SATRIX COLLECTIVE INVESTMENT SCHEME - Distribution Finalisation Announcement Quarter End 30 September 2018-STXDIV

Release Date: 12/10/2018 11:30
Code(s): STXDIV
 
Wrap Text
Distribution Finalisation Announcement Quarter End 30 September 2018-STXDIV

 SATRIX COLLECTIVE INVESTMENT SCHEME
 SATRIX DIVIDEND PLUS PORTFOLIO
 JSE code: STXDIV
 ISIN: ZAE000102018
 ("Satrix Dividend Plus")

 A portfolio in the Satrix Collective Investment Scheme in Securities, registered as such in terms of the
 Collective Investment Schemes Control Act, 45 of 2002.

 DISTRIBUTION FINALISATION ANNOUNCEMENT QUARTER END 30 SEPTEMBER 2018

 The Manager and Trustees of the Satrix Collective Investment Scheme (being Satrix Managers (RF) (Pty)
 Limited and Standard Chartered Bank), respectively, have declared a distribution to holders of Satrix
 Dividend Plus securities("investors")recorded in the register on Friday, 19 October 2018 in respect of the
 quarter ended 30 September 2018.
 An aggregated amount of 3.90000 ZAR cents (R 0.03900) per Dividend Plus security is declared as follows:
  Alpha          Dividend/    Foreign     Source           Gross        Subject to     Withholding        Net
  code            Interest    / Local       of         Distribution     Withholding      Tax (%)     Distribution
                                           funds        (Cents per      tax Yes/ No                   (Cents per
                                                           unit)                                         unit)

STXDIV           Interest      Local                     0.02408              No                       0.02408
                 Dividend      Local                     2.91283             Yes              20       2.33026
                 Dividend     Foreign      UK            0.96309             Yes              20       0.77047
                                dual
                                                         3.90000                                       3.12481



 Notice is hereby given that the following dates are of importance in regard to the distribution for the
 quarter ended September 2018 by the ETF to holders of Satrix Dividend Plus securities:

 Last day to trade “cum” distribution:             Tuesday,16 October 2018
 Securities trade “ex” distribution:               Wednesday,17 October 2018
 Record date:                                      Friday,19 October 2018
 Payment date:                                     Wednesday, 24 October 2018
Withholding Tax on Interest (WTI) came into effect on 1 March 2015.

Interest accruing from a South African source to a non-resident, excluding a controlled foreign company,
will be subject to withholding tax at a rate of 15% on payment, except interest,

 • arising on any Government debt instrument
 • arising on any listed debt instrument
 • arising on any debt owed by a bank or the South African Reserve Bank
 • arising from a bill of exchange or letter of credit where goods are imported into South Africa and
 where an authorized dealer has certified such on the instrument
 • payable by a headquarter company
 • accruing to a non-resident natural person who was physically present in South Africa for a period
 exceeding 183 days in aggregate, during that year, or carried on a business through a permanent
 establishment in South Africa

Investors are advised that to the extent that the distribution amount comprise of any interest, it will
not be subject to WTI by virtue of the fact that it is listed debt instruments and/or bank debt.

 No dividend withholding tax will be deducted from dividends payable to a South African tax resident
 qualifying for exemption from dividend withholding tax provided that the investor has provided the
 following forms to their Central Securities Depository Participant (“CSDP”) or broker, as the case may
 be in respect of its participatory interest:
 a) a declaration that the distribution is exempt from dividends tax; and
 b) a written undertaking to inform their CSDP or broker, as the case may be, should the circumstances
 affecting the exemption change or the beneficial owner cease to be the beneficial owner,
 both in the form prescribed by the South African Revenue Service. South African tax resident investors
 are advised to contact their CSDP or broker, as the case may be, to arrange for the abovementioned
 documents to be submitted prior to payment of the distribution, if such documents have not already been
 submitted.

 Non-resident investors for South African income tax purposes
 The dividend distribution received by non-resident investors will be exempt from income tax in terms of
 section 10(1)(k)(i) of the Act, but will be subject to dividend withholding tax. Dividend withholding
 tax is levied at a rate of 15%, unless the rate is reduced in terms of any applicable agreement for the
 avoidance of double taxation (“DTA”) between South Africa and the country of residence of the non-
 resident investor.
 A reduced dividend withholding rate in terms of the applicable DTA may only be relied on if the non-
 resident investor has provided the following forms to their CSDP or broker, as the case may be in
 respect of its participatory interest:
 a) a declaration that the dividend is subject to a reduced rate as a result of the application of a DTA;
 and
 b) a written undertaking to inform the CSDP or broker, as the case may be, should the circumstances
 affecting the reduced rate change or the beneficial owner cease to be the beneficial owner,
 both in the form prescribed by the South African Revenue Service. Non-resident investors are advised to
 contact their CSDP or broker, as the case may be, to arrange for the abovementioned documents to be
 submitted prior to the payment of the distribution if such documents have not already been submitted.

 Both resident and non-resident investors are encouraged to consult their professional advisors should
 they be in any doubt as to the appropriate action to take.



Sandton

12 October 2018

Sponsor:
Vunani Corporate Finance

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