Global Diversified Investment Grade Income Trust II - Monthly Distribution and Net Asset Value as at December 15, 2012
MONTREAL, Dec. 18, 2012 /CNW Telbec/ - Global Diversified Investment Grade Income Trust II ("Global DIGIT II") declares the following monthly distribution:
| Trading Symbol |
Distribution Amount (per unit) |
Record Date | Payment Date | Total Distributions declared or paid in 2012 (all capital reimbursements) |
TSX Closing Price per unit on December 18, 2012 |
| GII.UN | $0.018 | December 31, 2012 | January 15, 2013 | $0.284 | $0.80 |
Global DIGIT II also announces that the net asset value ("NAV") per unit as of December 15, 2012 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
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