GRINDROD INDEX TRACKER MAN RF PTY LTD - LVLTRX - Distribution Finalisation Announcement
LVLTRX 201407090036A
LVLTRX - Distribution Finalisation Announcement
Grindrod LowVolTrax
Share code: LVLTRX ISIN: ZAE000190112
("LowVolTrax")
A portfolio in the Grindrod Index Tracker Collective Investment Scheme
(formerly Property Index Tracker Collective Investment Scheme) registered
as such in terms of the Collective Investment Schemes Control Act, 45 of
2002, managed by Grindrod Index Tracker Managers (RF) Proprietary Limited
(formerly Property Index Tracker Managers Proprietary Limited)
DISTRIBUTION FINALISATION ANNOUNCEMENT
Holders of LowVolTrax securities are advised that a distribution will be
made in respect of the quarter ended 30 June 2014.
The distribution of 10.29274 cents per LowVolTrax Security will be
comprised as follows:
Dividend (local) (to be taxed at 15%)(gross) 4.04656 cents
Dividends Withholding Tax (15%) 0.60698 cents
Resultant net dividend 3.43958 cents
Dividend (local)( subject to STC credits of 15%
i.e. exempt from tax) 0.58471 cents
STC Credits 0.58471 cents
Net Dividend (local) 0.58471 cents
Gross REIT Distribution 2.30171 cents
(No Dividend Withholding Tax deducted for SA resident securities holders)
Non-residents:
Local Dividends withholding Tax (15%) 0.34526 cents
Net dividend 1.95645 cents
Dividend (foreign) (to be taxed at 15%)(gross) 1.33648 cents
Dividends Withholding Tax (15%) 0.20047 cents
Resultant net dividend 1.13601 cents
Dividend (foreign) (already taxed in UK at 20%)(gross) 0.79818 cents
Dividends Withholding Tax in South Africa (n/a) 0 cents
Resultant net dividend 0.79818 cents
Interest 1.22510 cents
The distribution will be made to all holders of LowVolTrax securities who
were recorded in the register on 27 June 2014 and will be paid on Friday,
11 July 2014.
9 July 2014
Sponsor
Grindrod Bank Limited
Date: 09/07/2014 05:40:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE').
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