| Fri 18 Jan 2008, 13:00 | | STX40 - Satrix 40 - Distribution Announcement |
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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 December 2007. This distribution
will:
- be an amount of 6,40 cents (six point four zero cents) (R0,0640) per Satrix
40 security;
be constituted by:
- 5,61 cents in respect of dividends; and
- 0,79 cents in respect of other income;
- be made to all holders of Satrix 40 securities recorded in the register on
28 December 2007; and
- be effected on 28 January 2008.
The Satrix 40 securities had a Total Expense Ratio (TER) of 32,83 basis points
(0,3283%) (annualised) for the period 1 January to 31 December 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 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 17,58 basis points (0,1758%) on an annualised basis.
Rosebank
18 January 2008
Sponsor
Java Capital (Proprietary) Limited
Manager
Satrix Managers (Proprietary) Limited
Trustee
ABSA Bank Limited
Date: 18/01/2008 13:00:01 Produced by the JSE SENS Department.
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