MAPPSP - Newfunds MAPPS Protect ETF Portfolio - Distribution and re-investment
JSE MAPPSP
NFS
MAPPSP - Newfunds MAPPS Protect ETF Portfolio - Distribution and re-investment
announcement - period ended 31 March 2012
NEWFUNDS MAPPS PROTECT ETF PORTFOLIO
Share code: MAPPSP
ISIN: ZAE000153771
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
(the "ETF")
DISTRIBUTION AND RE-INVESTMENT ANNOUNCEMENT - PERIOD ENDED 31 March 2012
Further to the announcement published on SENS on 8 March 2012, holders of ETF
securities are advised that there will be a distribution for the period ended 31
March 2012 of an amount of 17 cents per ETF security. The distribution is
constituted by 8 cents in local dividends and 9 cents in interest.
In accordance with the investment policy of the ETF, the distribution has been
re-invested on behalf of investors through the purchase of Constituent
Securities (as defined in the Portfolio Supplement dated 28 April 2011) in the
appropriate weightings, thereby increasing the net asset value of the ETF and,
proportionately increasing the value of each ETF security.
To the extent that the distribution (or any part thereof) is taxable in the
hands of an investor, the investor will be liable for the tax associated with
such distribution (or the relevant part thereof), notwithstanding that investors
will not receive any cash and that the distribution has been re-invested on
their behalf. 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 to investors for the period prior to 1 April
2012 (part thereof comprising dividends), 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 17:26:03 Produced by the JSE SENS Department.
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