MONTREAL, July 17, 2012 /CNW Telbec/ - Global Diversified Investment
Grade Income Trust ("Global DIGIT") declares the following special and
monthly distributions consisting of partial capital reimbursements:
paid in 2012
TSX Closing Price
Per Unit on
July 17, 2012
July 31, 2012
August 15, 2012
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
approximately 1.22%. The regular monthly distribution is set at $0.027
per unit. In addition to this distribution, a special distribution of
an equal amount of $0.027 per unit is declared by Global DIGIT bringing
the distributions payable on August 15 to $0.054 per unit, thus
returning to unitholders cash deemed not needed for its current
Global DIGIT announces that the net asset value ("NAV") per unit as of July 15, 2012 was estimated to be $4.96.
The NAV on a particular date is equal to the aggregate value of the
assets of Global DIGIT, less the aggregate value of its 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:
François Rivard: 514-879-6405