SATRIX COLLECTIVE INVESTMENT SCHEME - Distribution and Re-investment Announcement for November 2014 and Salient Dates for December 2014 - STXRAF

Distribution and Re-investment Announcement for November 2014 and Salient Dates for December 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 NOVEMBER 2014 AND SALIENT
DATES FOR DECEMBER 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, 28 November 2014 in
respect of the month of November 2014 as follows:

An aggregate amount of 0.61 cents (R 0.0061) per Satrix RAFI 40 security
constituted as follows:

      Net Local dividend per security (1)      0.46898
      Dividend withholding tax on local        0.06448
      dividend (15%)
      Foreign Dividend (0% SA Tax) (2)         0.06707
      Interest                                 0.00947
      TOTAL DISTRIBUTION                       0.61000

  1   NET LOCAL DIVIDEND
      Gross dividend (cents per security)      0.53346
      Gross STC credits                       -0.10356
                                               0.42990


      Dividend withholding tax (15% on        -0.06448
      taxable dividend)

      Gross dividend (cents per security)      0.53346
      Dividend withholding tax (15% on        -0.06448
      taxable dividend)
      Net dividend per security                0.46898



  2 NET FOREIGN DIVIDEND NOT TAXED (S64N
      rebate)
      Gross dividend (cents per security)      0.14838
      Foreign Dividends withholding tax       -0.02968
      (20%)
      Gross Dividend received by portfolio     0.11870
      Less portfolio costs                    -0.05163
      Distributable dividend                   0.06707
     SA Dividend withholding tax
     Gross dividend                            0.14838
     Less portfolio costs                     -0.05163
                                               0.09675
     SA DWT                                    0.01451


     SA tax 0.01451 cents (15%) will not
     be deducted as foreign dividend
     withholding tax has already been
     deducted (SECTION 64N).


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, 28 November 2014 (the “record date”) and be effected on 3
December 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 DECEMBER 2014:
Notice is hereby given that the following dates are of importance in
regard to a possible monthly distribution for the month of December 2014
by the ETF to holders of Satrix Rafi 40 securities:

Last day to trade “cum” distribution:        Wednesday, 17 December   2014
Securities trade “ex” distribution:           Thursday, 18 December   2014
Record date:                                 Wednesday, 24 December   2014
Announcement of distribution amount               Friday, 9 January   2015
for December 2014, together with
salient dates for January 2015 by:

Sandton

26 November 2014

Sponsor:
Vunani Corporate Finance

Manager:
Satrix Managers (RF) Proprietary Limited

Date: 26/11/2014 03:30:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
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