Unitholders are referred to the announcements released by the Fund on SENS on 14 October 2015 and 30 October 2015, regarding the FundĂs distribution in respect of the six months ended 30 September 2015, as well as the circular to unitholders dated 30 October 2015, in this regard.
As indicated in the above announcements and circular, unitholders could elect to receive in cash the distribution of 6,057.265 cents (in aggregate), after non-permissible income, for every 100 units held (˘Cash Distribution÷), failing which the distribution would be reinvested at the rate of 3.06193 units at 1,978.25 cents per unit (in aggregate) for every 100 units so held (˘Unit Reinvestment÷). Non-resident unitholders are referred to those sections of the abovementioned announcements and circular dealing with the reinvestment ratio and cash distribution ratio for non-resident unitholders. The deadline for the above election was 12:00 on Friday, 20 November 2015.
Unitholders holding 1 070 103 units or 2.2% of units qualifying to receive the distribution, elected to receive the Cash Distribution, resulting in a Cash Distribution of R648 189.75, gross of tax.
The remaining unitholders, holding 46 779 332 units, reinvested their distribution, amounting to R28 335 481.05, gross of tax (R28 099 224.74 net of tax), resulting in the issuing of 1 420 416 new units.
Unitholders are advised that on Monday, 23 November 2015 distribution cheques were posted to those certificated unitholders, and distribution payments were credited to the Central Securities Depositary Participant (˘CSDP÷) accounts or to the broker custody accounts of those dematerialised unitholders, who elected to receive the Cash Distribution.
Unitholders are advised that on Wednesday, 25 November 2015 new unit certificates were posted to those certificated unitholders, and new units were credited to the CSDP accounts or broker custody accounts of those dematerialised unitholders, who qualified for the Unit Reinvestment.
The number of listed units will be adjusted on or about Friday, 27 November 2015, based on the results of the distribution.
Unitholders are referred to the FundĂs announcement on 14 October 2015 and the FundĂs abovementioned circular to unitholders dated 30 October 2015, for details on the tax implications of the distribution.