RAFIND - Newfunds eRAFI(TM) SA Industrial 25 Index ETF - Distribution
JSE RAFIND
NFS
RAFIND - Newfunds eRAFI(TM) SA Industrial 25 Index ETF - Distribution
Finalisation Announcement - Period Ended 31 December 2011
NEWFUNDS eRAFI(TM) SA INDUSTRIAL 25 INDEX ETF
Share code: RAFIND
ISIN: ZAE000135182
(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 FINALISATION ANNOUNCEMENT - PERIOD ENDED 31 DECEMBER 2011
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 ended 31
March 2012 of 16 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 17:30:39 Produced by the JSE SENS Department.
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