Stockhouse.com uses cookies on this site. By continuing to use our service, you agree to our use of cookies. Cookies are used to offer you a better browsing experience and to analyze our traffic. We also use them to share usage information with our partners. See full details.
I Agree
×
Join today and have your say! It’s FREE!

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Please Try Again
{{ error }}
By providing my email, I consent to receiving investment related electronic messages from Stockhouse.

or

Privacy Policy | Disclaimer

Sign In

Please Try Again
{{ error }}
Password Hint : {{passwordHint}}
Forgot Password?

or

Privacy Policy | Disclaimer
Please Try Again {{ error }}

Send my password

Return to Login
SUCCESS
An email was sent with password retrieval instructions. Please go to the link in the email message to retrieve your password.

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Quote  |  Bullboard  |  News  |  Opinion  |  Profile  |  Peers  |  Filings  |  Financials  |  Options  |  Price History  |  Ratios  |  Ownership  |  Insiders  |  Valuation

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 by User

Global Diversified Investment Grade Income Trust II > My 2¢ worth
<< Previous
 Bullboard Posts
Next >>
User Avatar Image
(0)
•••
Comment by spazzmanon May 12, 2014 3:35pm
410 Views
Post# 22552161

RE:RE:My 2¢ worth

RE:RE:My 2¢ worthYou are right the change in N.A.V. is not the catalyst for the price drop that started May 09.  Instead its their investment in credit default swaps.  When I first invested in GII.UN 2009 the fund owned at least 3 of these securities.  I believe currently there is just one left.  i believe that this security came due today, has defaulted  and shareholders are now left with this fund's N.A.V.  JMHO.  
<< Previous
 Bullboard Posts
Next >>
Dealroom for high-potential pre-IPO opportunities