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SOURCE Global Diversified Investment Grade Income Trust
MONTREAL, Sept. 6, 2013 /CNW Telbec/ - Global Diversified Investment
Grade Income Trust ("Global DIGIT") announces that its net asset value
("NAV") per unit as at August 31, 2013 was estimated to be $8.99. The
difference between the NAV of $8.99 as at August 31, 2013 and the
unwind price of $8.88 on August 30, 2013 is due essentially to the
unwind costs of the credit default swaps which were assumed by the
holders who have tendered their units for redemption over the years.
The NAV on a particular date is equal to the aggregate value of the
assets, less the aggregate value of the liabilities. Substantially all
of the assets of Global DIGIT consist of cash and three credit default
swaps entered into with Deutsche Bank A.G. 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.