CoreShares DivTrax ETF Lists 100K Securities on JSE, Expands Investment Opportunities

  • CoreShares DivTrax ETF to list 100,000 securities on JSE
  • Securities to be issued at R21.32 per security
  • Total of 8,965,470 securities in circulation effective June 1, 2023

CoreShares Index Tracker Managers (RF) Proprietary Limited has revealed its plans to list 100,000 securities of the highly sought-after CoreShares DivTrax ETF (Exchange-Traded Fund) on the Johannesburg Stock Exchange (JSE). The securities will be available under the share code DIVTRX and ISIN ZAE000190104.

The CoreShares DivTrax ETF forms a crucial part of the CoreShares Index Tracker Collective Investment Scheme, which is registered under the Collective Investment Schemes Control Act, 45 of 2002, and overseen by CoreShares Index Tracker Managers (RF) Proprietary Limited.

Investors have been informed that each security will be issued at a price of R21.32. Upon listing, the total number of CoreShares DivTrax ETF securities in circulation will amount to 8,965,470, effective from Thursday, June 1, 2023.

The CoreShares DivTrax ETF is designed to mirror the performance of the Dividend Aristocrats Index, a collection of reputable dividend-paying companies listed on the JSE. By investing in this ETF, investors gain exposure to a diverse portfolio of stocks with a consistent history of paying dividends.

The listing of these securities presents a unique opportunity for investors to participate in the performance of the Dividend Aristocrats Index, renowned for its stability and potential for generating income. The CoreShares DivTrax ETF has garnered substantial popularity among both retail and institutional investors seeking investment options focused on income generation.

To ensure a seamless listing process, CoreShares has enlisted Grindrod Bank Limited as the corporate advisor and sponsor. Grindrod Bank, a reputable financial institution, possesses the necessary expertise in corporate advisory services and sponsorship of listings on the JSE.

The announcement of the listing of the CoreShares DivTrax ETF securities underscores the growing interest in dividend-focused investments among investors. With its consistent income generation and potential for capital appreciation, this ETF offers an appealing avenue for individuals aiming to strike a balance between regular income and long-term growth in their investment portfolios.

The listing of 100,000 CoreShares DivTrax ETF securities on the JSE is expected to enhance liquidity and accessibility for investors interested in this investment product. As the demand for income-focused investments continues to rise, the CoreShares DivTrax ETF seeks to cater to the evolving needs of investors by providing a reliable platform to participate in the performance of dividend-paying stocks.

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