RAFRES - Newfunds eRAFI(TM) SA Resource 20 Index ETF - Distribution
JSE RAFRES
NFS
RAFRES - Newfunds eRAFI(TM) SA Resource 20 Index ETF - Distribution
announcement - period ended 31 March 2012
NEWFUNDS eRAFI(TM) SA RESOURCE 20 INDEX ETF
Share code: RAFRES
ISIN: ZAE000135166
(the "ETF")
A Portfolio in the NewFunds Collective Investment Scheme in Securities
registered as such in terms of the Collective Investment Schemes Control Act,
45 of 2002
DISTRIBUTION ANNOUNCEMENT - PERIOD ENDED 31 March 2012
Further to the announcement released on SENS on 8 March 2012, holders of ETF
securities are advised that there will be a distribution for the period 31
March 2012 of 20 cents per ETF security. The distribution is comprised
entirely of local dividends.
The distribution will be paid on Wednesday, 2 May 2012 to all holders recorded
on the register on Friday, 30 March 2012.
There has been a delay in making the announcement which was expected to have
been made by 23 April 2012 in order to allow the issuer to obtain clarity on
whether Dividends Withholding Tax, effective 1 April 2012, would be applicable
to distributions paid after 1 April 2012. SARS has confirmed that since
dividends declared prior to 1 April were subject to Secondary Tax on Companies
in the hands of the companies declaring them, the distribution (part thereof
comprising dividends) to investors for the period prior to 1 April 2012, is
not subject to dividends tax.
25 April 2012
Sponsor
Absa Capital
(the investment banking division of Absa Bank Limited, affiliated with
Barclays)
Date: 25/04/2012 17:23:25 Produced by the JSE SENS Department.
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