SATRIX COLLECTIVE INVESTMENT SCHEME - Distribution Finalisation Announcement Quarter Ended 30 June 2017 - STXDIV

Distribution Finalisation Announcement – Quarter Ended 30 June 2017 - STXDIV

SATRIX COLLECTIVE INVESTMENT SCHEME
SATRIX DIVIDEND PLUS PORTFOLIO
JSE code: STXDIV
ISIN: ZAE000102018
("Satrix Dividend Plus")

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 30 JUNE 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 Dividend
Plus securities recorded in the register on Friday, 30 June 2017 in respect
of the quarter ended 30 June 2017 as follows:

An aggregate amount of 2.73000 cents (R0.0273) per Satrix Divi security
constituted as follows:

     Net Local dividend per security (1)                              2.13635
     Dividend withholding tax on local dividend (20%)                 0.53409
     Interest (positive cash balances) (a)                            0.03355
     Other (b)                                                        0.02601
     TOTAL DISTRIBUTION                                               2.73000


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

b    Cash subscription related to the BAW dividend (Scrip
     lending)


1    NET LOCAL DIVIDEND

     Gross dividend (cents per security)                              2.67044

                                                                      2.67044

     Dividend withholding tax (20% on taxable dividend)          - 0.53409

     Gross dividend (cents per security)                              2.67044
     Dividend withholding tax (20% on taxable dividend)          - 0.53409
     Net dividend per security                                     2.13635



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 6 July 2017 to all holders of Satrix Dividend
Plus securities recorded in the register on Friday, 30 June 2017.

30 June 2017

Sponsor:
Vunani Corporate Finance

Date: 30/06/2017 05:30:00 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.