SATRIX COLLECTIVE INVESTMENT SCHEME - Distribution Finalisation Announcement Quarter Ended 31 December 2016 - STXRES
STXRES 201701090012A
Distribution Finalisation Announcement – Quarter Ended 31 December 2016 - STXRES
SATRIX COLLECTIVE INVESTMENT SCHEME
SATRIX RESI PORTFOLIO
JSE Code: STXRES
ISIN: ZAE000078622
("Satrix Resi")
A portfolio in the Satrix Collective Investment Scheme, registered as such
in terms of the Collective Investment Schemes Control Act, 45 of 2002
DISTRIBUTION FINALISATION ANNOUNCEMENT – QUARTER ENDED 31 DECEMBER 2016
The manager and trustees of the Satrix Collective Investment Scheme (being
Satrix Managers (RF) (Pty) Limited and Standard Chartered Bank),
respectively, have declared a distribution to holders of Satrix Resi
securities recorded in the register on Friday, 30 December 2016 in respect
of the quarter ended 31 December 2016 as follows:
An aggregate amount of 9.20 cents (R0.920) per Satrix Resi security
constituted as follows:
Net Local dividend per security (1) 7.64562
Dividend withholding tax on local dividend (15%) 1.34923
Interest (positive cash balances) (a) 0.20515
TOTAL DISTRIBUTION 9.20000
a No withholding tax on interest is applicable as interest
has solely been earned from a South African Bank.
1 NET LOCAL DIVIDEND
Gross dividend (cents per security) 8.99485
Dividend withholding tax (15% on taxable dividend) 1.34923
Net dividend per security 7.64562
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 effected on 12 January 2017 to all holders of Satrix Resi
securities recorded in the register on Friday, 30 December 2016.
9 January 2017
Sponsor:
Vunani Corporate Finance
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