Net asset value as at December 15, 2016 and suspension of redemption privileges

MONTREAL, Dec. 20, 2016 /CNW Telbec/ - Global Diversified Investment Grade Income Trust II (the "Trust") announces an estimated Net Asset Value per unit as at December 15, 2016 of $0.27. This value is equal to the value of the assets less liabilities. The assets consist only of cash.

In view of the upcoming delisting of the units on the TSX and the start of the liquidation process, as disclosed in recent press releases, the Trust has suspended the redemption privileges for 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 and will proceed to a remittance to its holders at the latest during the first quarter of 2017, net of liquidation fees and contingencies.

 

SOURCE GLOBAL DIVERSIFIED INVESTMENT GRADE INCOME TRUST II

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

Organization Profile

GLOBAL DIVERSIFIED INVESTMENT GRADE INCOME TRUST II

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