GSETNC GSETNQ – Receipt of dividend payment and update of the net asset value – SENS




GSETNC GSETNQ – 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: GSETNC ISIN: ZAE000293569
Alpha code: GSETNQ ISIN: ZAE000293577


Holders of the GSETNC and GSETNQ exchange-traded notes (ETNs) are advised that on Thursday,
29 September 2022, Goldman Sachs Group Inc paid a dividend of $2.50 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 Thursday, 29 September 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 $2.50/share
Effective tax rate 15%
Reinvestment amount $2.125/share
Reinvestment price $296.11/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:

30 September 2022

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

Date: 30-09-2022 12:55:00
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


Comments are closed.