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Distribution Finalisation Announcement – Quarter Ended 31 March 2017- STX40
SATRIX COLLECTIVE INVESTMENT SCHEME
SATRIX 40 PORTFOLIO
JSE code: STX40
ISIN code: ZAE000027108
("Satrix 40")
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 MARCH 2017
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 40
securities recorded in the register on Friday, 31 March 2017 in respect of
the quarter ended 31 March 2017 as follows:
An aggregate amount of 29.56 cents (R0.2956) per Satrix 40 security
constituted as follows:
Net Local dividend per security (1) 10.95735
Dividend withholding tax on local dividend (20%) 2.73934
Net Foreign dividend per security (2) 10.25902
Dividend withholding tax on foreign dividend (20%) 2.56475
REIT dividend (3) 3.03954
TOTAL DISTRIBUTION 29.56000
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) 13.69669
Dividend withholding tax (20% on taxable dividend) -2.73934
Net dividend per security 10.95735
2 NET FOREIGN DIVIDEND (Foreign dual listed shares)
Gross dividend (cents per security) 12.82377
Dividends withholding tax (20% on taxable dividend) - 2.56475
10.25902
3 REIT DIVIDEND
Gross REIT dividend 3.03954
Dividend withholding tax (20% applicable to foreign
holders) - 0.60791
Net REIT dividend 2.43163
No dividend tax is applicable for SA resident securities holders on
the REIT dividend. Dividend tax of 20% is applicable for non-resident
shareholders on the REIT dividend.
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 7 April 2017 to all holders of Satrix 40
securities recorded in the register on Friday, 31 March 2017.
3 April 2017
Sponsor:
Vunani Corporate Finance
Date: 03/04/2017 08:00:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE').
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