MONTREAL, Sept. 9, 2014 /CNW Telbec/ - Global Diversified Investment Grade Income Trust ("Global DIGIT") announces that it has redeemed all of its outstanding units at a price of $9.55 per unit, being the net asset value as at September 9, 2014, plus, if applicable, an adjustment to be announced for the holdback, as described below. The payment of the redemption price will be made on September 12, 2014.
An amount of $0.20 per unit has been set aside to cover all expenses to be incurred by Global DIGIT up to its dissolution. Once these expenses have been paid, any remaining amount will be distributed by Global DIGIT as an adjustment to the redemption price. It is anticipated that such payment would be made on or before December 31, 2014.
From the payment of $9.55 per unit, an amount of $4.85 represents a distribution of ordinary income and $4.70, a non‑taxable return of capital. Taxpayers should consult their tax advisor to determine how they are going to be affected by the redemption price.
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, http://info.fbn.ca/trusts