SATRIX COLLECTIVE INVESTMENT SCHEME - Distribution Finalisation Announcement Quarter Ended 31 March 2017- STXFIN
STXFIN 201704030006A
Distribution Finalisation Announcement – Quarter Ended 31 March 2017- STXFIN
SATRIX COLLECTIVE INVESTMENT SCHEME
SATRIX FINI PORTFOLIO
JSE code: STXFIN
ISIN Code: ZAE000036356
("Satrix Fini")
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 MARCH 2017
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 Fini
securities recorded in the register Friday, 31 March 2017 in respect of the
quarter ended 31 March 2017 as follows:
An aggregate amount of 3.82 cents (R0.0382) per Satrix Fini security
constituted as follows:
Net Local dividend per security (1) 0.15842
Dividend withholding tax on local dividend (20%) 0.03961
REIT Dividend (2) 3.62197
TOTAL DISTRIBUTION 3.82000
1 NET LOCAL DIVIDEND
Gross dividend (cents per security) 0.19803
Dividend withholding tax (20% on taxable dividend) - 0.03961
Net dividend per security 0.15842
2 REIT DIVIDEND
Gross REIT dividend 3.62197
Dividend withholding tax (20% applicable to foreign - 0.72439
holders)
Net REIT dividend 2.89758
No dividend tax is applicable for SA resident securities holders on the
REIT dividend. Dividend tax of 20% is applicable for non-resident
shareholders on the REIT dividend.
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 7 April 2017 to all holders of Satrix Fini
securities recorded in the register on Friday, 31 March 2017.
3 April 2017
Sponsor:
Vunani Corporate Finance
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