JSE STXRES
STX
STXRES - Satrix Resi - Distribution Announcement
SATRIX RESI
A portfolio in the Satrix Collective Investment Scheme ("Satrix")
registered as such in terms of the Collective Investment Schemes Control
Act, 45 of 2002 (the "Act")
JSE Code: STXRES
ISIN: ZAE000078622
DISTRIBUTION ANNOUNCEMENT
The manager and trustees of the Satrix Collective Investment Scheme (being
Satrix Managers (Proprietary) Limited and ABSA Bank Limited respectively)
have resolved to make a distribution to holders of Satrix RESI securities
recorded in the register in respect of the quarter ended 31 March 2007.
This distribution will:
- be an amount of 54,80 cents (fifty four point eight zero cents)
(R54,80) per Satrix RESI security;
- constituted by 41,42 cents in respect of dividends and 13,38 cents in
respect of manufactured dividends.
- be made to all holders of Satrix RESI securities recorded in the
register on 30 March 2007;
- be effected on 7th May 2007.
The Satrix RESI securities had a Total Expense Ratio (TER) of 11,56 basis
points (0,1156%) (annualised) for the period 1st January to 31st March
2007. 11,56 basis points (0,1156%), on an annualised basis, of the average
net asset value of the portfolio were incurred as charges, levies and fees
related to the management of the Satrix RESI portfolio. The current TER
cannot be regarded as an indication of future TERs.
The Satrix RESI portfolio engages in scrip lending activities, with the
sole aim of reducing the net expenses in the portfolio. All income received
from scrip lending is used to defray expenses in the portfolio. The Actual
Expense Ratio (AER), including the impact of scrip lending for the above
period, is 0,76 basis points (0,0076%) on an annualised basis.
Johannesburg
20 April 2007
Sponsor
Java Capital (Proprietary) Limited
Manager
Satrix Managers (Proprietary) Limited
Trustee
ABSA Bank Limited
Date: 20/04/2007 16:25:32 Produced by the JSE SENS Department.
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