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STXFIN 201706300134A
Distribution Finalisation Announcement – Quarter Ended 30 June 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 30 JUNE 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, 30 June 2017 in respect of the
quarter ended 30 June 2017 as follows:
An aggregate amount of 29.72 cents (R0.2972) per Satrix Fini security
constituted as follows:
Net Local dividend per security (1) 17.84038
Dividend withholding tax on local dividend (20%) 4.46009
Net Foreign dividend per security (2) 2.40218
Dividend withholding tax on foreign dividend (20%) 0.60054
Foreign dividend (3) 1.46775
REIT Dividend (4) 2.73952
Interest 0.20954
TOTAL DISTRIBUTION 29.72000
1 NET LOCAL DIVIDEND
Gross dividend (cents per security) 22.30047
22.30047
Dividend withholding tax (20% on taxable dividend) 4.46009
Gross dividend (cents per security) 22.30047
Dividend withholding tax (20% on taxable dividend) - 4.46009
Net dividend per security 17.84038
2 NET FOREIGN DIVIDEND (Foreign-dual listed shares)
Gross dividend (cents per security) 3.00272
Dividend withholding tax (20% on taxable dividend) - 0.60054
Net dividend per security 2.40218
3 NET FOREIGN DIVIDEND NOT TAXED (S64N rebate)
Gross dividend 1.94656
Foreign Dividends withholding tax (20%) - 0.38931
1.55725
Less portfolio costs - 0.08950
Distributable dividend 1.46775
SA Dividend withholding tax
Gross dividend 1.94656
Less portfolio costs - 0.08951
1.85705
SA DWT 0.27856
SA tax 0.27856 cents (20%) will not be deducted as foreign dividend
withholding tax has already been deducted (SECTION 64N).
4 REIT DIVIDEND
Gross REIT dividend 2.73952
Dividend withholding tax (20% applicable to foreign - 0.54790
holders)
Net REIT dividend 2.19162
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 6 July 2017 to all holders of Satrix Fini
securities recorded in the register on Friday, 30 June 2017.
30 June 2017
Sponsor:
Vunani Corporate Finance
Date: 30/06/2017 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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