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Distribution Finalisation Announcement – Quarter Ended 30 June 2017 - STX40
SATRIX COLLECTIVE INVESTMENT SCHEME
SATRIX 40 PORTFOLIO
JSE code: STX40
ISIN code: ZAE000027108
("Satrix 40")
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 40
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 21.82 cents (R0.2182) per Satrix 40 security
constituted as follows:
Net Local dividend per security (1) 12.75983
Dividend withholding tax on local dividend (20%) 3.18996
Net Foreign dividend per security (2) 2.61061
Dividend withholding tax on foreign dividend (20%) 0.65265
Foreign dividend (3) 0.84805
REIT dividend (4) 1.75890
TOTAL DISTRIBUTION 21.82000
1 NET LOCAL DIVIDEND
Gross dividend (cents per security) 15.94979
Dividend withholding tax (20% on taxable dividend) -3.18996
Net dividend per security 12.75983
2 NET FOREIGN DIVIDEND (Foreign-dual listed shares)
Gross dividend (cents per security) 3.26326
Dividend withholding tax (20% on taxable dividend) - 0.65265
Net dividend per security 2.61061
3 NET FOREIGN DIVIDEND NOT TAXED (S64N rebate)
Gross dividend 1.33218
Foreign Dividends withholding tax (20%) - 0.26644
1.06574
Less portfolio costs - 0.21769
Distributable dividend 0.84805
SA Dividend withholding tax
Gross dividend 1.33218
Less portfolio costs - 0.21769
1.11449
SA DWT 0.16717
SA tax 0.16717 cents (20%) will not be deducted as foreign dividend
withholding tax has already been deducted (SECTION 64N).
4 REIT DIVIDEND
Gross REIT dividend 1.75890
Dividend withholding tax (20% applicable to foreign
holders - 0.35178
Net REIT dividend 1.40712
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 40
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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