MONTREAL, Nov. 19, 2013 /CNW Telbec/ - Global Diversified Investment Grade Income Trust II ("Global DIGIT II") declares the following monthly distributions composed of a regular distribution of $0.018 per unit and a special distribution of $0.022 per unit:
|Record Date||Payment Date|| Distributions
Declared or Paid
| TSX Closing Price
per Unit on
November 19, 2013
|GII.UN||$0.04||November 29, 2013||December 13, 2013||$0.288||$1.40|
The special distribution of $0.022 per unit represents a portion of the excess cash of Global DIGIT II which is deemed not necessary for the continuation of the current operations.
Global DIGIT II also announces that the net asset value ("NAV") per unit as of November 15, 2013 was estimated to be $0.37.
The NAV on a particular date is equal to the aggregate value of the assets less the aggregate value of the liabilities. Substantially all of the assets of Global DIGIT II consist of cash and one credit default swap entered into with Deutsche Bank A.G. (Canada Branch) and the related collateral.
About Global DIGIT II
Global DIGIT II provides 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.
SOURCE: GLOBAL DIVERSIFIED INVESTMENT GRADE INCOME TRUST II
For further information:
Louis Arteau : 514-394-7563