SATRIX COLLECTIVE INVESTMENT SCHEME - Distribution and Re-investment Announcement for March 2015 and Salient Dates for April 2015 - STXRAF

Distribution and Re-investment Announcement for March 2015 and Salient Dates for April 2015 - STXRAF

Satrix Managers (RF) Proprietary Limited
SATRIX RAFI 40
JSE code: STXRAF
ISIN: ZAE000126033

A portfolio in the Satrix Collective Investment Scheme (“Satrix”),
registered as such in terms of the Collective Investment Schemes Control
Act, 45 of 2002.

DISTRIBUTION AND RE-INVESTMENT ANNOUNCEMENT FOR MARCH 2015 AND SALIENT
DATES FOR APRIL 2015

Investors are advised that the Manager and Trustee of Satrix (being
Satrix Managers (RF) Proprietary Limited and Standard Chartered Bank,
respectively) have declared a distribution to holders of Satrix RAFI 40
securities recorded in the register on Friday, 27 March 2015 in respect
of the month of March 2015 as follows:

An aggregate amount of 2.92 cents (R 0.0292) per Satrix RAFI 40 security
constituted as follows:

      Net Local dividend per security (1)                          0.57338
      Dividend withholding tax on local dividend (15%)             0.08529
      Net Foreign dividend per security (2)                        1.91864
      Dividend withholding tax on foreign dividend (15%)           0.33858
      Interest (positive cash balances)(a)                         0.00411
      TOTAL DISTRIBUTION                                           2.92000

  a   No withholding tax on interest is applicable as interest
      has solely been earned from a South African Bank.

  1   NET LOCAL DIVIDEND


      Gross dividend (cents per security)                          0.65867
      Gross STC credits                                           -0.09006
                                                                   0.56861


      Dividend withholding tax (15% on taxable dividend)         - 0.08529


      Gross dividend (cents per security)                          0.65867
      Dividend withholding tax (15% on taxable dividend)         - 0.08529
      Net dividend per security                                    0.57338


  2 NET FOREIGN DIVIDEND (Foreign-dual listed shares)

      Gross dividend (cents per security)                          2.25722
      Dividend withholding tax (15% on taxable dividend)         - 0.33858
      Net dividend per security                                    1.91864


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 made in respect of holders recorded in the register on
Friday, 27 March 2015 and be effected on 10 April 2015.

In accordance with the investment policy of Satrix RAFI 40 the
distribution (excluding the dividends tax as detailed above) will be re-
invested on behalf of investors through the purchase of securities
comprising the FTSE/JSE RAFI 40 Index in accordance with the calculation
methodology of the total return version of this Index, thereby increasing
the net asset value of Satrix RAFI 40 and, proportionately, each Satrix
RAFI 40 security.

The distribution (excluding the dividend tax as detailed above) will:

-    where Satrix RAFI 40 securities are held on capital account be added
     to the base cost of each Satrix RAFI 40 security for capital gains
     tax purposes; or
-    where Satrix RAFI 40 securities are held as trading stock be
     regarded as part of the cost of acquiring a Satrix RAFI 40 security.



SALIENT DATES FOR APRIL 2015:
Notice is hereby given that the following dates are of importance in
regard to a possible monthly distribution for the month of April 2015 by
the ETF to holders of Satrix Rafi 40 securities:

Last day to trade “cum” distribution:               Friday, 17   April   2015
Securities trade “ex” distribution:                 Monday, 20   April   2015
Record date:                                        Friday, 24   April   2015
Announcement of distribution amount                   Tuesday,   5 May   2015
for April 2015, together with salient
dates for May 2015 by:

Sandton

1 April 2015

Sponsor:
Vunani Corporate Finance
Manager:
Satrix Managers (RF) Proprietary Limited

Date: 01/04/2015 04:00:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
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