| Thu 18 Oct 2007, 16:57 | | STXSWX - Satrix Swix Top 40 - Distribution Announc |
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JSE STXSWX
STX2
STXSWX - Satrix Swix Top 40 - Distribution Announcement
SATRIX SWIX TOP 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: STXSWX
ISIN CODE: ZAE000078580
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 SWIX TOP 40
securities recorded in the register in respect of the quarter ended 30
September 2007. This distribution will:
- be an amount of 4,40 cents (four point four zero cents) (R0,044) per
Satrix SWIX TOP 40 security;
- constituted by:
- 4,15 cents in respect of dividends; and
- 0,25 cents in respect of other income;
- be made to all holders of Satrix SWIX TOP 40 securities recorded in
the register on 28 September 2007;
- be effected on 26 October 2007.
The Satrix SWIX TOP 40 securities had a Total Expense Ratio (TER) of 37,35
basis points (0,3735%) (annualised) for the period 1 January to 30
September 2007. This ratio does not include the cost of acquiring assets.
The current TER cannot be regarded as an indication of future TERs.
The Satrix SWIX TOP 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 and the cost of acquiring assets is 30,69 basis points
(0,3069%) on an annualised basis.
Johannesburg
18 October 2007
Sponsor
Java Capital (Proprietary) Limited
Manager
Satrix Managers (Proprietary) Limited
Trustee
ABSA Bank Limited
Date: 18/10/2007 16:57:18 Produced by the JSE SENS Department.
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