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Distribution and Re-Investment Announcement for April 2016 and Salient Dates for May 2016 - 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 APRIL 2016 AND SALIENT
DATES FOR MAY 2016
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, 29 April 2016 in respect
of the month of April 2016 as follows:
An aggregate amount of 15.69 cents (R0.1569) per Satrix RAFI 40 security
constituted as follows:
Net Local dividend per security (1) 9.88056
Dividend withholding tax on local dividend (15%) 1.74363
Net Foreign dividend per security (2) 2.83962
Dividend withholding tax on foreign dividend (15%) 0.50111
Foreign dividend (0% SA tax) (3) 0.29017
Net REIT Income 0.34907
Withholding tax on REIT (foreign holders only) (15%) 0.06160
Interest (positive cash balances) (a) 0.02424
TOTAL DISTRIBUTION 15.69000
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) 11.62419
Dividend withholding tax (15% on taxable dividend) - 1.74363
Net dividend per security 9.88056
2 NET FOREIGN DIVIDEND (Foreign-dual listed shares)
Gross dividend (cents per security) 3.34073
Dividend withholding tax (15% on taxable dividend) - 0.50111
Net dividend per security 2.83962
3 NET FOREIGN DIVIDEND NOT TAXED (S64N rebate)
Gross dividend (cents per security) 0.37645
Foreign dividends withholding tax - 0.07529
0.30116
Less portfolio costs - 0.01099
Distributable dividend 0.29017
SA Dividend withholding tax
Gross dividend 0.37645
Less portfolio costs - 0.01099
0.36546
SA DWT 0.05482
SA tax 0.05482 cents (15%) will not be deducted as
foreign dividend withholding tax has already been
deducted as foreign dividend withholding tax has
already been deducted (SECTION 64N)
4 REIT DIVIDEND
Gross REIT dividend 0.41067
Dividend withholding tax (15% - applicable to foreign
holders) - 0.06160
Net REIT dividend 0.34907
No dividend tax is applicable for SA resident
securities holders on the REIT.
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, 29 April 2016 and be effected on 12 May 2016.
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 MAY 2016:
Notice is hereby given that the following dates are of importance in
regard to a possible monthly distribution for the month of May 2016 by
the ETF to holders of Satrix Rafi 40 securities:
Last day to trade “cum” distribution: Friday, 20 May 2016
Securities trade “ex” distribution: Monday, 23 May 2016
Record date: Friday, 27 May 2016
Announcement of distribution amount Thursday, 2 June 2016
for May 2016, together with salient
dates for June 2016 by:
Sandton
6 May 2016
Sponsor:
Vunani Corporate Finance
Manager:
Satrix Managers (RF) Proprietary Limited
Date: 06/05/2016 01:05:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE').
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