Monthly Distribution and Net Asset Value as at February 16, 2010
MONTREAL, Feb. 17 /CNW Telbec/ - Global Diversified Investment Grade Income Trust ("Global DIGIT") declares the following monthly distribution consisting of a partial capital reimbursement:
------------------------------------------------------------------------- Total TSX Closing Distribution Price Per Distribution in 2010 Unit as of Trading Amount Payable (all capital February 16, Symbol (per unit) Record Date Date distributions) 2010 ------------------------------------------------------------------------- DG.UN $0.020 February March 12, $0.040 $3.50 26, 2010 2010 -------------------------------------------------------------------------
As indicated in previous press releases, the objectives of Global DIGIT is to provide unitholders with monthly distributions which are now a varying amount based on the applicable one-month bankers' acceptance rate plus 2.00%. Taking into account a current bankers' acceptance rate of 0.40%, the monthly distribution for March 2010 will be $0.020.
Global DIGIT announces that the net asset value ("NAV") per unit as of February 16, 2010 was estimated to be $3.24.
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.
For further information: François Rivard, (514) 879-6405; http://info.fbn.ca/trusts
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