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Distribution Finalisation Announcement - Quarter Ended 31 December 2014 - STXFIN
SATRIX FINI PORTFOLIO
JSE code: STXFIN
ISIN Code: ZAE000036356
("Satrix Fini")
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 2014
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 Fini
securities recorded in the register Wednesday, 24 December 2014 in respect
of the quarter ended 31 December 2014 as follows:
An aggregate amount of 11.74 cents (R0.1174) per Satrix Fini security
constituted as follows:
Net Local dividend per security (1) 6.22915
Dividend withholding tax on local dividend (15%) 1.05296
Net Foreign dividend per security (2) 3.04423
Dividend withholding tax on foreign dividend (15%) 0.53722
Foreign dividend (3) 0.74409
Interest 0.10759
Other (scrip lending income) 0.02476
TOTAL DISTRIBUTION 11.74000
1 NET LOCAL DIVIDEND
Gross dividend (cents per security) 7.28211
Gross STC credits -0.26239
7.01972
Dividend withholding tax (15% on taxable dividend) 1.05296
Gross dividend (cents per security) 7.28211
Dividend withholding tax (15% on taxable dividend) -1.05296
Net dividend per security 6.22915
2 NET FOREIGN DIVIDEND (Foreign-dual listed shares)
Gross dividend (cents per security) 3.58145
Dividend withholding tax (15% on taxable dividend) -0.53722
Net dividend per security 3.04423
3 NET FOREIGN DIVIDEND NOT TAXED (S64N rebate)
Gross dividend 1.01398
Foreign Dividends withholding tax (20%) -0.20279
0.81119
Less portfolio costs -0.06710
Distributable dividend 0.74409
SA Dividend withholding tax
Gross dividend 1.01398
Less portfolio costs -0.06710
0.94688
SA DWT 0.14203
SA tax 0.14203 cents (15%) 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 effected on Friday, 23 January 2015 to all holders of
Satrix Fini securities recorded in the register on Wednesday, 24 December
2014.
16 January 2015
Sponsor:
Vunani Corporate Finance
Date: 16/01/2015 04:47:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE').
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