JPETNC JPETNQ – Receipt of the dividend payment and update of the net asset value – SENS




JPETNC JPETNQ – 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: JPETNC ISIN: ZAE000293445
Alpha code: JPETNQ ISIN: ZAE000293593


Holders of the JPETNC and JPETNQ exchange-traded notes (ETNs) are advised that on Monday, 31
October 2022, JP Morgan Chase & Co paid a dividend of $1 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 Monday, 31 October 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 $1/share
Effective tax rate 15%
Reinvestment amount $0.85/share
Reinvestment price $125.88/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:

01 November 2022

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

Date: 01-11-2022 03:59:00
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