To view the PDF file, sign up for a MySharenet subscription.

STANLIB COLLECTIVE INVESTMENTS LTD - Distribution announcement

Release Date: 20/12/2012 17:35
Code(s): STANSX     PDF:  
Wrap Text
Distribution announcement

STANLIB TOP 40 FUND ("STANLIB40")(being a portfolio under the STANLIB ETF
CIS registered in the Republic of South Africa in terms of the Collective
Investment Schemes Control Act “CISCA”)
Share Code: STAN40
Abbreviated Name: STANLIB40
ISIN: ZAE000148425
("STAN40")
DISTRIBUTION ANNOUNCEMENT

Holders of STANLIB40 securities ("Securities Holders") are referred to the
announcement dated Monday, 03 December 2012 setting out details of a possible
quarterly distribution by the ETF to Securities Holders.

Further to the above mentioned announcement, the manager of the STANLIB ETF
Collective Investment Scheme(“the Manager”) has resolved to make a quarterly
distribution to Securities Holders for the quarter ended 31 December 2012
("the Distribution") in an amount of 13.68000 cents per STANLIB40 ETF
security. The distribution will be constituted as follows :

Gross Dividend(local)               :       11.78000 cents
STC credits                         :       1.55000 cents
Local Tax    (15%)                  :       1.534500 cents
Net dividend                        :       10.24550 cents

Gross Dividend(foreign)to be taxed(15%)   :     1.81000 cents
Foreign Withholding Tax (3.31500%)        :     0.06000 cents
(to be deducted from total dividend, withheld at source)
Tax Applicable          (11.68500%)       :     0.211500 cents
Net Dividend                              :     1.53850 cents

Interest                                    :     0.15 cent

The Security Holders who are not exempt from dividend tax will receive the
Net Dividend of 11.78400.


The Distribution will be made to all Securities Holders recorded in the
register on Friday, 28 December 2012 and will be paid on Friday, 11 January
2013.

Johannesburg
20 December 2012

Sponsor
The Standard Bank of South Africa Limited

Date: 20/12/2012 05:35:00 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.

Share This Story