JSE STX40
STX
STX40 - Satrix 40 - Distribution Announcement
SATRIX 40
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: STX40
ISIN CODE: ZAE000027108
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 40 securities recorded in
the register in respect of the quarter ended 31 March 2007. This distribution
will:
- be an amount of 18,25 cents (eighteen point two five cents) (R0,1825) per
Satrix 40 security;
- constituted by 18,25 cents in respect of dividends;
- be made to all holders of Satrix 40 securities recorded in the register on
30 March 2007; and
- be effected on 7th May 2007.
The Satrix 40 securities had a Total Expense Ratio (TER) of 18,64 basis points
(0,1864%) (annualised) for the period 1st January to 31st March 2007. 18,64
basis points (0,1864%), 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 40 portfolio. The current TER cannot be regarded as an
indication of future TERs.
The Satrix 40 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 5,32 basis
points (0,0532%) 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 16:24:00 Produced by the JSE SENS Department.
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