Sharenet Sites 
Sharenet Sites
Distribution Finalisation Annoncement – Quarter Ended 31 December 2016 - STX40
SATRIX COLLECTIVE INVESTMENT SCHEME
SATRIX 40 PORTFOLIO
JSE code: STX40
ISIN code: ZAE000027108
("Satrix 40")
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 DECEMBER 2016
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 40
securities recorded in the register on Friday, 30 December 2016 in respect
of the quarter ended 31 December 2016 as follows:
An aggregate amount of 14.77 cents (R0.1477) per Satrix 40 security
constituted as follows:
Net Local dividend per security (1) 7.21761
Dividend withholding tax on local dividend (15%) 1.27370
Net Foreign dividend per security (2) 3.88576
Dividend withholding tax on foreign dividend (15%) 0.68572
Foreign dividend (0% SA tax) (3) 0.34382
REIT dividend (4) 1.36339
TOTAL DISTRIBUTION 14.77000
a No withholding tax on interest is applicable as interest
has solely been earned from a South African Bank.
1 NET LOCAL DIVIDEND
Gross dividend (cents per security) 8.49131
Dividend withholding tax (15% on taxable dividend) - 1.27370
Net dividend per security 7.21761
2 NET FOREIGN DIVIDEND (Foreign-dual listed shares)
Gross dividend (cents per security) 4.57148
Dividend withholding tax (15% on taxable dividend) - 0.68572
Net dividend per security 3.88576
3 NET FOREIGN DIVIDEND NOT TAXED (S64N rebate)
Gross dividend 0.62655
Foreign Dividends withholding tax - 0.12531
0.50124
Less portfolio costs - 0.15742
Distributable dividend 0.34382
SA Dividend withholding tax
Gross dividend 0.62655
Less portfolio costs - 0.15742
0.46913
SA DWT 0.07037
SA tax 0.07037 cents (15%) will not be deducted as foreign dividend
withholding tax has already been deducted (SECTION 64N).
4 REIT DIVIDEND
Gross REIT dividend 1.36339
Dividend withholding tax (15% applicable to foreign
holders) - 0.20451
Net REIT dividend 1.15888
No dividend tax is applicable for SA resident securities holders on
the REIT dividend. Dividend tax of 15% 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 12 January 2017 to all holders of Satrix 40
securities recorded in the register on Friday, 30 December 2016.
9 January 2017
Sponsor:
Vunani Corporate Finance
Date: 09/01/2017 01:15:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE').
The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of
the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct,
indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on,
information disseminated through SENS.
