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JSE STXRAF
STX2
STXRAF - SATRIX RAFI 40 - Distribution and Re-Investment Announcement - April
2012
SATRIX RAFI 40
A portfolio in the Satrix Collective Investment Scheme ("Satrix"), registered as
such in terms of the Collective Investment Schemes Control Act, 45 of 2002.
JSE code: STXRAF
ISIN: ZAE000126033
DISTRIBUTION AND RE-INVESTMENT ANNOUNCEMENT - APRIL 2012
Investors are advised that the Manager and Trustee of Satrix (being Satrix
Managers (Proprietary) Limited and Absa Bank Limited, respectively) have
declared a distribution to holders of Satrix RAFI 40 securities recorded in the
register on 26 April 2012 in respect of the month of April 2012 as follows:
An aggregate amount of 1.14 cents (R0.014) per Satrix RAFI 40 security
constituted as follows:
Interest -
Gross dividend (cents per security):
Net dividend not subject to withholding tax 0.09
Net dividend subject to withholding tax 0.89
Dividend withholding tax at a rate of 15% per security 0.16
1.14
The dividend tax deducted will be paid as follows:
1. To the South African Revenue Service in respect of holders that are not
exempt from dividends tax;
2. Holders that are exempt from dividends tax, or holders qualifying for a
reduced rate per Double Tax Agreement ("DTA") will receive the appropriate
dividend from their intermediary provided they have completed and lodged
the relevant exemption or reduced rate prescribed application form
timeously with their service provider. The responsibility to make such
submissions is that of the security holder and failure to do so may result
in dividends tax being deducted in full
The payment will be made by the relevant intermediary, being the Central
Securities Depository Participant ("CSDP")or Broker nominee company which is the
final regulated intermediary in terms of the Income Tax Act.
Payment will be made in respect of holders recorded in the register on Thursday
26 April 2012 (the "record date")and be effected on 11 May 2012.
In accordance with the investment policy of Satrix RAFI 40 the distribution
(excluding the dividends tax as detailed above) will be re-invested on behalf of
investors through the purchase of securities comprising the FTSE/JSE RAFI 40
Index in accordance with the calculation methodology of the total return version
of this Index, thereby increasing the net asset value of Satrix RAFI 40 and,
proportionately, each Satrix RAFI 40 security.
The distribution (excluding the dividend tax as detailed above) will:
- where Satrix RAFI 40 securities are held on capital account, be added to
the base cost of each Satrix RAFI 40 security for capital gains tax
purposes; or
- where Satrix RAFI 40 securities are held as trading stock, be regarded as
part of the cost of acquiring a Satrix RAFI 40 security.
4 May 2012
Sponsor:
Vunani Corporate Finance
Manager:
Satrix Managers (Proprietary) Limited
Date: 04/05/2012 13:36:01 Produced by the JSE SENS Department.
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