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

Release Date: 30/06/2017 17:40
Code(s): STXFIN     PDF:  
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Distribution Finalisation Announcement – Quarter Ended 30 June 2017 - STXFIN

SATRIX COLLECTIVE INVESTMENT SCHEME
SATRIX FINI PORTFOLIO
JSE code: STXFIN
ISIN Code: ZAE000036356
("Satrix Fini")

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 Fini
securities recorded in the register Friday, 30 June 2017 in respect of the
quarter ended 30 June 2017 as follows:

An aggregate amount of 29.72 cents (R0.2972) per Satrix Fini security
constituted as follows:


      Net Local dividend per security (1)                        17.84038
      Dividend withholding tax on local dividend (20%)            4.46009
      Net Foreign dividend per security (2)                       2.40218
      Dividend withholding tax on foreign dividend (20%)          0.60054
      Foreign dividend (3)                                        1.46775
      REIT Dividend (4)                                           2.73952
      Interest                                                    0.20954
      TOTAL DISTRIBUTION                                         29.72000

  1   NET LOCAL DIVIDEND
      Gross dividend (cents per security)                        22.30047


                                                                 22.30047


      Dividend withholding tax (20% on taxable dividend)          4.46009


      Gross dividend (cents per security)                        22.30047
      Dividend withholding tax (20% on taxable dividend)        - 4.46009
      Net dividend per security                                  17.84038

  2   NET FOREIGN DIVIDEND (Foreign-dual listed shares)

      Gross dividend (cents per security)                         3.00272
      Dividend withholding tax (20% on taxable dividend)        - 0.60054
      Net dividend per security                                   2.40218
     3   NET FOREIGN DIVIDEND NOT TAXED (S64N rebate)

         Gross dividend                                               1.94656
         Foreign Dividends withholding tax (20%)                    - 0.38931
                                                                      1.55725
         Less portfolio costs                                       - 0.08950
         Distributable dividend                                       1.46775


         SA Dividend withholding tax
         Gross dividend                                               1.94656
         Less portfolio costs                                       - 0.08951
                                                                      1.85705


         SA DWT                                                       0.27856


         SA tax 0.27856 cents (20%) will not be deducted as foreign dividend
         withholding tax has already been deducted (SECTION 64N).



     4   REIT DIVIDEND
         Gross REIT dividend                                          2.73952
         Dividend withholding tax (20% applicable to foreign        - 0.54790
         holders)
         Net REIT dividend                                            2.19162

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

Sponsor:
Vunani Corporate Finance

Date: 30/06/2017 05:40:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
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