MONTREAL, Oct. 3, 2013 /CNW Telbec/ - Global Diversified Investment Grade Income Trust ("Global DIGIT") announces that the net asset value ("NAV") per unit as at September 30, 2013 was estimated to be $9.18. The difference between the NAV of $9.18 as at September 30, 2013 and the unwind price of $8.88 on August 30, 2013 is due essentially to the unwind costs of the credit default swaps which were assumed by the holders who have tendered their units for redemption over the years.
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. 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