| Tue 29 May 2012, 10:09 | | STXRAF - SATRIX RAFI 40 - Distribution and Re-Investment announcement for May |
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JSE STXRAF
STX2
STXRAF - SATRIX RAFI 40 - Distribution and Re-Investment announcement for May
2012 and salient dates for June 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 FOR MAY 2012 AND SALIENT DATES FOR
JUNE 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 Friday, 25 May 2012 in respect of the month of May 2012 as follows:
An aggregate amount of 1.02000 cents (R0.0102) per Satrix RAFI 40 security
constituted as follows:
Interest 0.00334
Gross dividend (cents per security):
Net dividend per security 0.86416
Dividend withholding tax at a rate of 15% per security 0.15250
1.02000
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
Friday 25 May 2012 (the "record date")and be effected on 05 June 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.
SALIENT DATES FOR JUNE 2012:
Notice is hereby given that the following dates are of importance in regard to a
possible monthly distribution for the month of June 2012 by the ETF to holders
of Satrix Rafi 40 securities:
Last day to trade "cum" distribution: Friday, 22 June
2012
Securities trade "ex" distribution: Monday, 25 June 2012
Record date: Friday, 29 June 2012
Announcement of distribution amount for June Friday, 06 July 2012
2012, together with salient dates for July
2012 by:
Sandton
29 May 2012
Sponsor:
Vunani Corporate Finance
Manager:
Satrix Managers (Proprietary) Limited
Date: 29/05/2012 10:09:00 Produced by the JSE SENS Department.
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