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Distribution Finalisation Announcement – Quarter Ended 30 June 2017 - STXSWX
SATRIX COLLECTIVE INVESTMENT SCHEME
SATRIX SWIX TOP 40 PORTFOLIO
JSE code: STXSWX
ISIN code: ZAE000078580
("Satrix Swix Top 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 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 Swix Top 40
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 5.86000 cents (R0.0586) per Satrix Swix Top 40
security constituted as follows:
Net Local dividend per security (1) 3.88289
Dividend withholding tax on local dividend (20%) 0.97072
Net Foreign dividend per security (2) 0.40477
Dividend withholding tax on foreign dividend (20%) 0.10119
REIT Dividend (3) 0.50043
TOTAL DISTRIBUTION 5.86000
1 NET LOCAL DIVIDEND
Gross dividend (cents per security) 4.85361
4.85361
Dividend withholding tax (20% on taxable dividend) - 0.97072
Gross dividend (cents per security) 4.85361
Dividend withholding tax (20% on taxable dividend - 0.97072
Net dividend per security 3.88289
2 NET FOREIGN DIVIDEND (Foreign-dual listed shares)
Gross dividend (cents per security) 0.50596
Dividend withholding tax (20% on taxable dividend) - 0.10009
Net dividend per security 0.40034
3 REIT DIVIDEND
Gross REIT dividend 0.50043
Dividend withholding tax (20% applicable to foreign - 0.10009
holders)
Net REIT dividend 0.40034
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 Swix Top
40 securities recorded in the register on Friday, 30 June 2017.
30 June 2017
Sponsor:
Vunani Corporate Finance
Date: 30/06/2017 05:30:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE').
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