GRINDROD INDEX TRACKER MAN RF PTY LTD - Distribution Finalisation Announcement - DIVTRX

Release Date: 08/10/2014 15:57
Code(s): DIVTRX
 
Wrap Text
Distribution Finalisation Announcement - DIVTRX

Grindrod DivTrax
Share code: DIVTRX ISIN: ZAE000190104
("DivTrax")

A portfolio in the Grindrod Index Tracker Collective Investment Scheme
(formerly Property Index Tracker Collective Investment Scheme) registered
as such in terms of the Collective Investment Schemes Control Act, 45 of
2002, managed by Grindrod Index Tracker Managers (RF) Proprietary Limited
(formerly Property Index Tracker Managers Proprietary Limited)


DISTRIBUTION FINALISATION ANNOUNCEMENT


Holders of DivTrax securities are advised that a distribution will be made
in respect of the quarter ended 30 September 2014.

The distribution of 19.43502 cents per DivTrax Security will be comprised
as follows:


Dividend (local) (to be taxed at 15%)(gross)           17.28610 cents
Dividends Withholding Tax (15%)                        2.59292 cents
Resultant net dividend                                 14.69318 cents

Dividend (local)( subject to STC credits of 15%
i.e. exempt from tax)                                0.01580 cents
STC Credits                                          0.01580 cents
Net Dividend (local)                                 0.01580 cents

Dividend (foreign) (to be taxed at 15%)(gross)       1.09026 cents
Dividends Withholding Tax (15%)                      0.16354 cents
Resultant net dividend                               0.92672 cents

Interest                                             1.04286 cents



The distribution will be made to all holders of DivTrax securities who were
recorded in the register on 26 September 2014 and will be paid on 13
October 2014.

8 October 2014

Sponsor
Grindrod Bank Limited

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