| Fri 18 Jan 2008, 13:01 | | STXFIN - Satrix Fini - Distribution Announcement |
|
JSE STXFIN
STX
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 31 December 2007. This distribution
will:
- be an amount of 7,54 cents (seven point five four cents) (R0,0754) per
Satrix FINI security;
- be constituted by 7,54 cents in respect of dividends;
- be made to all holders of Satrix FINI securities recorded in the register
on 28 December 2007;
- be effected on 28 January 2008.
The Satrix FINI securities had a Total Expense Ratio (TER) of 28,74 basis points
(0,2874%) (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 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 11,93 basis points (0,1193%) 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 13:01:01 Produced by the JSE SENS Department.
The SENS service is an information dissemination service administered by the
JSE Limited (`JSE`). The JSE does not, whether expressly, tacitly or
implicitly, represent, warrant or in any way guarantee the truth, accuracy or
completeness of the information published on SENS. The JSE, their officers,
employees and agents accept no liability for (or in respect of) any direct,
indirect, incidental or consequential loss or damage of any kind or nature,
howsoever arising, from the use of SENS or the use of, or reliance on,
information disseminated through SENS.
