Global Diversified Investment Grade Income Trust II - Special and Monthly Distribution and Net Asset Value as at January 15, 2013
MONTREAL, Jan. 17, 2013 /CNW Telbec/ - Global Diversified Investment Grade Income Trust II ("Global DIGIT II") declares the following monthly distribution:
|Record Date||Payment Date||
declared or paid
TSX Closing Price
per unit on
January 17, 2013
|GII.UN||$0.043||January 31, 2013||February 14, 2013||$0.061||$0.96|
The current monthly distribution is set at $0.018 per unit. In addition to this regular distribution, a special distribution of $0.025 per unit is declared by Global DIGIT II, bringing this monthly distribution to $0.043 per unit. Global DIGIT II is distributing a portion of the excess cash which is deemed not needed for its current operations.
Global DIGIT II also announces that the net asset value ("NAV") per unit as of January 15, 2013 was estimated to be $0.43.
The NAV on a particular date is equal to the aggregate value of the assets of Global DIGIT II, less the aggregate value of its 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