SATRIX COLLECTIVE INVESTMENT SCHEME - Distribution and Re-investment Announcement for September 2014 and Salient Dates for October 2014 - STXRAF

Distribution and Re-investment Announcement for September 2014 and Salient Dates for October 2014 - STXRAF

SATRIX RAFI 40
JSE code: STXRAF
ISIN: ZAE000126033

A portfolio in the Satrix Collective Investment Scheme (“Satrix”),
registered as such in terms of the Collective Investment Schemes Control
Act, 45 of 2002.

DISTRIBUTION AND RE-INVESTMENT           ANNOUNCEMENT    FOR   SEPTEMBER      2014    AND
SALIENT DATES FOR OCTOBER 2014

Investors are advised that the Manager and Trustee of Satrix (being
Satrix Managers (RF) Proprietary Limited and Standard Chartered Bank,
respectively) have declared a distribution to holders of Satrix RAFI 40
securities recorded in the register on Friday, 26 September 2014 in
respect of the month of September 2014 as follows:

An aggregate amount of 8.95000           cents   (R0.08950)    per   Satrix    RAFI   40
security constituted as follows:

      Net Local dividend per security (1)                3.68806
      Dividend withholding tax on local                  0.65060
      dividend (15%)
      Net Foreign dividend per security (2)              3.60943
      Dividend withholding tax on foreign                0.63696
      dividend (15%)
      REIT Income (4)                                    0.36458
      Interest                                           0.00037
      TOTAL DISTRIBUTION                                 8.95000

  1   NET LOCAL DIVIDEND
      Gross dividend (cents per security)                4.33866
      Gross STC credits                                 -0.00133
                                                         4.33733


      Dividend withholding tax (15% on                  -0.65060
      taxable dividend)

      Gross dividend (cents per security)                4.33866
      Dividend withholding tax (15% on                  -0.65060
      taxable dividend)
      Net dividend per security                          3.68806

  2   NET FOREIGN DIVIDEND (Foreign-dual
      listed shares)
      Gross dividend (cents per security)                4.24639
      Dividend withholding tax (15% on                  -0.63696
      taxable dividend)
      Net dividend per security                          3.60943
     4   REIT DIVIDEND


         Gross REIT Dividend                         0.36458
         Dividend Withholding tax                   -0.05469
         (No dividend tax applicable to
         foreign holders)
         Net REIT Dividend                           0.30989

          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 made in respect of holders recorded in the register on
Friday, 26 September 2014 (the “record date”) and be effected on 16
October 2014.

In accordance with the investment policy of Satrix RAFI 40 the
distribution (excluding the dividends tax as detailed above) will be re-
invested on behalf of investors through the purchase of securities
comprising the FTSE/JSE RAFI 40 Index in accordance with the calculation
methodology of the total return version of this Index, thereby increasing
the net asset value of Satrix RAFI 40 and, proportionately, each Satrix
RAFI 40 security.

The distribution (excluding the dividend tax as detailed above) will:

-        where Satrix RAFI 40 securities are held on capital account be added
         to the base cost of each Satrix RAFI 40 security for capital gains
         tax purposes; or
-        where Satrix RAFI 40 securities are held as trading stock be
         regarded as part of the cost of acquiring a Satrix RAFI 40 security.

SALIENT DATES FOR OCTOBER 2014:
Notice is hereby given that the following dates are of importance in
regard to a possible monthly distribution for the month of October 2014
by the ETF to holders of Satrix Rafi 40 securities:

Last day to trade “cum” distribution:                   Friday, 24 October 2014
Securities trade “ex” distribution:                     Monday, 27 October 2014
Record date:                               Friday, 31 October 2014
Announcement of distribution amount        Friday, 7 November 2014
for October 2014, together with
salient dates for November 2014 by:


Sandton

09 October 2014

Sponsor:
Vunani Corporate Finance

Manager:
Satrix Managers (RF) Proprietary Limited

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