Enhanced Investments - Financial Portal

FDETNC FDETNQ - Receipt of Dividend Payment and Update to the Net Asset Value

Published: 2024-03-05 12:30:29 ET

FirstRand Bank Limited
(Incorporated in the Republic of South Africa)
(Registration number: 1929/001225/06)
Issuer code: FRTN
LEI: ZAYQDKTCATIXF9OQY690
Alpha code: FDETNC                ISIN: ZAE000293551
Alpha code: FDETNQ                ISIN: ZAE000293544
(FRB)


RECEIPT OF DIVIDEND PAYMENT AND UPDATE TO THE NET ASSET VALUE

Holders of the FDETNC and FDETNQ exchange-traded notes (ETNs) are advised that on Friday, 01
March 2024, Ford Motor Company paid a dividend of $0.15 per share and a special dividend of $0.18
per share. As per published guidance, these dividends were synthetically reinvested, net of all taxes,
charges and fees, for the ETNs at the US closing price on Friday, 01 March 2024. The result of the
synthetic dividends reinvestment is to increase the fractional number of shares each ETN references
and no distribution or payment will be made.

Dividend amounts         $0.33/share
Effective tax rate       15%
Reinvestment amounts     $0.2805/share
Reinvestment price       $12.45/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/


5 March 2024

Debt sponsor
Rand Merchant Bank (a division of FirstRand Bank Limited)

Enhanced Investments, Inc.
329 South Oyster Bay Road #2085
Plainview, NY 11803
team@eninvs.com

Important disclosures

Performance results were prepared by Enhanced Investments, and have not been compiled, reviewed or audited by an independent accountant. Performance estimates are subject to future adjustment and revision. Investors should be aware that a loss of investment is possible. Account holdings are for illustrative purposes only and are not investment recommendations. Additional information, including (i) the calculation methodology; and (ii) a list showing the contribution of each holding to the portfolio’s performance during the time period will be provided upon request.
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Certain investments are not suitable for all investors. Before investing, consider your investment objectives and applicable fees. The rate of return on investments can vary widely over time, especially for long term investments. Investment losses are possible, including the potential loss of all amounts invested. Information provided by Enhanced Investments is for informational and general educational purposes only and is not investment or financial advice.

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Performance results were prepared by Enhanced Investments, and have not been compiled, reviewed or audited by an independent accountant. Performance estimates are subject to future adjustment and revision. Investors should be aware that a loss of investment is possible. Account holdings are for illustrative purposes only and are not investment recommendations. Additional information, including (i) the calculation methodology; and (ii) a list showing the contribution of each holding to the portfolio’s performance during the time period will be provided upon request.
All statements made via social media sites sponsored or maintained by Enhanced Investments and its affiliates are for informational purposes only and do not constitute a comprehensive description of Enhanced Investments' investment advisory services.
Certain investments are not suitable for all investors. Before investing, consider your investment objectives and applicable fees. The rate of return on investments can vary widely over time, especially for long term investments. Investment losses are possible, including the potential loss of all amounts invested. Information provided by Enhanced Investments is for informational and general educational purposes only and is not investment or financial advice.