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Bullboard - Stock Discussion Forum Global Diversified Investment Grade Income Trust II GIIZF

Global Diversified Investment Grade Income Trust II is a closed-end income trust. The company provides an economic interest in an equity tranche of a credit default swap agreement. It offers services such as portfolio management, financial planning, tax planning, banking solutions, insurance products and annuity, and complementary services among others.

GREY:GIIZF - Post Discussion

Global Diversified Investment Grade Income Trust II > someone got the news on friday
View:
Post by mingzhu on Nov 24, 2014 4:07pm

someone got the news on friday

pushed the price to 0.74, all the others got the news on Monday, went to 0.36. WOW!!!
Comment by timvestor on Nov 24, 2014 6:08pm
I was reading the press release but I'm not sure if I understand, did some of the debt vehicles they hold fail? It appears there were "loss events" in numerous holdings. I've been in and out of this one a few times, maybe another opportunity coming if they can still meet distributions...
Comment by smithgee on Nov 25, 2014 5:16am
Very strange NR ...  Distribution Moreover, the financial contract allows DB to withhold the payments corresponding to such defaulted reference obligations, until the final loss is determined, thus resulting in a reduction of the distributions to the trust and consequently to the unitholders. The full impact of the credit events on the future distributions is currently unknown ...more  
Global Diversified Investment Grade Income Trust II
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