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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