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Distribution Finalisation Announcement – Quarter Ended 30 December 2016 - 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
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 Swix Top 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 4.57 cents (R0.0457) per Satrix Swix Top 40 security
constituted as follows:
Net Local dividend per security (1) 2.47037
Dividend withholding tax on local dividend (15%) 0.43595
Net Foreign dividend per security (2) 1.05201
Dividend withholding tax on foreign dividend (15%) 0.18564
REIT dividend (3) 0.42603
TOTAL DISTRIBUTION 4.57000
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) 2.90632
Dividend withholding tax (15% on taxable dividend) - 0.43595
Net dividend per security 2.47037
2 NET FOREIGN DIVIDEND (Foreign-dual listed shares)
Gross dividend (cents per security) 1.23765
Dividend withholding tax (15% on taxable dividend) - 0.18564
Net dividend per security 1.05200
3 REIT DIVIDEND
Gross REIT dividend 0.42603
Dividend withholding tax (15% - applicable to foreign
holders - 0.06390
Net REIT dividend 0.36213
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 Swix
Top 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').
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