Subjects: DIV, RTG
Global Diversified Investment Grade Income Trust II Redemption of the Units and Payment of the Net Asset Value
MONTREAL, Feb. 9, 2017 /CNW Telbec/ - Global Diversified Investment Grade Income Trust II (the "Trust") announces that it has redeemed all of its outstanding units at a price of $0.24 per unit, being the net asset value as at February 9, 2017, plus, if applicable, an adjustment to be announced for the holdback, as described below. The redemption price has been paid the same day.
An amount of $0.03 per unit has been set aside to cover all expenses to be incurred by the Trust up to its dissolution. Once these expenses have been paid, any remaining amount will be distributed by the Trust as an adjustment to the redemption price. It is anticipated that such payment, if any, be made on or before December 31, 2017.
About Trust
Until December 2, 2016, the Trust provided 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. Since the settlement of the losses on December 2, 2016 and the termination of the last financial contract, the Trust has started its liquidation process and announced on January 19, 2017 the redemption of all issued and outstanding units.
SOURCE GLOBAL DIVERSIFIED INVESTMENT GRADE INCOME TRUST II
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