Singapore, 14 November, 2003 - State Street Global Advisors Singapore Limited, manager of the streetTRACKS Straits Times Index Fund (streetTRACKS STI), today announced the Fund's dividend distribution of S$0.26 per share, net of 22% tax. The streetTRACKS STI is an exchange traded fund listed on the Singapore Exchange Securities Trading Limited.
The Ex. dividend date is 18 November 2003 and the record date is 20 November 2003. The distribution will be payable on 4 December 2003.
This is the second time this year that streetTRACKS STI has declared dividends. A distribution of S$0.26 per share net of 22% tax was also paid to investors on 7 July 2003.
Distributions to investors in respect of units registered in their names will be paid directly into their bank accounts or by cheque and sent by post to the investors' addresses registered with The Central Depository (Pte) Ltd.
The investment objective of streetTRACKS STI is to replicate as closely as possible the performance of the Straits Times Index. The Fund is included for investment under the CPF Investment Scheme - Ordinary Account. It is also approved as an Authorised Unit Trust under Section 83 of the Trustee's Act of Singapore.
About State Street Corporation
State Street Corporation (NYSE: STT) is the world's leading specialist in providing sophisticated global investors with investment servicing, investment management, research & analytics and trading services. With US$7.9 trillion in assets under custody and US$788 billion in assets under management, State Street is headquartered in Boston, Massachusetts and operates in 21 countries and over 100 markets worldwide. For more information, visit State Street's web site at www.statestreet.com.
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For more information, please contact:
Wang Sheau Yien
Marketing Manager
State Street Global Advisors Singapore
Tel: +65 6883 9510, Sheauyien_wang@ssga.com
Patsy Phay/ Chan Kwai Seng
Mileage Communications Pte Ltd
Tel: +65 6222 1678, patsy@mileage.com.sg/ kwaiseng@mileage.com.sg |
| The Prospectus in respect of the offer of the units (the "Units") in the streetTRACKS® Straits Times Index Fund (the "Fund") is available and may be obtained upon request, subject to availability, from State Street Global Advisors Singapore Limited ("SSgA"). Investors should read the Prospectus before deciding whether to acquire Units in the Fund. The value of Units and the income from them may fall as well as rise. Units in the Fund are not obligations of, deposits in, or guaranteed by, SSgA or any of its affiliates. An investment in Units is subject to investment risks, including the possible loss of the principal amount invested. Past performance figures are not necessarily indicative of future performance of the Fund.
Investors have no right to request SSgA to redeem their Units while the Units are listed. It is intended that holders of Units may only deal in their Units through trading on the Singapore Exchange Securities Trading Limited ("SGX-ST"). Listing of the Units on the SGX-ST does not guarantee a liquid market for the Units.
The streetTRACKS® Straits Times Index Fund (the "Fund") is not in any way sponsored, endorsed, sold or promoted by SPH Data Services Pte Ltd or Singapore Press Holdings Ltd (collectively "SPH") or FTSE International Limited ("FTSE"). SPH and FTSE make no warranties or representations whatsoever, either expressly or impliedly, either as to the results to be obtained from the Straits Times Index ("STI") and/or the figure at which the STI stands at any particular time on any particular day or otherwise. SPH and FTSE do not warrant or represent or guarantee to any broker or holder of any units in the Fund sold or marketed by State Street Global Advisors Singapore Limited or any member of the public as to the accuracy or completeness of the STI and its computation or any related information. No warranties, representations or guarantees of any kind are made in relation to the STI or the Fund by FTSE or SPH. The units in the Fund are not issued, endorsed, sold or promoted by FTSE or SPH and neither FTSE nor SPH bear any liability in connection with the administration, marketing or trading of the units in the Fund. The STI is calculated by FTSE and neither FTSE nor SPH accept any liability (whether in negligence or otherwise) towards any person for any error in the STI and shall not be under any obligation to advise any person of any error therein. The compilation or composition of the STI or the constituent stocks and factors may be altered or changed by FTSE without notice. All intellectual property rights in the STI vest in SPH.
Each of Singapore Exchange Securities Trading Limited, its subsidiaries, related corporations, and holding company, and their respective directors or employees, and any other party involved in, or related to, making or compiling the STI (together, the "Relevant Persons") makes no guarantee, warranty, representation or undertaking, express or implied, as to the accuracy, correctness, timeliness, completeness, originality, satisfactory quality, merchantability or fitness for any particular purpose of any of the values of the STI, the indicative optimum portfolio value of the Units, or any information or data included in or referable to such values. Investing in the Units involves risks, which in any case, are disclaimed by the Relevant Persons and described more fully in the Prospectus. The Units are also subject to the terms and conditions (and disclaimers by the Relevant Persons) set out in the Trust Deed constituting the Units. |
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