Monthly Distribution and Net Asset Value as at September 15, 2012
MONTREAL, Sept. 19, 2012 /CNW Telbec/ - Global Diversified Investment Grade Income Trust ("Global DIGIT") declares the following monthly distribution:
|Record Date||Payable Date||
paid in 2012
TSX Closing Price
Per Unit on
September 19, 2012
|DG.UN||$0.027||September 28, 2012||October 15, 2012||$0.297||$<6.06>|
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 that the net asset value ("NAV") per unit as of September 15, 2012 was estimated to be $6.25.
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
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