SATRIX COLLECTIVE INVESTMENT SCHEME - Distribution and Re-Investment Announcement for June 2017 and Salient dates for July 2017 - STXRAF

Distribution and Re-Investment Announcement for June 2017 and Salient dates for July 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 JUNE 2017 AND SALIENT
DATES FOR JULY 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, 30 June 2017 in respect of
the month of June 2017:

An aggregate amount of 0.65 cents (R 0.0065) per Satrix RAFI 40 security
constituted as follows:

       Net Local dividend per security (1)                           0.34497
       Dividend withholding tax on local dividend (20%)              0.08624
       REIT dividend (2)                                             0.21758
       Interest (a)                                                  0.00000
       Other (b)                                                     0.00121
       TOTAL DISTRIBUTION                                            0.65000


  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 Barlow World Limited
       dividend (Scrip lending)


  1    NET LOCAL DIVIDEND


       Gross dividend (cents per security)                           0.43121
       Dividend withholding tax (20% on taxable dividend)          - 0.08624

       Net dividend per security                                     0.34497


  2    REIT DIVIDEND
      Gross REIT dividend                                           0.21758
      Dividend withholding tax (20% applicable to foreign
      holders)                                                    - 0.04352
      Net REIT dividend                                             0.17406

      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 made in respect of holders recorded in the register on
Friday, 30 June 2017, and payment will be effected on Friday, 7 July
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 JULY 2017:
Notice is hereby given that the following dates are of importance in
regard to a possible monthly distribution for the month of July 2017 by
the ETF to holders of Satrix Rafi 40 securities:

Last day to trade “cum” distribution:                  Tuesday, 25 July   2017
Securities trade “ex” distribution:                  Wednesday, 26 July   2017
Record date:                                            Friday, 28 July   2017
Announcement of distribution amount, together          Friday, 4 August   2017
with salient dates for August 2017 on or
before:
Sandton

30 June 2017

Sponsor:
Vunani Corporate Finance

Manager:
Satrix Managers (RF) Proprietary Limited

Date: 30/06/2017 05:42:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
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