January 30, 2009 and a one-time
distribution of $0.635 per unit payable on March 13, 2009 to holders of record
on February 27, 2009), and which have reduced the available cash component in
the calculation of NAV as at January 31, 2009 by an equivalent amount.
About Global DIGIT II
Global DIGIT II provides an economic interest in an equity tranche of
credit default swap agreements in respect of portfolios of mortgage-backed
securities, asset-backed securities, structured finance securities and
synthetic corporate exposures.
For further information:
For further information: François Rivard, (514) 879-6405,