Monthly Distribution and Net Asset Value as at June 15, 2010
MONTREAL, June 17 /CNW Telbec/ - Global Diversified Investment Grade Income Trust ("Global DIGIT") declares the following monthly distribution consisting of a partial capital reimbursement:
------------------------------------------------------------------------- Total Distri- Distributions TSX Closing bution in 2010 Price Per Trading Amount Record Payable (all capital Unit as of Symbol (per unit) Date Date distributions) June 17, 2010 ------------------------------------------------------------------------- DG.UN $0.022 June 30, July 16, $0.122 $3.90 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%. The current bankers' acceptance rate is approximately 0.66%.
Global DIGIT announces that the net asset value ("NAV") per unit as of June 15, 2010 was estimated to be $3.36.
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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