MONTREAL, Feb. 19, 2014 /CNW Telbec/ - Global Diversified Investment Grade Income Trust ("Global DIGIT") declares the following monthly distribution:
|Record Date||Payment Date|| Distributions
Paid in 2014
| TSX Closing Price Per
February 19, 2014
|DG.UN||$0.027||February 28, 2014||March 14, 2014||$0.161||$8.74|
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%.
Global DIGIT announces an estimated net asset value ("NAV") per unit as at February 15, 2014 of $9.28.
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