EGETNC EGETNQ – Receipt of the dividend payment and update of the net asset value – SENS

0
                            

EGETNC EGETNQ – 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
LEI: ZAYQDKTCATIXF9OQY690
Alpha code: EGETNC ISIN: ZAE000300380
Alpha code: EGETNQ ISIN: ZAE000300398
(FRB)

RECEIPT OF DIVIDEND PAYMENT AND UPDATE TO THE NET ASSET VALUE

Holders of the EGETNC and EGETNQ exchange-traded notes (ETNs) are advised that on Wednesday,
25 May 2022, iShares Global Clean Energy UCITS ETF paid a dividend of $0.031 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, 25 May 2022. 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 $0.031/share
Effective tax rate 15%
Reinvestment amount $0.02635/share
Reinvestment price $10.75/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:
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/

26 May 2022

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

Date: 26-05-2022 04:28:00
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.


Source link

Share.

Comments are closed.