Canada NewsWire
MONTREAL, Jan. 19, 2017
MONTREAL, Jan. 19, 2017 /CNW Telbec/ - The board of directors of the Trustee of
Global Diversified Investment Grade Income Trust II (the "Trust") announces that it has decided to terminate the Trust and that the
Trust will redeem all of its outstanding units at a price of $0.24 per unit, being the net asset
value as at January 15, 2017, plus, if applicable, an upward adjustment to be announced later on for a holdback, as
described below. The redemption and payment of the redemption price will be made on or about February 9, 2017.
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, the remaining amount, if any, will be distributed by the Trust as an
adjustment to the redemption price. It is anticipated that such payment will be made on or before December 31, 2017.
About the 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.
SOURCE GLOBAL DIVERSIFIED INVESTMENT GRADE INCOME TRUST II
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