SATRIX COLLECTIVE INVESTMENT SCHEME - Distribution and Re-investment Announcement for April 2017 and Salient Dates for May 2017 - STXRAF

Distribution and Re-investment Announcement for April 2017 and Salient Dates for May 2017 - 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 2017 AND SALIENT
DATES FOR MAY 2017

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 April 2017 in respect
of the month of April 2017:

An aggregate amount of 6.27 cents (R 0.0627) per Satrix RAFI 40 security
constituted as follows:

         Net Local dividend per security (1)                          4.22158
         Dividend withholding tax on local dividend (20%)             1.05539
         Net Foreign dividend per security (2)                        0.76398
         Dividend withholding tax on foreign dividend (20%)           0.19099
         Interest (a)                                                 0.03806
         TOTAL DISTRIBUTION                                           6.27000


         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)                          5.27697
         Dividend withholding tax (20% on taxable dividend)         - 1.05539
         Net dividend per security                                    4.22158

     2   NET FOREIGN DIVIDEND (Foreign dual listed shares)


         Gross dividend (cents per security)                          0.95497
         Dividends withholding tax (20% on taxable dividend)        - 0.19099
                                                                      0.76398

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 April 2017 and be effected on 3 May 2017.

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 2017:
Notice is hereby given that the following dates are of importance in
regard to a possible monthly distribution for the month of May 2017 by
the ETF to holders of Satrix Rafi 40 securities:

Last day to trade “cum” distribution:                           Tuesday,   23 May   2017
Securities trade “ex” distribution:                           Wednesday,   24 May   2017
Record date:                                                     Friday,   26 May   2017
Announcement of distribution amount, together                    Friday,   2 June   2017
with salient dates for June 2017 on or
before:

Sandton

26 April 2017

Sponsor:
Vunani Corporate Finance

Manager:
Satrix Managers (RF) Proprietary Limited

Date: 26/04/2017 08:30:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
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