| Thu 18 Oct 2007, 17:00 | | STXFIN - Satrix Fini - Distribution Announcement |
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JSE STXFIN
STX2
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 30 September 2007.
This distribution will:
- be an amount of 6,40 cents (six point four zero cents) (R0,0640) per
Satrix FINI security;
- constituted by 6,40 cents in respect of dividends;
- be made to all holders of Satrix FINI securities recorded in the
register on 28 September 2007;
- be effected on 26 October 2007.
The Satrix FINI securities had a Total Expense Ratio (TER) of 28,29 basis
points (0,2829%) (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 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 and the cost of acquiring assets is 9,46 basis points (0,0946%) 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 17:00:16 Produced by the JSE SENS Department.
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