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FIRSTRAND BANK LIMITED - FDETNC FDETNQ - Receipt of Dividend Payment and update to the Net Asset Value

Release Date: 02/12/2021 16:20
Code(s): FDETNQ FDETNC     PDF:  
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FDETNC FDETNQ - 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: FDETNC                ISIN: ZAE000293551
Alpha code: FDETNQ                ISIN: ZAE000293544


Holders of the FDETNC and FDETNQ exchange-traded notes (ETNs) are advised that on Wednesday,
1 December 2021, Ford Motor Company paid a dividend of $0.1 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 Wednesday, 1 December 2021. 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

Dividend amount          $0.1 /share
Effective tax rate       15%
Reinvestment amount      $0.085 /share
Reinvestment price       $19.58 /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:

2 December 2021

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

Date: 02-12-2021 04:20:00
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