MCETNC MCETNQ – Receipt of dividend payment and update of net asset value – SENS


MCETNC MCETNQ – 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: MCETNC ISIN: ZAE000291175
Alpha code: MCETNQ ISIN: ZAE000291167


Holders of the MCETNC and MCETNQ exchange-traded notes (ETNs) are advised that on Friday, 16
September 2022, McDonalds Corporation paid a dividend of $1.38 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 Friday, 16 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 $1.38/share
Effective tax rate 15%
Reinvestment amount $1.173/share
Reinvestment price $254.91/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:

19 September 2022

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

Date: 19-09-2022 11:35:00
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