MONTREAL, Jan. 17, 2014 /CNW Telbec/ - Global Diversified Investment
Grade Income Trust ("Global DIGIT") declares the following monthly
distributions composed of a regular distribution of $0.027 per unit and
a special distribution of $0.08 per unit:
Paid in 2014
TSX Closing Price Per
January 17, 2014
January 31, 2014
February 14, 2014
The special distribution of $0.08 per unit represents a portion of the
excess cash of Global DIGIT which is not deemed necessary for the
continuation of the current operations.
One objective of Global DIGIT is to provide unitholders with varying
monthly distributions based on the applicable one-month bankers'
acceptance rate plus 2.00%. The current bankers' acceptance rate is
Global DIGIT announces an estimated net asset value ("NAV") per unit as at January 15, 2014 of $9.32.
The NAV is equal to the aggregate value of the assets less the aggregate
value of the liabilities. Substantially all of the assets of Global
DIGIT consist of cash and three credit default swaps entered into with
Deutsche Bank A.G. (Canada Branch) and the related collateral.
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