MONTREAL, June 18, 2012 /CNW Telbec/ - Global Diversified Investment Grade Income Trust ("Global DIGIT") declares the following monthly distribution consisting of a partial capital reimbursement:
|Record Date||Payable Date||
paid in 2012
TSX Closing Price
Per Unit on
June 18, 2012
|DG.UN||$0.027||June 29, 2012||July 17, 2012||$0.189||$4.65|
The objectives 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 that the net asset value ("NAV") per unit as of June 15, 2012 was estimated to be $4.55.
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. (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