Net asset value as at January 31, 2017

MONTREAL, Feb. 3, 2017 /CNW Telbec/ - Global Diversified Investment Grade Income Trust II (the "Trust") announces an estimated Net Asset Value per unit as at January 31, 2017 of $0.24. This value is equal to the value of the assets less liabilities. The assets consist only of cash.

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 announced on January 19, 2017 the redemption of all issued and outstanding units at a price of $0.24 per unit and the creation of a reserve of $0.03 per unit to cover liquidation expenses. Any remaining amount to the reserve will be distributed to holders on or before December 31, 2017.

http://info.fbn.ca/trusts

 

SOURCE GLOBAL DIVERSIFIED INVESTMENT GRADE INCOME TRUST II

For further information: Antoine Fourgeaud: 514-394-6645


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