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Distribution Finalisation Announcement - Quarter Ended 30 September 2015 - STXSWX
Satrix Collective Investment Scheme
Satrix Managers (RF) (Pty) Ltd
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 SEPTEMBER 2015
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, 25 September 2015 in respect
of the quarter ended 30 September 2015 as follows:
An aggregate amount of 7.97 cents (R0.07970) per Satrix Swix Top 40
security constituted as follows:
Net Local dividend per security (1) 3.99627
Dividend withholding tax on local dividend (15%) 0.70522
Net Foreign dividend per security (2) 2.44275
Dividend withholding tax on foreign dividend (15%) 0.43107
REIT Income (3) 0.28095
Interest (positive cash balances) (a) 0.00397
Other (scrip lending income) 0.10977
TOTAL DISTRIBUTION 7.97000
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) 4.70149
Dividend withholding tax (15% on taxable dividend) - 0.70522
Net dividend per security 3.99627
2 NET FOREIGN DIVIDEND (Foreign-dual listed shares)
Gross dividend (cents per security) 2.87382
Dividend withholding tax (15% on taxable dividend) - 0.43107
Net dividend per security 2.44275
3 REIT INCOME
Gross REIT income 0.28095
Dividend withholding tax (15% - applicable to foreign
holders) - 0.04214
Net REIT income 0.23881
No dividend tax is applicable for SA resident securities
holders on REIT distribution.
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 22 October 2015 to all holders of Satrix Swix
Top 40 securities recorded in the register on Friday, 25 September 2015.
15 October 2015
Sponsor:
Vunani Corporate Finance
Date: 15/10/2015 12:00:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE').
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