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MAPPSP - Newfunds MAPPS Protect ETF Portfolio - Distribution and re-investment

Release Date: 25/04/2012 17:26
Code(s): JSE MAPPSP
Wrap Text

MAPPSP - Newfunds MAPPS Protect ETF Portfolio - Distribution and re-investment announcement - period ended 31 March 2012 NEWFUNDS MAPPS PROTECT ETF PORTFOLIO Share code: MAPPSP ISIN: ZAE000153771 A Portfolio in the NewFunds Collective Investment Scheme in Securities registered as such in terms of the Collective Investment Schemes Control Act, 45 of 2002 (the "ETF") DISTRIBUTION AND RE-INVESTMENT ANNOUNCEMENT - PERIOD ENDED 31 March 2012 Further to the announcement published on SENS on 8 March 2012, holders of ETF securities are advised that there will be a distribution for the period ended 31 March 2012 of an amount of 17 cents per ETF security. The distribution is constituted by 8 cents in local dividends and 9 cents in interest. In accordance with the investment policy of the ETF, the distribution has been re-invested on behalf of investors through the purchase of Constituent Securities (as defined in the Portfolio Supplement dated 28 April 2011) in the appropriate weightings, thereby increasing the net asset value of the ETF and, proportionately increasing the value of each ETF security. To the extent that the distribution (or any part thereof) is taxable in the hands of an investor, the investor will be liable for the tax associated with such distribution (or the relevant part thereof), notwithstanding that investors will not receive any cash and that the distribution has been re-invested on their behalf. SARS has confirmed that since dividends declared prior to 1 April were subject to Secondary Tax on Companies in the hands of the companies declaring them, the distribution to investors for the period prior to 1 April 2012 (part thereof comprising dividends), is not subject to dividends tax. 25 April 2012 Sponsor Absa Capital (the investment banking division of Absa Bank Limited, affiliated with Barclays) Date: 25/04/2012 17:26:03 Supplied by www.sharenet.co.za 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.

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