| Thu 17 Jul 2008, 17:55 | | DBXJP - db x-trackers MSCI Japan Index ETF - Distribution Announcement |
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JSE DBXJP
DBX
DBXJP - db x-trackers MSCI Japan Index ETF - Distribution Announcement
db x-trackers MSCI Japan Index ETF
Share code: DBXJP
ISIN: ZAE000115176
("dbx Japan")
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 (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 Japan 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 JPY
0.82140 (eight two point one four zero Sen) per dbx Japan security, less the
applicable management fee as detailed in the Fifth Supplement to the Offering
Circular and Pre-listing Statement dated 13 February 2008 (the "JPY
distribution amount").
- The JPY 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 July 2008.
- The distribution will be paid to holders on or about Wednesday, 30 July 2008.
Holders of dbx Japan securities who hold 100,000 or more dbx Japan securities
may elect to receive the distribution in JPY payable to their "foreign JPY cash
account held at the applicable JPY 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 JPY 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 Japanese Government)
on dividends. The JPY distribution amount of JPY 0.82140 per dbx Japan security
is calculated as follows:
- Gross foreign dividends of JPY 0.00363 ( zero point three six three Sen);
- Less withholding tax of JPY 0.00025 (zero point zero two five Sen);
- Plus other income of JPY 0.81802 (eight one point eight zero two Sen).
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 of 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 17:55:02 Produced by the JSE SENS Department.
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