| Thu 17 Jul 2008, 17:53 | | DBXWD - db x-trackers MSCI World Index ETF - Distribution Announcement |
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JSE DBXWD
DBX
DBXWD - db x-trackers MSCI World Index ETF - Distribution Announcement
db x-trackers MSCI World Index ETF
Share code: DBXWD
ISIN: ZAE000115184
("dbx World")
A portfolio in the db x-trackers Collective Investment Scheme in Securities ("db
x-trackers") (formerly the Itrix Collective Investment Scheme in Securities)
registered as such in terms of the Collective Investment Schemes Control Act, 45
of 2002, managed by db x-trackers (Proprietary) Limited (formerly Itrix Managers
(Proprietary) Limited)
DISTRIBUTION ANNOUNCEMENT
The manager and trustees of the db x-trackers Collective Investment Scheme
(being db x-trackers (Proprietary) Limited and The Standard Bank of South Africa
Limited respectively) have resolved to make a distribution to holders of dbx
World securities recorded in the Register as at 27 June 2008 ("holders"), in
respect of the period ended 30 June 2008.
Details of the distribution are set out below:
- The distribution payable to holders will be an amount in ZAR equivalent to USD
0.03093 (three point zero nine three cents) per dbx World security, less the
applicable management fee as detailed in the Third Supplement to the Offering
Circular and Pre-listing Statement dated 13 February 2008 (the "USD
distribution amount").
- The USD distribution amount will be converted to ZAR at the exchange rate
prevailing on or about Thursday, 24 July 2008, details of which will be
published on SENS on or about Friday, 25 2008.
- The distribution will be paid to holders on or about Wednesday, 30 July 2008.
Holders of dbx World securities who hold 100,000 or more dbx World securities
may elect to receive the distribution in USD payable to their "foreign USD cash
account held at the applicable USD clearer". Such election is to be conveyed to
db x-trackers (Proprietary) Limited via the holder`s CSDP in the required format
by no later than Wednesday, 23 July 2008, failing which holders will be paid the
ZAR equivalent referred to above.
WITHHOLDING TAX
The USD distribution amount (which represents a pro rata portion of the
distributable income of the portfolio) has been calculated after deduction of
withholding tax (being tax payable by db x-trackers to the United States
Government) on dividends. The USD distribution amount of USD 0.03093 per dbx
World security is calculated as follows:
- Gross foreign dividends of USD 0.01323 (one point three two three cents);
- Less withholding tax of USD 0.00240 (zero point two four zero cents);
- Plus other income of USD 0.02010 (two point zero one zero cents).
The information set out above is published for information purposes only, inter
alia, to enable South African resident tax payers the ability to claim a foreign
tax credit or rebate (in terms of the section 6 quat) or a deduction (in terms
of section 11C(4) of the Income Tax Act 58 or 1962, in respect of foreign
dividend income accruing to holders. This information does not purport to
constitute tax advice, is not exhaustive and holders should contact their tax
advisors if they are in any doubt as to their right to a tax rebate or deduction
or the action to be taken by them.
17 July 2008
Manager
db x-trackers (Proprietary) Limited
Sponsor
Java Capital (Proprietary) Limited
Trustee
The Standard Bank of South Africa Limited
Date: 17/07/2008 17:53:02 Produced by the JSE SENS Department.
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