THE DB X-TRACKER COL INVEST SCHEME - Distribution Announcement -Six Months Ended 31 December 2016 - DBXJP
DBXJP 201701180002A
Distribution Announcement -Six Months Ended 31 December 2016 - DBXJP
The db X-trackers Collective Investment Scheme
db X-trackers MSCI Japan Index ETF
JSE code: DBXJP
ISIN: ZAE000115176
(“dbx Japan”)
A portfolio in the db X-trackers Collective Investment Scheme in Securities, registered as such in terms of the
Collective Investment Schemes Control Act, 45 of 2002.
DISTRIBUTION ANNOUNCEMENT – SIX MONTHS ENDED 31 DECEMBER 2016
The manager and trustee have resolved to make a distribution to holders of dbx Japan securities recorded in
the register on Friday, 30 December 2016 in respect of the six months ended 31 December 2016.
Details of the distribution are set out below:
- The net distribution payable to holders will be an amount in ZAR equivalent to JPY 0.37887 (thirty
seven point eight eight seven sen) per Japan security (the “JPY distribution amount”).
- The JPY distribution amount will be converted to ZAR at the exchange rate prevailing on 20
January 2017, details of which will be released on SENS on 24 January 2017.
- The distribution will be paid to holders on 26 January 2017.
The JPY distribution amount (which represents a pro rata portion of the distributable income of the portfolio)
has been calculated after deduction of any foreign withholding tax payable by db x-trackers on dividends.
Foreign withholding tax as a percentage of gross foreign dividends is equal to 15.31%. The JPY distribution
amount of JPY 0.37887 per dbx Japan security is calculated as follows:
- Gross foreign dividends of JPY 1.04603 (one hundred and four point six zero three sen);
- Less: Foreign Withholding tax of JPY 0.16019 (sixteen point zero one nine sen);
- Less: Equalisation of JPY 0.07252 (seven point two five two sen);
- Plus: Interest of JPY 0.00288 (zero point two eight eight sen);
- Plus: Foreign exchange income of JPY 0.00006 (zero point zero zero six sen);
- Less: Management fee of JPY 0.43739 (fourty three point seven three nine sen).
All income derived is foreign in nature and does not include any manufactured dividends.
The information set out above is published for information purposes only.
Holders should contact their tax advisers with regard to the applicable tax treatment of the JPY distribution
amount and the withholding tax.
18 January 2017
Manager
db x-trackers (Proprietary) Limited
Trustee
The Standard Bank of South Africa Limited
Sponsor
Vunani Corporate Finance
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