| By PR Newswire |
Article Rating: |
|
| September 19, 2012 05:08 PM EDT |
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141 |
MONTREAL, Sept. 19, 2012 /CNW Telbec/ - Global Diversified Investment
Grade Income Trust ("Global DIGIT") declares the following monthly
distribution:
Trading
Symbol
|
Distribution
Amount
(per unit)
|
Record Date
|
Payable Date
|
Total
Distributions
declared or
paid in 2012
(all capital
distributions)
|
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
