Satrix 40 - Distribution announcement
Satrix 40
JSE code: STX40
ISIN CODE: ZAE000027108
DISTRIBUTION ANNOUNCEMENT
The trustees of the Satrix Collective Investment Scheme (being ABSA Bank
Limited) have resolved to make a distribution to holders of Satrix 40 Index
Securities recorded in the register in respect of the quarter ended 30 September
2005. This distribution will:
- be an amount of R 0.1314 cents (thirteen point one four) per Satrix 40
Index Security, constituted by:
* 13.14 cents in respect of dividends;
- be made to all holders of Satrix 40 Index Securities recorded in the
register on 30 September 2005;
- be effected on 27 October 2005
An unavoidable tracking error was incurred during the quarter as a result of
various corporate transactions whereby the Satrix 40 Trust was forced to sell
certain of its holdings at a discount and repurchase these securities at the
market price in order to ensure perfect ongoing tracking of the FTSE/JSE Top 40
Index. These transactions and the amounts expended to restore the correct index
exposure were:
R
Imperial Holdings Ltd 139 841
Absa Bank Limited 3 864 860
A total amount of R4 004 701 was expended for this purpose and was funded from
the distributable amount
For the first nine months of 2005, the Satrix 40 Index securities had a Total
Expense Ratio (TER) of 9,6 basis points (0,096%).
20 October 2005
- end -
Date: 20/10/2005 05:33:12 PM Produced by the JSE SENS Department
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