Monthly Distribution and Net Asset Value as at April 15, 2014
18 April 2014 - 12:28AM
PR Newswire (Canada)
MONTREAL,
April 17, 2014 /CNW Telbec/ - Global
Diversified Investment Grade Income Trust ("Global DIGIT") declares
the following monthly distribution:
Trading
Symbol |
Distribution
Amount
(per unit) |
Record Date |
Payment
Date |
Distributions
Declared or
Paid in 2014
(all capital
distributions) |
TSX Closing
Price Per
Unit on
April 17, 2014 |
DG.UN |
$0.027 |
April 30, 2014 |
May 14, 2014 |
$0.2950 |
$9.06 |
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 an estimated net asset
value ("NAV") per unit as at April 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
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