Sharenet Sites 
Sharenet Sites
Distribution Finalisation Announcement – Quarter Ended 31 December 2015 - STXIND
Satrix Collective Investment Scheme
SATRIX INDI PORTFOLIO
JSE code: STXIND
ISIN code: ZAE000036364
("Satrix Indi")
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 2015
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 Indi
securities recorded in the register on Thursday, 31 December 2015 in
respect of the quarter ended 31 December 2015 as follows:
An aggregate amount of 35.1 cents (R0.351) per Satrix Indi security
constituted as follows:
Net Local dividend per security (1) 17.16198
Dividend withholding tax on local dividend (15%) 3.02858
Net Foreign dividend per security (2) 4.22098
Dividend withholding tax on foreign dividend (15%) 0.74488
Foreign dividend (0% SA tax) (3) 9.49898
Interest (positive cash balances) (a) 0.44460
TOTAL DISTRIBUTION 35.10000
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) 20.19056
Dividend withholding tax (15% on taxable dividend) - 3.02858
Net dividend per security 17.16198
2 NET FOREIGN DIVIDEND (Foreign-dual listed shares)
Gross dividend (cents per security) 4.96586
Dividend withholding tax (15% on taxable dividend) - 0.74488
Net dividend per security 4.22098
3 NET FOREIGN DIVIDEND NOT TAXED (S64N rebate)
Gross dividend (cents per security) 19.44262
Foreign dividends withholding tax (35%) - 6.80492
12.63770
Less portfolio costs - 3.13872
Distributable dividend 9.49898
SA Dividend withholding tax
Gross dividend 19.44262
Less portfolio costs - 3.13872
16.30390
SA DWT 2.44559
SA tax 2.44559 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 26 January 2016 to all holders of Satrix Indi
securities recorded in the register on Thursday, 31 December 2015.
19 January 2016
Sponsor:
Vunani Corporate Finance
Date: 19/01/2016 03:41:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE').
The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of
the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct,
indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on,
information disseminated through SENS.
