SYGNIA ITRIX (RF) PROPRIETARY LIMITED - Distribution Announcement Period Ended 31 December 2017 Update - SYGWD

2018-01-12 16:18:00

SYGWD 201801120042A
Distribution Announcement – Period Ended 31 December 2017 – Update - SYGWD

The Sygnia Itrix Collective Investment Scheme
Sygnia Itrix MSCI World Index ETF
JSE code: SYGWD
ISIN: ZAE000249553
(“SYGWD or the “ETF”)

A portfolio in the Sygnia Itrix Collective Investment Scheme in Securities,
registered as such in terms of the Collective Investment Schemes Control
Act, 45 of 2002.

DISTRIBUTION ANNOUNCEMENT – PERIOD ENDED 31 DECEMBER 2017 – UPDATE

Further to the announcement released on SENS on Thursday, 4 January 2018,
holders of SYGWD securities are advised that the net distribution payable
on Wednesday 17 January 2018 will be a minimum amount of ZAR 0.13188 per
SYGWD security. This is based on the ZAR/USD exchange rate prevailing on
Thursday, 11 January 2018 of 12.361516.

The net ZAR distribution    amount   of   ZAR   0.13188   per    SYGWD        security    is
calculated as follows:

-   Gross foreign dividends of ZAR 0.21014 (two one point zero one four
    cents);
-   Less: Foreign withholding tax of ZAR 0.02880(two point eight eight
    zero    cents);
-   Plus: Equalisation of ZAR 0.02038 (two point zero three eight cents);
-   Plus: Foreign exchange gain of ZAR 0.00058 (zero point zero five eight
    cents);
-   Plus: Interest of ZAR 0.00005 (zero point zero zero five cents);
-   Less:    Management fee of ZAR 0.07047 (seven point zero four seven
    cents);


All income derived is      foreign   in   nature   and    does     not        include    any
manufactured dividends.

This amount will be adjusted upwards for larger investors who are liable
for less than the 0.60% management fee.

Investors are advised that the full fee            details       may     be     viewed    on
www.sygnia.co.za/etfs/etf-and-etn-fund-range.

The aggregate amount payable to each investor will be rounded down to the
nearest cent. The balance (if any) will be retained and paid out in the
following distribution period.

All amounts have been rounded to the fifth decimal point.

12 January 2018

Manager
Sygnia Itrix Collective Investment Scheme

Trustee
The Standard Bank of South Africa Limited

Sponsor
Vunani Corporate Finance

Date: 12/01/2018 04:18:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
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