SATRIX COLLECTIVE INVESTMENT SCHEME - Distribution and Re-investment Announcement for October 2015 and Salient Dates for November 2015 - STXRAF

Distribution and Re-investment Announcement for October 2015 and Salient Dates for November 2015 - STXRAF

Satrix Collective Investment Scheme
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 OCTOBER 2015 AND SALIENT
DATES FOR NOVEMBER 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, 30 October 2015 in respect
of the month of October 2015 as follows:

An aggregate amount of 5.42 cents (R 0.0542) per Satrix RAFI 40 security
constituted as follows:

     Net Local dividend per security (1)                          3.12054
     Dividend withholding tax on local dividend (15%)             0.55068
     Net Foreign dividend per security (2)                        0.78315
     Dividend withholding tax on foreign dividend (15%)           0.13820
     Net Foreign dividend not taxed (0% SA tax) (3)               0.78425
     Interest (positive cash balances)(a)                         0.04318
     TOTAL DISTRIBUTION                                           5.42000

 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)                          3.67122
     Dividend withholding tax (15% on taxable dividend)         - 0.55068
     Net dividend per security                                    3.12054



 2   NET FOREIGN DIVIDEND (Foreign-dual listed shares)


     Gross dividend (cents per security)                          0.92135
     Dividend withholding tax (15% on taxable dividend)         - 0.13820
     Net dividend per security                                    0.78315


 3   NET FOREIGN DIVIDEND NOT TAXED (s64N rebate)


     Gross dividend (cents per security)                          1.33969
     Foreign Dividends withholding tax (35%)                     -0.46889
     Gross Dividend received by portfolio                         0.87080
     Less portfolio costs                                     -0.08654
     Distributable dividend                                    0.78425


     SA Dividend withholding tax
     Gross dividend                                            1.33969
     Less portfolio costs                                     -0.08654
                                                               1.25315
     SA DWT                                                    0.18797


     SA tax 0.18797 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 made in respect of holders recorded in the register on
Friday, 30 October 2015 and be effected on 13 November 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 NOVEMBER 2015:
Notice is hereby given that the following dates are of importance in
regard to a possible monthly distribution for the month of November 2015
by the ETF to holders of Satrix Rafi 40 securities:

Last day to trade “cum” distribution:           Friday, 20   November   2015
Securities trade “ex” distribution:             Monday, 23   November   2015
Record date:                                    Friday, 27   November   2015
Announcement of distribution amount           Wednesday, 2   December   2015
for November 2015, together with
salient dates for December 2015 by:

Sandton

6 November 2015

Sponsor:
Vunani Corporate Finance

Manager:
Satrix Managers (RF) Proprietary Limited

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