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ASHBURTON MANAGEMENT COMPANY RF (PTY) LIMITED - Distribution Finalisation Announcement - ASHMID

Release Date: 04/04/2017 17:19
Code(s): ASHMID     PDF:  
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Distribution Finalisation Announcement - ASHMID

Ashburton MidCap ETF
A portfolio in the Ashburton Collective Investment Scheme (“the portfolio”) registered in terms of the
Collective Investment Schemes Control Act, 45 of 2002
(Incorporated in the Republic of South Africa)
(Date of incorporation: 15 August 2012)
Share Code: ASHMID
ISIN: ZAE000215349

DISTRIBUTION FINALISATION ANNOUNCEMENT

Following the previous announcement detailing a possible quarterly distribution by Ashburton MidCap
ETF to holders of Ashburton MidCap ETF Securities, the manager and trustees (namely Ashburton
Management Company RF Proprietary Limited and Standard Chartered Bank) have resolved to make a
quarterly distribution to holders of Ashburton MidCap ETF securities for the quarter ended 31 March
2017. The distribution will amount to 5.21814 cents (R 0.0521814) per Ashburton MidCap ETF security
and is constituted as follows:

Local dividend per security:

    -   Gross local dividend of 5.21814 cents (R 0.0521814) per security to holders who are exempt from
        Dividend Tax.
    -   Net local dividend of 4.17451 cents (R 0.0417451) per security to holders who are not exempt
        from Dividend Tax.

Foreign dividend per security:

    -   No foreign dividends are included in the distribution for the period under consideration.

Payment will be effected on 10 April 2017 to all holders of Ashburton MidCap ETF securities recorded in
the register on 7 April 2017.

Additional information:

The dividend distribution as outlined above is subject to the Dividends Tax that was introduced with effect
from 22 February 2017. The dividend, as defined in the Income Tax Act of 1962, is payable from
dividends accumulated in the fund. The South African Dividend Tax rate of 20% has been applied.
There are 26 000 000 Ashburton MidCap securities in issue. The total distribution amount payable is   
R 1,356,717.44 Ashburton MidCap ETF Income Tax number is 0036/883/26/2.

A copy of the ETF issue document can be found at http://www.ashburtoninvestments.com/za/individual-
investor/investment-range/exchange-traded-funds/ashburton-midcap-etf

4 April 2017
Johannesburg
Sponsor: Bridge Capital Advisors Proprietary Limited

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