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JSE STXRES
STX2
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 30 June 2007. This
distribution will:
- be an amount of 3,00 cents (three point zero cents) (R0.03) per Satrix
RESI security;
- constituted by 3,00 cents in respect of dividends.
- be made to all holders of Satrix RESI securities recorded in the
register on 29 June 2007;
- be effected on 27th July 2007.
The dividend for the quarter ended 31 March 2007 constituted 25,8 cents in
respect of dividends and 29.00 cents in respect of manufactured dividends.
The Satrix RESI securities had a Total Expense Ratio (TER) of 22,51 basis
points (0,2251%) (annualised) for the period 1st January to 30st June 2007.
Charges, levies and fees relating to the management of the Satrix RESI
portfolio equivalent to 22,51 basis points (0,2251%), of the average net
asset value of the portfolio (on an annualised basis) were incurred. This
ratio does not include the cost of acquiring assets. 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 and the cost of acquiring assets is 10,85 basis points (0,1085%) on
an annualised basis.
Johannesburg
19 July 2007
Sponsor
Java Capital (Proprietary) Limited
Manager
Satrix Managers (Proprietary) Limited
Trustee
ABSA Bank Limited
Date: 20/07/2007 08:52:31 Produced by the JSE SENS Department.
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