Global Diversified Investment Grade Income Trust II redemption of the units and payment of the net asset value

MONTREAL, Jan. 19, 2017 /CNW Telbec/ - The board of directors of the Trustee of Global Diversified Investment Grade Income Trust II (the "Trust") announces that it has decided to terminate the Trust and that the Trust will redeem all of its outstanding units at a price of $0.24 per unit, being the net asset value as at January 15, 2017, plus, if applicable, an upward adjustment to be announced later on for a holdback, as described below. The redemption and payment of the redemption price will be made on or about February 9, 2017.

An amount of $0.03 per unit has been set aside to cover all expenses to be incurred by the Trust up to its dissolution. Once these expenses have been paid, the remaining amount, if any, will be distributed by the Trust as an adjustment to the redemption price. It is anticipated that such payment will be made on or before December 31, 2017.

About the Trust

Until December 2, 2016, the Trust provided 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. Since the settlement of the losses on December 2, 2016 and the termination of the last financial contract, the Trust has started its liquidation process.

 

SOURCE GLOBAL DIVERSIFIED INVESTMENT GRADE INCOME TRUST II

For further information: Antoine Fourgeaud: 514-394-6645, http://info.fbn.ca/trusts

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GLOBAL DIVERSIFIED INVESTMENT GRADE INCOME TRUST II

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