SATRIX COLLECTIVE INVESTMENT SCHEME - Distribution Finalisation Announcement Quarter Ended 30 June 2017 - STXPRO

Distribution Finalisation Announcement – Quarter Ended 30 June 2017 - STXPRO

SATRIX COLLECTIVE INVESTMENT SCHEME
SATRIX PROPERTY PORTFOLIO
JSE Code: STXPRO
ISIN: ZAE000240131
("Satrix Prop")

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 Prop securities recorded in the register on Friday, 30 June
2017 in respect of the quarter ended 30 June 2017 as follows:


An aggregate amount of 41.20000 cents (R0.412) per Satrix Prop security
constituted as follows:

     Net Local dividend per security (1)                              1.26022
     Dividend withholding tax on local dividend (20%)                 0.31505
     Foreign dividend (2)                                             7.96619
     REIT Dividend (3)                                            31.65854
     TOTAL DISTRIBUTION                                           41.20000



 1   NET LOCAL DIVIDEND


     Gross dividend (cents per security)                              1.57527


                                                                      1.57527


     Dividend withholding tax (20% on taxable dividend)          - 0.31505


     Gross dividend (cents per security)                              1.57527
     Dividend withholding tax (20% on taxable dividend           - 0.31505
     Net dividend per security                                        1.26022



 2   NET FOREIGN DIVIDEND NOT TAXED (S64N rebate)

     Gross dividend                                                   9.47250
     Foreign Dividends withholding tax (20%)                     - 1.89450
                                                                      7.57800
     Add portfolio costs (a)                                         0.38819
     Distributable dividend                                           7.96619
     SA Dividend withholding tax
     Gross dividend                                                 9.47250
     Add portfolio costs (a)                                       0.38819
                                                                    9.86069


     SA DWT                                                         1.47910


     SA tax 1.4791 cents (20%) will not be deducted as foreign dividend
     withholding tax has already been deducted (SECTION 64N).


      (a)     Portfolio costs are positive for the quarter

 3   REIT DIVIDEND

     Gross REIT dividend                                           31.65854
     Dividends withholding tax (20% applicable to foreign         - 6.33171
     holders)
     Net REIT dividend                                             25.32683

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 6 July 2017 to all holders of         Satrix     Prop
securities recorded in the register on Friday, 30 June 2017.

30 June 2017
Sponsor
Vunani Corporate Finance

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