| Tue 27 Jan 2009, 17:31 | | 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
DISTRIBUTION ANNOUNCEMENT
- The manager and trustee of db x-trackers have resolved to make a
distribution to holders of dbx World securities recorded in the Register as
at 2 January 2009 ("holders"), in respect of the period ended 31 December
2008.
Details of the distribution are set out below:
- The distribution payable to holders will be an amount in ZAR equivalent to
USD 0.01134 (one point one three four 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, 29 January 2009, details of which will be
published on SENS on or about Friday, 30 January 2009.
- The distribution will be paid to holders on or about Tuesday, 3 February
2009.
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 Thursday, 29 January 2009, failing which holders will be paid
the ZAR equivalent referred to above.
DISTRIBUTION INFORMATION
The USD distribution amount (which represents a pro rata portion of the
distributable income of the portfolio) has been calculated after deduction of
any withholding tax payable by db x-trackers on dividends. The USD distribution
amount of USD 0.01134 per dbx World security is calculated as follows:
- Gross foreign dividends of USD 0.01076 (zero point zero seven six cents);
- Less withholding tax of USD 0.00138 (zero point one three eight cents);
- Plus return of capital from equalization amounts of USD 0.00196 (zero point
one nine six cents).
The equalization amounts represent the portion of the NAV that relates to
accrued dividends in the fund that need to be paid by new investors during the
creation of new units in order to place new investors on an equal footing to the
existing investors.
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.
27 January 2009
Manager
db x-trackers (Proprietary) Limited
Sponsor
Java Capital (Proprietary) Limited
Trustee
The Standard Bank of South Africa Limited
Date: 27/01/2009 17:31:02 Produced by the JSE SENS Department.
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