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NEWFUNDS COLLECTIVE INVEST SCHEME - NFEMOM - Distribution for the quarter ended 30 September 2013

Release Date: 17/10/2013 13:13
Code(s): NFEMOM     PDF:  
Wrap Text
NFEMOM - Distribution for the quarter ended 30 September 2013

																												
																												
NEWFUNDS EQUITY MOMENTUM EXCHANGE TRADED FUND PORTFOLIO																												
Share code: NFEMOM																												
ISIN: ZAE000162236																												
																												
Portfolios in the NewFunds Collective Investment Scheme in Securities registered as such in terms of the 
Collective Investment Schemes Control Act, 45 of 2002 and managed by NewFunds Proprietary Limited 
(Registration Number 2005/034899/07)																												
																												
DISTRIBUTION ANNOUNCEMENT FOR THE QUARTER ENDED 30 SEPTEMBER 2013																												
																												

Further to the announcement published on Thursday, 5 September 2013, a distribution has been declared today, 
Thursday, 17 October 2013 to holders of ETF securities ("investors") recorded in the register on Friday, 27 September 2013, 
for the quarter ended 30 September 2013 as follows:																												
																												
Alpha code   Dividend/Interest	  Foreign/ Local      Gross            Subject to          *Withholding    STC              Net 
                                                      Distribution     Withholding tax      Tax (%)       (Cents per unit)  Distribution
                                                     (Cents per unit)  Yes/ No	                                           (Cents per unit)
																					
NFEMOM	     Interest	          Local	              0.19887	       No			                             0.19887						 										
	     Dividend	          Local	              24.12907	       Yes	            15	           0.24993	     20.54720		 										
	     Dividend	          Foreign (Other)     0.00000	       Yes			                             0.00000																					
			                              24.32794				                                     20.74607																					
																												
																												
The distribution will be paid on Tuesday, 22 October 2013 to all securities holders recorded on the register on Friday, 27 September 2013.																												
The net distribution amount (after the deduction of Dividend Withholding Tax ('DWT') at a current rate of 15%) will be re-invested in the 
ETF on behalf of investors through the purchase of additional Constituent Securities (as defined in the relevant Portfolio Supplement) in 
the appropriate weightings, thereby increasing the net asset value of the ETF and, proportionately increasing the value of each ETF security. 
As a consequence of reinvesting the net distribution amount (after the deduction of DWT), the ETF will be tracking the relevant total return 
net-of-dividend tax index.																											

Investors qualifying for exemption from DWT or a reduced rate of DWT per Double Tax Agreement ("DTA"), will receive, in cash, a distribution 
amount of the applicable DWT, provided they have completed and timeously lodged with the relevant intermediary the prescribed declaration and 
undertaking form. 
Failure to do so will result in the dividends tax being withheld in full.																												
																												
*Investors should seek advice from their tax advisor on whether the tax and rate shown is applicable to them.																												
																												
																												
Additional information: 																												
                       Number                Tax 
                       of securities         reference 
                       in issue              number	
 NFEMOM	               1,000,000	     9400119179																										
																												
17 October 2013																												
																												
Sponsor																												
Absa Bank Limited (acting through its Corporate and Investment Banking division)																												
																												
																												
																												
																												
																												
																												
																												
																												
																												
																												
																												
																																		
																												
																												
																												
																												

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