To view the PDF file, sign up for a MySharenet subscription.

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:  
Wrap Text
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
Alpha Code: MSETNC                ISIN: ZAE000291142
Alpha Code: MSETNQ                ISIN: ZAE000291308


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:

NAV formulae for the instruments can be found at:

15 March 2021

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

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

Share This Story