Satrix Dividend Plus Streamlines Portfolio, Delists 23 Million Securities in Pursuit of Operational Efficiency

Satrix
  • Satrix Dividend Plus Portfolio delists 23 million securities from the JSE following redemption of 23 STXDIV baskets.
  • The delisting aims to streamline Satrix’s investment offering and optimize operational efficiency.
  • Vunani Sponsors, acting as the JSE Sponsor, ensures compliance and facilitates a smooth transition.

In a strategic move aimed at optimizing its investment offerings, Satrix Collective Investment Scheme has announced the partial delisting of 23 million securities from its highly popular Satrix Dividend Plus Portfolio. The delisting follows the redemption of 23 STXDIV baskets and will come into effect immediately, as confirmed by the Johannesburg Stock Exchange (JSE).

Satrix Dividend Plus, a registered portfolio operating under the Satrix Collective Investment Scheme in compliance with the Collective Investment Schemes Control Act, 45 of 2002, has taken this step as part of its ongoing efforts to enhance the investment experience for its clients.

By delisting the 23 million STXDIV securities, Satrix aims to streamline its investment portfolio and optimize operational efficiency. This move is expected to have a positive impact on the liquidity and overall market stability of the Satrix Dividend Plus Portfolio.

The JSE Sponsor overseeing the delisting process is Vunani Sponsors, a highly reputable financial institution renowned for its expertise in corporate finance and JSE sponsorships. Vunani Sponsors ensured that the delisting complied with all necessary regulatory requirements, facilitating a smooth transition for investors.

Following the partial delisting, the total number of STXDIV securities in circulation will be 649,389,818. Satrix Dividend Plus investors and stakeholders can rest assured that the remaining securities will continue to be traded as before, unaffected by this adjustment.

The delisting of the 23 million securities is a testament to Satrix’s commitment to refining its investment offerings and catering to the evolving needs of its clients. By focusing on delivering high-quality investment opportunities, Satrix aims to empower investors through accessible and diversified options.

As Satrix continues to adapt to market dynamics, clients can expect further updates and developments aligned with the company’s mission of providing outstanding investment solutions.

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