Stock Name: GII.UN
Amount: CAD 0.054
Announcement Date: 17/02/2012
Record Date: 12/03/2012
Dividend Detail:
MONTREAL, Feb. 17, 2012 /CNW Telbec/ - Global Diversified Investment
Grade Income TrustII ("Global DIGITII") 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 2012 (all capital reimbursements) | TSX Closing Price per unit on February17,2012 |
GII.UN | $0.018 | February29,2012 | March14,2012 | $0.054 | $0.68 |
In accordance with the press release issued on December12,2011
relating to the settlement of the credit events notified in
November2009 to Global DIGIT II and the final recovery level of zero
for the related reference obligations, distributions will be
approximately equal to the five-year government of Canada bond yield,
as at March 2010, less a spread of 0.4% to 1%, or $0.015 to $0.02 per
unit. Taking into account the total loss of the credit default swaps A
and B as disclosed in the December12,2011 press release, only credit
default swap C remains in the assets of Global DIGITII.
Global DIGITII also announces that the net asset value ("NAV") per unit
as of February15,2012 was estimated to be $0.51.
The NAV on a particular date is equal to the aggregate value of the
assets of Global DIGITII, less the aggregate value of its liabilities.
Substantially all of the assets of Global DIGITII consist of cash and
one credit default swap entered into with Deutsche Bank A.G. (Canada
Branch) and the related collateral.
About Global DIGITII
Global DIGITII provides an economic interest in an equity tranche of a
credit default swap agreement in respect of portfolios of residential
mortgage-backed securities, commercial asset-backed and mortgage-backed
securities, consumer asset-backed securities, structured exposures to
mortgage-backed and asset-backed and corporate securities.
For further information:
Franois Rivard: 514-879-6405
http://info.fbn.ca/trusts
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