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FIRSTRAND BANK LIMITED - MSETNC MSETNQ - Receipt of Dividend Payment and Update to the Net Asset Value

Release Date: 15/03/2021 11:40
Code(s): MSETNC MSETNQ     PDF:  
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MSETNC MSETNQ - Receipt of Dividend Payment and Update to the Net Asset Value

FirstRand Bank Limited
(Incorporated in the Republic of South Africa)
(Registration number: 1929/001225/06)
Issuer code: FRTN
LEI: ZAYQDKTCATIXF9OQY690
Alpha Code: MSETNC                ISIN: ZAE000291142
Alpha Code: MSETNQ                ISIN: ZAE000291308
(FRB)


RECEIPT OF DIVIDEND PAYMENT AND UPDATE TO THE NET ASSET VALUE

Holders of the MSETNC and MSETNQ exchange-traded notes (ETNs) are advised that on Thursday,
11 March 2021, Microsoft Corporation paid a dividend of $0.56 per share. As per published guidance,
this dividend was synthetically reinvested, net of all taxes, charges and fees, for the ETNs at the US
closing price on Friday, 12 March 2021. The result of the synthetic dividend reinvestment is to increase
the fractional number of shares each ETN references and no distribution or payment will be made.

Dividend amount          $0.56/share
Effective tax rate       50%
Reinvestment amount      $0.28/share
Reinvestment price       $235.75/share

The daily published net asset value (NAV) has already been updated to include the effect of the dividend
being paid, which can be viewed at:
https://www.rmb.co.za/page/inward-listed-etns

NAV formulae for the instruments can be found at:
https://www.firstrand.co.za/investors/debt-investor-centre/prospectuses-and-programme-memoranda/
https://www.firstrand.co.za/investors/debt-investor-centre/jse-listed-instruments/


15 March 2021

Debt sponsor
RAND MERCHANT BANK (a division of FirstRand Bank Limited)

Date: 15-03-2021 11:40:00
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