| Fri 18 Jan 2008, 13:02 | | STXSWX - Satrix Swix Top 40 - Distribution Announcement |
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JSE STXSWX
STX
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 31 December 2007. This
distribution will:
- be an amount of 1,55 cents (once point five five cents) (R0,0155) per
Satrix SWIX TOP 40 security;
constituted by:
- 0,90 cents in respect of dividends; and
- 0,65 cents in respect of other income;
- be made to all holders of Satrix SWIX TOP 40 securities recorded in the
register on 28 December 2007;
- be effected on 28 January 2008.
The Satrix SWIX TOP 40 securities had a Total Expense Ratio (TER) of 36,58 basis
points (0,3658%) (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 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 29,45 basis points (0,2945%) 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 13:02:01 Produced by the JSE SENS Department.
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