SATRIX COLLECTIVE INVESTMENT SCHEME - Distribution Announcement For October 2016 and Salient Dates For November 2016 - STXRAF

Distribution Announcement For October 2016 and Salient Dates For November 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 ANNOUNCEMENT FOR OCTOBER 2016 AND SALIENT DATES FOR NOVEMBER
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, 28 October 2016 in respect
of the month of October 2016:

An aggregate amount of 3.07 cents (R 0.0307) per Satrix RAFI 40 security
constituted as follows:

         Net Local dividend per security (1)                          2.03988
         Dividend withholding tax on local dividend (15%)             0.35998
         Net Foreign dividend per security (2)                        0.54171
         Dividend withholding tax on foreign dividend (15%)           0.09559
         Interest (positive cash balances) (a)                        0.03284
         TOTAL DISTRIBUTION                                           3.07000


     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)                          2.39986
         Dividend withholding tax (15% on taxable dividend)         - 0.35998
         Net dividend per security                                    2.03988



     2   NET FOREIGN DIVIDEND (Foreign-dual listed shares)


         Gross dividend (cents per security)                          0.63730
         Dividend withholding tax (15% on taxable dividend)         - 0.09559
         Net dividend per security                                    0.54171


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, 28 October 2016 and be effected on 9 November 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 NOVEMBER 2016:
Notice is hereby given that the following dates are of importance in
regard to a possible monthly distribution for the month of October 2016
by the ETF to holders of Satrix Rafi 40 securities:

Last day to trade “cum” distribution:           Tuesday, 22   November   2016
Securities trade “ex” distribution:           Wednesday, 23   November   2016
Record date:                                     Friday, 25   November   2016
Announcement of distribution amount,           Wednesday, 7   December   2016
together with salient dates for
December 2016


Sandton

4 November 2016

Sponsor:
Vunani Corporate Finance

Manager:
Satrix Managers (RF) Proprietary Limited

Date: 04/11/2016 08:30:00 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.