SATRIX COLLECTIVE INVESTMENT SCHEME - Distribution and re-investment announcement for April 2014 and salient dates for May 2014 - STXRAF

Distribution and re-investment announcement for April 2014 and salient dates for May 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 APRIL 2014 AND SALIENT
DATES FOR MAY 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, 25 April 2014 in respect
of the month of April 2014 as follows:

An aggregate amount of 11.66000              cents   (R0.11660)   per   Satrix   RAFI   40
security constituted as follows:

         Net Local dividend per security (1)              7.19891
         Dividend withholding tax on local                1.24897
         dividend (15%)
         Net Foreign dividend per security (2)            2.71521
         Dividend withholding tax on foreign              0.47915
         dividend (15%)
         Interest                                         0.01776
         TOTAL DISTRIBUTION                              11.66000

     1   Gross dividend (cents per security)              8.44788
         Gross STC credits                               -0.12143
                                                          8.32645
         Dividend withholding tax (15% on                -1.24897
         taxable dividend)

         Gross dividend (cents per security)              8.44788
         Dividend withholding tax (15% on                -1.24897
         taxable dividend)
         Net dividend per security                        7.19891

     2   NET FOREIGN DIVIDEND (Foreign-dual
         listed shares)
         Gross dividend (cents per security)              3.19436
         Dividend withholding tax (15% on                -0.47915
         taxable dividend)
         Net dividend per security                        2.71521

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, 25 April 2014 (the “record date”) and be effected on Friday, 16
May 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 MAY 2014:
Notice is hereby given that the following dates are of importance in
regard to a possible monthly distribution for the month of May 2014 by
the ETF to holders of Satrix Rafi 40 securities:

Last day to trade “cum” distribution:                 Friday,   23 May   2014
Securities trade “ex” distribution:                   Monday,   26 May   2014
Record date:                                          Friday,   30 May   2014
Announcement of distribution amount                 Thursday,   5 June   2014
for May 2014, together with salient
dates for June 2014 by:

Sandton
9 May 2014

Sponsor:
Vunani Corporate Finance

Manager:
Satrix Managers (RF) Proprietary Limited

Date: 09/05/2014 08:00:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of
 the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct, 
indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on,
 information disseminated through SENS.