JSE STXFIN
STX
STXFIN - Satrix Fini- Distribution Announcement
SATRIX FINI
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: STXFIN
ISIN CODE: ZAE000036356
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 FINI securities
recorded in the register in respect of the quarter ended 31 March 2007.
This distribution will:
- be an amount of 4,85 cents (four point eight five cents) (R0,0485) per
Satrix FINI security;
- constituted by 4,85 cents in respect of dividends;
- be made to all holders of Satrix FINI securities recorded in the
register on 30 March 2007;
- be effected on 24th April 2007.
The Satrix FINI securities had a Total Expense Ratio (TER) of 16,08 basis
points (0,1608%) (annualised) for the period 1st January to 31st March
2007. 16,08 basis points (0,1608%), 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 FINI portfolio. The current TER
cannot be regarded as an indication of future TERs.
The Satrix FINI 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 6,12 basis points (0,0612%) 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 16:24:46 Produced by the JSE SENS Department.
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