Stock Name: DG.UN
Amount: CAD 0.027
Announcement Date: 19/09/2011
Record Date: 28/09/2011
Dividend Detail:
MONTREAL, Sept. 19, 2011 /CNW Telbec/ - Global Diversified Investment
Grade Income Trust ("Global DIGIT") declares the following monthly
distribution consisting of a partial capital reimbursement:
Trading Symbol | Distribution Amount (per unit) | Record Date | Payable Date | Total Distributions declared or paid in 2011 (all capital distributions) | TSX Closing Price Per Unit on September 19, 2011 |
DG.UN | $0.027 | September 30, 2011 | October 17, 2011 | $0.27 | $4.60 |
The objectives of Global DIGIT is to provide unitholders with varying
monthly distributions based on the applicable one-month bankers'
acceptance rate plus 2.00%. The current bankers' acceptance rate is
approximately 1.20%.
Global DIGIT announces that the net asset value ("NAV") per unit as of September 15, 2011 was estimated to be $3.02.
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.
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