Global Diversified Investment Grade Income Trust - Monthly distribution and net asset value as at May 31, 2009
Mon Jun 8, 7:00 PMMONTREAL, June 8 /CNW Telbec/ - Global Diversified Investment Grade Income Trust ("Global DIGIT") declares the following monthly distribution consisting of a partial capital reimbursement:
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TSX Closing
Price Per
Distribution Distribution Unit as of
Trading Amount Record Payable Amount June 5,
Symbol (per unit) Date Date Annualized 2009
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June 30, July 16,
DG.UN $0.0495 2009 2009 $0.594 $1.32
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Starting September 2009, the monthly distributions will become a floating amount based on the applicable one-month bankers' acceptance rate plus 2.00%. Taking into account a current bankers' acceptance rate of 0.39429%, the monthly distribution would be approximately $0.02.
Global DIGIT also announces that the net asset value ("NAV") per unit as at May 31, 2009 is estimated to be $1.73.
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. 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.
ContactsFrançois Rivard(514) 879-6405 http://info.fbn.ca/trusts
84.39 (0.73%)
