SATRIX COLLECTIVE INVESTMENT SCHEME - Distribution And Re-Investment Announcement For May 2017 And Salient Dates For June 2017-STXRAF

Distribution And Re-Investment Announcement For May 2017 And Salient Dates For June 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 MAY 2017 AND SALIENT
DATES FOR JUNE 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,26 May 2017 in respect of
the month of May 2017:

An aggregate amount of 0.41 cents (R 0.041) per Satrix RAFI 40 security
constituted as follows:

       Net Foreign dividend per security (1)                                 0.14097
       Dividend withholding tax on foreign dividend (20%)                    0.03524
       Foreign dividend (0% SA tax)(2)                                       0.22395
       Interest (a)                                                          0.00984
       TOTAL DISTRIBUTION                                                    0.41000


  a    No withholding tax on interest is applicable as interest
       has solely been earned from a South African Bank.


  1    NET FOREIGN DIVIDEND (Foreign dual listed shares)


       Gross dividend (cents per security)                                   0.17621
       Dividends withholding tax (20% on taxable dividend)                 - 0.03524
                                                                             0.14097


  2    NET FOREIGN DIVIDEND NOT TAXED (S64N rebate)
      Gross dividend                                                         0.60018
      Foreign Dividends withholding tax (20%)                              - 0.12004
                                                                             0.48014
      Less portfolio costs                                                 - 0.25620
      Distributable dividend                                                 0.22395


      SA Dividend withholding tax
      Gross dividend                                                         0.60018
      Less portfolio costs                                                 - 0.25620
                                                                             0.34398


      SA DWT                                                                 0.06880
     SA tax 0.06880 cents (20%) will not be deducted as foreign dividend
     withholding tax has already been deducted (SECTION 64N).

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, 26 May 2017 and be effected on 2 June 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 JUNE 2017:
Notice is hereby given that the following dates are of importance in
regard to a possible monthly distribution for the month of June 2017 by
the ETF to holders of Satrix Rafi 40 securities:

Last day to trade “cum” distribution:                      Tuesday, 27   June   2017
Securities trade “ex” distribution:                      Wednesday, 28   June   2017
Record date:                                                Friday, 30   June   2017
Announcement of distribution amount, together                Friday, 7   July   2017
with salient dates for July 2017 on or
before:

Sandton

26 May 2017
Sponsor:
Vunani Corporate Finance

Manager:
Satrix Managers (RF) Proprietary Limited

Date: 26/05/2017 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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