JSE STXRES
STX2
STXRES - Satrix RESI - Distribution announcement
SATRIX RESI
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: STXRES
ISIN: ZAE000078622
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 RESI securities recorded in
the register in respect of the quarter ended 31 March 2008. This distribution
will:
- be an amount of 45.75 cents (forty five point seven five cents) (R0.4575)
per Satrix RESI security;
- be constituted by:
- 28.41 cents in respect of dividends; and
- 17.34 cents in respect of other income;
- be made to all holders of Satrix RESI securities recorded in the register
on 4 April 2008;
- be effected on 7 May 2008.
The Satrix RESI securities had a Total Expense Ratio (TER) of 45.05 basis points
(0.4505%) (annualised) for the period 1 January to 31 March 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 RESI 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 35.66 basis points (0.3566%) on an annualised basis.
5 May 2008
Sponsor
Java Capital (Proprietary) Limited
Manager
Satrix Managers (Proprietary) Limited
Trustee
ABSA Bank Limited
Date: 05/05/2008 16:51:01 Produced by the JSE SENS Department.
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