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STANLIB COLLECTIVE INVESTMENTS LTD - Distribution Announcement - STAN40

Release Date: 18/09/2015 16:06
Code(s): STAN40     PDF:  
Wrap Text
Distribution Announcement - STAN40

STANLIB TOP 40 FUND
(being a portfolio under the STANLIB ETF CIS registered in the
Republic of South Africa in terms of the Collective Investment
Schemes Control Act “CISCA”)
Share Code: STAN40
Abbreviated Name: STANLIB40
ISIN: ZAE000182432
("STAN40")

DISTRIBUTION ANNOUNCEMENT

Holders of STANLIB40 securities ("Securities Holders") are
referred to the announcement dated Monday, 01 September 2015
setting out details of a possible quarterly distribution by the
ETF to Securities Holders.

Further to the above-mentioned announcement, the manager of the
STANLIB ETF Collective Investment Scheme(“the Manager”) has
resolved to make a quarterly distribution to Securities
Holders for   the  quarter   ended   30   September  2015  ("the
Distribution") in an amount of 46.36000 cents per STANLIB40 ETF
security. The distribution will be constituted as follows:

Gross Dividend (local to be taxed)      :   19.35000 cents
Local Tax (15%)                         :   2.90250 cents
Net dividend                            :   16.44750 cents

Gross Dividend(foreign-dual)to be
taxed                                   :   26.00000 cents
SA tax applicable (15%)                 :   3.90000 cents
Net Dividend                            :   22.10000 cents

Gross REIT Distribution                 :   0.86000 cents
(No Dividend Withholding Tax deducted
for SA resident securities holders)

Non-residents:
Local Dividends Withholding Tax (15%)    : 0.12900 cents
Net dividend                             : 0.73100 cents

Interest (paid on cash held in bank
account, no WTI applicable)              : 0.15000 cents

The Security Holders (Residents) who are not exempt from
dividend tax will receive the Net Dividend of 38.54750 cents per
security as well as REIT Distribution of 0.86 cents.
Income Tax number:   9528816169

The Distribution will be made to all Securities Holders recorded
in the register on Friday, 25 September 2015 and will be paid on
Friday, 9 October 2015.

Johannesburg
18 September 2015

Sponsor
The Standard Bank of South Africa Limited

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