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Distribution Finalisation Announcement - Quarter Ended 31 March 2015 - STXSWX
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 31 MARCH 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, 27 March 2015 in respect of
the quarter ended 31 March 2015 as follows:
An aggregate amount of 2.96 cents (R0.0296) per Satrix Swix Top 40 security
constituted as follows:
Net Local dividend per security (1) 0.69725
Dividend withholding tax on local dividend (15%) 0.09833
Net Foreign dividend per security (2) 1.79644
Dividend withholding tax on foreign dividend (15%) 0.31702
Interest (positive cash balances) (a) 0.00737
Other (scrip lending income) 0.04359
TOTAL DISTRIBUTION 2.96000
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) 0.79558
Gross STC credits - 0.14002
0.65556
Dividend withholding tax (15% on taxable dividend) 0.09833
Gross dividend (cents per security) 0.79558
Dividend withholding tax (15% on taxable dividend) - 0.09833
Net dividend per security 0.69725
2 NET FOREIGN DIVIDEND (Foreign-dual listed shares)
Gross dividend (cents per security) 2.11345
Dividend withholding tax (15% on taxable dividend) - 0.31702
Net dividend per security 1.79643
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 29 April 2015 to all holders of Satrix Swix Top
40 securities recorded in the register on Friday, 27 March 2015.
21 April 2015
Sponsor:
Vunani Corporate Finance
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