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FIRSTRAND BANK LIMITED - VSETNC VSETNQ - Receipt of Dividend Payment and Update to the Net Asset Value

Release Date: 10/06/2021 16:48
Code(s): VSETNC VSETNQ     PDF:  
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VSETNC VSETNQ - 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: VSETNC                ISIN: ZAE000293627
Alpha Code: VSETNQ                ISIN: ZAE000293635


Holders of the VSETNC and VSETNQ exchange-traded notes (ETNs) are advised that on Tuesday, 1
June 2021, Visa Inc paid a dividend of $0.32 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
Wednesday, 2 June 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          $0.32/share
Effective tax rate       50%
Reinvestment amount      $0.16/share
Reinvestment price       $229.66/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:

10 June 2021

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

Date: 10-06-2021 04:48:00
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