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SATRIX COLLECTIVE INVESTMENT SCHEME - Distribution and re-investment announcement for October 2012 and salient dates for November 2012

Release Date: 29/10/2012 08:30
Code(s): STXRAF     PDF:  
Wrap Text
Distribution and re-investment announcement for October 2012 and salient dates for November 2012

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 OCTOBER 2012 AND SALIENT
DATES FOR NOVEMBER 2012

Investors are advised that the Manager and Trustee of Satrix (being
Satrix   Managers   (Proprietary)   Limited  and   Absa   Bank   Limited,
respectively) have declared a distribution to holders of Satrix RAFI 40
securities recorded in the register on Friday, 26 October 2012 in respect
of the month of October 2012 as follows:

An aggregate amount of 4.58 cents (R0.0458) per Satrix RAFI 40 security
constituted as follows:

    Net Local dividend per security         3.58420
    (1)
    Dividend withholding tax on             0.63251
    local dividend (15%)
    Net Foreign dividend per                0.14413
    security (2)
    Dividend withholding tax on             0.02543
    foreign dividend (15%)
    Foreign dividend (0% SA tax)            0.17392
    (3)
    Interest                                0.01981
    TOTAL DISTRIBUTION                      4.58000

  1 NET LOCAL DIVIDEND
    Gross dividend (cents per               4.21671
    security)
    Dividend withholding tax (15%          -0.63251
    on taxable dividend)
    Net dividend per security               3.58420

  2 NET FOREIGN DIVIDEND (Foreign-
    dual listed shares)
    Gross dividend (cents per               0.16956
    security)
    Dividend withholding tax (15%          -0.02543
    on taxable dividend)
    Net dividend per security               0.14413
  3 NET FOREIGN DIVIDEND NOT
    SUBJECT TO TAX
    Gross dividend                          0.17392
    Dividends withholding tax                    -
    Net dividend                            0.17392


    SA tax 0.04014 cents (15%) of
    gross (0.26757 cents) 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 26 October 2012 (the “record date”) and be effected on 2 November
2012.

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 NOVEMBER 2012:
Notice is hereby given that the following dates are of importance in
regard to a possible monthly distribution for the month of November 2012
by the ETF to holders of Satrix Rafi 40 securities:
Last day to trade “cum” distribution:        Friday, 23   November   2012
Securities trade “ex” distribution:          Monday, 26   November   2012
Record date:                                 Friday, 30   November   2012
Announcement of distribution amount for      Tuesday, 4   December   2012
November 2012, together with salient dates
for December 2012 by:

Sandton
29 October 2012

Sponsor:
Vunani Corporate Finance

Manager:
Satrix Managers (Proprietary) Limited

Date: 29/10/2012 08:30:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
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