Sectors Shares

SATRIX COLLECTIVE INVESTMENT SCHEME - STXIND - Distribution finalisation announcement - quarter ended 31 December 2013

Release Date: 17/01/2014 08:33
Code(s): STXIND
 
Wrap Text
STXIND - Distribution finalisation announcement - quarter ended 31 December 2013

SATRIX INDI PORTFOLIO
JSE code: STXIND
ISIN code: ZAE000036364
("Satrix Indi")

A portfolio in the Satrix Collective Investment Scheme, registered as such
in terms of the Collective Investment Schemes Control Act, 45 of 2002

DISTRIBUTION FINALISATION ANNOUNCEMENT – QUARTER ENDED 31 DECEMBER 2013

The manager and trustees of the Satrix Collective Investment Scheme (being
Satrix Managers (RF) (Pty) Limited and Standard Chartered Bank),
respectively, have declared a distribution to holders of Satrix Indi
securities recorded in the register on Friday, 27 December 2013 in respect
of the quarter ended 31 December 2013 as follows:

An aggregate amount of 9.51000 cents (R0.09510) per Satrix Indi security
constituted as follows:


    Net Local dividend per security (1)           5.81104
    Dividend withholding tax on local             0.76988
    dividend (15%)
    Net Foreign dividend per security             2.30123
    (2)
    Dividend withholding tax on foreign           0.40610
    dividend (15%)
    Interest                                      0.00358
    Other                                         0.21817
    TOTAL DISTRIBUTION                            9.51000

1   NET LOCAL DIVIDEND
    Gross dividend (cents per security)           6.58092
    Gross STC credits                            -1.44842
                                                  5.13250
    Dividend withholding tax (15% on              0.76988
    taxable dividend)


    Gross dividend (cents per security)           6.58092
    Dividend withholding tax (15% on             -0.76988
    taxable dividend)
    Net dividend per security                     5.81104

2   NET FOREIGN DIVIDEND (Foreign-dual
    listed shares)
    Gross dividend (cents per security)           2.70733
    Dividend withholding tax (15% on             -0.40610
    taxable dividend)
    Net dividend per security                     2.30123
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 effected Friday, 24 January 2014 to all holders of Satrix
Indi securities recorded in the register on Friday, 27 December 2013.

17 January 2014

Sponsor:
Vunani Corporate Finance

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