| Fri 4 May 2012, 13:37 | | STXRAF - Satrix RAFI 40 - Distribution and re-investment announcement- |
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JSE STXRAF
STX2
STXRAF - Satrix RAFI 40 - Distribution and re-investment announcement-
Quarter ended 31 March 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 - 31 MARCH 2012
Investors are advised that the manager and trustee of Satrix (being Satrix
Managers (Proprietary) Limited and Absa Bank Limited, respectively) have for
the period commencing 1 January 2012 and ending 31 March 2012 declared
distributions to holders of Satrix RAFI 40 securities in an aggregate amount
of 6.34 cents (R0.0634) per Satrix RAFI 40 security. These distributions
were constituted by dividends and interest.
In accordance with the investment policy of Satrix RAFI 40 the distributions
were immediately 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.
To the extent that the distributions (or any part thereof) are taxable in the
hands of an investor, the investor will be liable for the tax associated with
such distributions, notwithstanding that the distributions are re-invested on
behalf of investors (and are not paid over to investors).
The amount of the distributions set out 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.
Investors are also referred to the Distribution and Reinvestment Announcement
- April 2012. As a consequence of changes to the distribution and
reinvestment methodology for Satrix Rafi 40 as a result of the introduction
of dividends tax on 1 April 2012, Distribution and Reinvestment Announcements
going forward will be in the form of this announcement which will be made on
a monthly basis and not semi-annually as was the case prior to the
introduction of dividends tax.
4 May 2012
Sponsor:
Vunani Corporate Finance
Manager:
Satrix Managers (Proprietary) Limited
Date: 04/05/2012 13:37:58 Produced by the JSE SENS Department.
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