Global Diversified Investment Grade Income Trust II - Monthly Distribution

MONTREAL, Nov. 5 /CNW Telbec/ - Global Diversified Investment Grade Income Trust II ("Global DIGIT II") declares the following monthly distribution consisting of a partial capital reimbursement:

    
    -------------------------------------------------------------------------
             Distri-                         Distri-      TSX Closing
             bution                          bution       Price Per Unit
    Trading  Amount      Record    Payable   Amount       as of
    Symbol   (per unit)  Date      Date      Annualized   November 5, 2009
    -------------------------------------------------------------------------
    GII.UN   $0.0687     November  December  $0.8244      $2.50
                         30, 2009  14, 2009
    -------------------------------------------------------------------------
    

One of the objectives of Global DIGIT II is to provide unitholders with a monthly distribution which, starting March 2010, will be an amount equal to the five-year Government of Canada bond yield plus 4.0% to 4.5%. Taking into account the current bond yield, the monthly distribution would be approximately $0.056 to $0.060.

About Global DIGIT II

Global DIGIT II provides an economic interest in an equity tranche of credit default swap agreements in respect of portfolios of mortgage-backed securities, asset-backed securities, structured finance securities and synthetic corporate exposures.

SOURCE Global Diversified Investment Grade Income Trust II

For further information: For further information: François Rivard, (514) 879-6405; http://info.fbn.ca/trusts

Organization Profile

Global Diversified Investment Grade Income Trust II

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