ASHBURTON MANAGEMENT COMPANY RF (PTY) LIMITED - Distribution Finalisation Announcement
ASHT40 201610040048A
Distribution Finalisation Announcement
Ashburton Top 40 ETF
(Formerly RMB Top 40 ETF)
A portfolio in the Ashburton Collective Investment Scheme (“the portfolio”) registered in terms of the
Collective Investment Schemes Control Act, 45 of 2002
Share Code: ASHT40
ISIN: ZAE000215364
(“ASHTOP40”)
DISTRIBUTION FINALISATION ANNOUNCEMENT
Following the previous announcement detailing a possible quarterly distribution by Ashburton Top 40 ETF
to holders of Ashburton Top 40 ETF securities, the manager and trustees (namely Ashburton
Management Company (RF) (Proprietary) Limited and Standard Chartered Bank) have resolved to make
a quarterly distribution to holders of Ashburton Top 40 ETF securities for the quarter ended 30 September
2016. The distribution will amount to 43.06310 cents (R0.430631) per Ashburton Top 40 ETF security and
is constituted as follows:
Local dividend per security:
- Gross local dividend of 22.17134 cents (R0.2217134) per security to holders who are exempt
from Dividends Tax
- Net local dividend of 18.84564 cents (R0.1884564) per security to holders who are not exempt
from Dividends Tax
Net foreign dividend not taxed (S64N rebate):
- Gross foreign dividend of 6.76400 cents (R0.06764) per security. Foreign tax withheld of 15%
amounts to 1.01428 cents (R0.0101428) per security. Net foreign dividend of 5.74972 cents
(R0.0574972) per security. This dividend is not subject to South African dividend tax.
Foreign dividend per security subject to South African dividend tax:
- Gross foreign dividend of 15.14203 cents (R0.1514203) per security to holders who are exempt
from Dividend Tax
- Net foreign dividend of 12.87072 cents (R0.1287072) per security to holders who are not exempt
from Dividend Tax
Payment will be effected on Monday, 17 October 2016 to all holders of Ashburton Top 40 ETF securities
recorded in the register on Friday, 14 October 2016.
Additional information:
The dividend distribution as outlined above is subject to the Dividends Tax that was introduced with effect
from 1 April 2012. The dividend, as defined in the Income Tax Act of 1962, is payable from dividends
accumulated in the fund. The South African Dividend Tax rate of 15% has been applied to both local and
foreign dividends.
There are 17,000,000 Ashburton Top 40 ETF securities in issue. The total dividend amount payable is
R7,320,726.
Ashburton Top 40 ETF Income Tax number is 2144/830/14/4.
A copy of the ETF issue document can be found at http://www.ashburtoninvestments.com/za/individual-
investor/investment-range/exchange-traded-funds/ashburton-top-40-etf
4 October 2016
Johannesburg
Sponsor: Bridge Capital Advisors Proprietary Limited
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