Index Arbitrage with dividends

A stock index is at 443.35. A futures contract on the index expires in 201 days. The future price of the contract is 458.50. The risk-free interest rate is 6.50%. Value of the dividends reinvested over the life of the futures is 5.0.

a) Show that the futures contract is mispriced.

This part was easy, the value I calculated was 453.99.

b) Show how an arbitrageur can take advantage of this mispricing.

So I know the contract is clearly overpriced. So the actions to take should be:

Short the futures contract

Buy the underlying index

Borrow at 6.50%

I am not sure what to do with dividends at the expiry of the contract??? Do I receive them or pay them over?