DBXEU - db x-trackers DJ Euro Stoxx 50 ETF - Distribution announcement - Six

Release Date: 14/07/2011 08:00
Code(s): JSE DBXEU
 
Wrap Text

DBXEU - db x-trackers DJ Euro Stoxx 50 ETF - Distribution announcement - Six months ended 30 June 2011 JSE code: DBXEU ISIN: ZAE000115937 ("dbx Euro 50") A portfolio in the db x-trackers Collective Investment Scheme in Securities, registered as such in terms of the Collective Investment Schemes Control Act, 45 of 2002. DISTRIBUTION ANNOUNCEMENT - SIX MONTHS ENDED 30 JUNE 2011 The manager and trustee have resolved to make a distribution to holders of dbx Euro 50 securities recorded in the register on 24 June 2011 in respect of the six months ended 30 June 2011. Details of the distribution are set out below: - The distribution payable to holders will be an amount in ZAR equivalent to EUR 0.05429 (five point four two nine cents) per dbx Euro 50 security (the "EUR distribution amount"). - The EUR distribution amount will be converted to ZAR at the exchange rate prevailing on or about Wednesday, 20 July 2011, details of which will be released on SENS on or about Thursday, 21 July 2011 - The distribution will be paid to holders on or about Tuesday, 26 July 2011. Holders of dbx Euro 50 securities who hold 100 000 or more dbx Euro 50 securities may elect to receive the distribution in EUR payable to their "foreign EUR cash account held at their applicable EUR clearer". Such election is to be conveyed to db x-trackers (Proprietary) Limited ("db x- trackers") via the holder`s CSDP in the required format by no later than Monday, 18 July 2011, failing which holders will be paid the ZAR equivalent referred to above. The EUR distribution amount (which represents a pro rata portion of the distributable income of the portfolio) has been calculated after deduction of any foreign withholding tax payable by db x-trackers on dividends. The EUR distribution amount of EUR 0.05429 per dbx Euro 50 security is calculated as follows: - Gross foreign dividends of EUR 0.09217 (nine point two one seven cents); - Less: Withholding tax of EUR 0.02181 (two point one eight one cents); - Less interest and equalisation of EUR 0.00011 (point zero one one cents); - Less: Management fee of 0.01596 EUR (one point five nine six cents). The information set out above is published for information purposes only. Holders should contact their tax advisers as regards the applicable tax treatment of the EUR distribution amount and the withholding tax. 14 July 2011 Manager db x-trackers (Proprietary) Limited Trustee The Standard Bank of South Africa Limited Sponsor Vunani Corporate Finance Date: 14/07/2011 08:00:01 Produced
Email this JSE Sens Item to a Friend.

Share This Story