| Tue 8 May 2012, 14:15 | | STXRAF - Satrix Rafi 40 Portfolio - Distribution Announcement - Salient Dates - |
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JSE STXRAF
STX2
STXRAF - Satrix Rafi 40 Portfolio - Distribution Announcement - Salient Dates -
month ended 31 May 2012
SATRIX RAFI 40 PORTFOLIO
A portfolio in the Satrix Collective Investment Scheme, registered as such in
terms of the Collective Investment Schemes Control Act, 45 of 2002
JSE code: STXRAF
ISIN code: ZAE000126033
("Satrix Rafi 40" or the "ETF")
DISTRIBUTION ANNOUNCEMENT - SALIENT DATES - MONTH ENDED 31 MAY 2012
Notice is hereby given that the following dates are of importance in regard to a
possible monthly distribution for the month of May 2012 by the ETF to holders of
Satrix Rafi 40 securities:
Last day to trade "cum" distribution: Friday, 18 May 2012
Securities trade "ex" distribution: Monday, 21 May 2012
Record date: Friday, 25 May 2012
Announcement of any distribution amount
and salient dates for June 2012: Friday, 8 June 2012
Distributions declared and paid by the portfolio will be re-invested in the
portfolio (excluding dividends withholdings tax of 15% on the dividends received
from the underlying constituents of the Satrix Rafi 40 Portfolio) on behalf of
investors by the purchase of securities comprising the FTSE / JSE RAFI 40 Index
(in line 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.
Dividends tax will be withheld, which amount shall not be reinvested in the
portfolio, at a rate of 15% in respect of holders of Satrix RAFI 40 securities
that are recorded in the register on Friday, 25 May 2012.
Dividends tax so withheld will be paid to the South African Revenue Service in
respect of holders that are not exempt from dividends tax. Holders that are
exempt from dividends tax, or holders qualifying for a reduced rate per Double
Tax Agreement ("DTA") will receive, in cash, the applicable amount of the
dividend withheld from their intermediary, provided they have completed and
timeously lodged the relevant exemption or reduced rate prescribed application
form with their service provider. It is the security holders` responsibility to
make such submissions to their service providers and failure to do so may result
in dividends tax being deducted in full.
The payment of dividends tax 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.
8 May 2012
Sponsor
Vunani Corporate Finance
Manager:
Satrix Managers (Proprietary) Limited
Date: 08/05/2012 14:15:01 Produced by the JSE SENS Department.
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