MONTREAL, Aug. 26, 2013 /CNW Telbec/ - Global Diversified Investment Grade Income Trust ("Global DIGIT") announces an indicative unwind price of $8.79 per unit as at August 26, 2013 against a closing market price of $8.50 today. The actual unwind price to be announced before the opening of markets on August 29, 2013 could be significantly different from this indicative price depending on variations in market conditions and the occurrence of any credit default within the portfolios during that period.
On August 2, 2013, Global DIGIT issued a press release describing special measures for the 2013 annual redemption option of the Global DIGIT's Units. Those measures have been put in place to assist Unitholders in deciding whether or not to participate in the redemption option. Please refer to this press release for a detailed discussion on the tendering procedures.
The 2013 annual redemption date is August 30 and pursuant to the special measures announced on August 2, Unitholders will have until 4:00 p.m. EDT on August 30 to tender Units or withdraw their Units tendered. The payment date for Units redeemed will be September 16, 2013.
No recommendation
The board of directors of the Trustee of Global DIGIT makes no recommendation regarding whether Unitholders should continue to hold, sell on the market, or tender their Units for redemption under the annual redemption. These are determinations that Unitholders should make in consultation with their financial and tax advisors.
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
Louis Arteau : (514) 394-7563
http://info.fbn.ca/trusts
Share this article