Try our mobile app

DCCUSD - Dollar Custodial Certificates Distribution

Buy Firstrand Stocks
Published: 2023-11-17 10:30:22 ET
<<<  go to JSE:FSR company page
FirstRand Bank Limited
(Incorporated in the Republic of South Africa)
(Registration No. 1929/001225/06)
LEI: ZAYQDKTCATIXF9OQY690
Alpha code: DCCUSD
ISIN: ZAE000234977
(FRB or the Issuer)


DOLLAR CUSTODIAL CERTIFICATES DISTRIBUTION

Notice is hereby given that FRB will pay a cash distribution to the holders of the dollar custodial certificates
(DCCUSD) listed on the exchange traded funds sector of the JSE Limited, in accordance with clause 12 of
the Offering Circular dated 6 January 2017, as per the table below.

 Alpha Code: DCCUSD                                          *Interest      Total
 Distribution Source type                                    Local
 Net Distribution Reinvested                                 No
 Source of Funds (Country Code)                              ZA
 Subject to Foreign Withholding tax                          No
 Gross Foreign Rate (cents per unit)
 Foreign Tax % withheld at source
 Foreign Tax amount per unit
 DTA with Source Country
 Foreign Tax Reclaim %
 Interest Expense
 Other costs
 Gross ZA Distribution (Cents per unit)                      1 821.00          1 821.00
 Portfolio/Management Cost                                   546.33              546.33
 Gross Local Rate (cents per unit)                           1 274.77          1 274.77
 SA Withholding Tax %
 SA Withholding Tax amount per unit
 Local Net Rate                                              1 274.77          1 274.77

For purposes of clarity, kindly note that the distribution will be marked as interest in accordance with the
JSE’s payment infrastructure. Investors are advised that no lending relationship exists between themselves
and the Issuer.

The salient dates for the payment will be as follows:

Last day to trade to receive the payment                                         Tuesday, 5 December 2023
Shares commence trading “ex” the payment on                                    Wednesday, 6 December 2023
Record date                                                                        Friday, 8 December 2023
Payment date                                                                    Monday, 11 December 2023

The DCCUSD certificates may not be dematerialised or rematerialised between Tuesday, 5 December 2023
and Friday, 8 December 2023, both days inclusive.

Local dividend tax of 20% is not applicable to the payment amount.

The payment has been calculated with reference to interest paid by FRB.

FRB had 350 000 DCCUSD units in issue as at the date of receipt of the income on the underlying asset.
Sandton
17 November 2023

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