Monthly Distribution and Net Asset Value as at March 15, 2010
MONTREAL, March 17 /CNW Telbec/ - Global Diversified Investment Grade Income Trust ("Global DIGIT") declares the following monthly distribution consisting of a partial capital reimbursement:
------------------------------------------------------------------------- Total Distribu- TSX tions in Closing Distri- 2010 (all Price Per bution capital Unit as Trading Amount distribu- of March Symbol (per unit) Record Date Payable Date tions) 17, 2010 ------------------------------------------------------------------------- DG.UN $0.020 March 31, 2010 April 16, 2010 $0.060 $3.47 -------------------------------------------------------------------------
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 0.40143%, the monthly distribution for April 2010 will be $0.020.
Global DIGIT announces that the net asset value ("NAV") per unit as of March 15, 2010 was estimated to be $4.24.
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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