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FIRSTRAND BANK LIMITED - MSETNC MSETCN MSETNQ - Receipt of Dividend Payment and Update to the Net Asset Value

Release Date: 13/09/2024 12:10
Code(s): MSETNC MSETNQ     PDF:  
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MSETNC MSETCN MSETNQ - 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
JSE alpha code: MSETNC            ISIN: ZAE000291142
NSX alpha code: MSETCN            ISIN: ZAE000291142
JSE alpha code: MSETNQ            ISIN: ZAE000291308
(FRB)

RECEIPT OF DIVIDEND PAYMENT AND UPDATE TO THE NET ASSET VALUE

Holders of the MSETNC, MSETCN and MSETNQ exchange-traded notes (ETNs) are advised that on
Thursday, 12 September 2024, Microsoft Corporation paid a dividend of $0.75 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, 12 September 2024. 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           $0.75/share
Effective tax rate        15%
Reinvestment amount       $0.6375/share
Reinvestment price        $427.00/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/


13 September 2024

JSE debt sponsor
Rand Merchant Bank (a division of FirstRand Bank Limited)

NSX sponsor
Cirrus Securities (Pty) Ltd

Date: 13-09-2024 12:10:00
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