Global Diversified Investment Grade Income Trust II - Special Distribution and Net Asset Value as at June 30, 2013

MONTREAL, July 5, 2013 /CNW Telbec/ - Global Diversified Investment Grade Income Trust II ("Global DIGIT II") declares the following special distribution:

Trading Symbol	Distribution Amount (per unit)	Record Date	Payment Date	Total Distributions declared or paid in 2013 (all capital reimbursements)	TSX Closing Price per unit on July 5, 2013
GII.UN	$0.025	July 31, 2013	August 15, 2013	$0.0383	$1.28

This special distribution of $0.025 per unit represents a portion of the excess cash of Global DIGIT II which is deemed not needed for its current operations.

Global DIGIT II also announces that the net asset value ("NAV") per unit as at June 30, 2013 was estimated to be $0.38.

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

Louis Arteau: [phone]
http://info.fbn.ca/trusts