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Distribution Finalisation Announcement Quarter End 30 September 2018-STX40
SATRIX COLLECTIVE INVESTMENT SCHEME
SATRIX 40 PORTFOLIO
JSE code: STX40
ISIN code: ZAE000027108
("Satrix 40")
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 40
securities("investors")recorded in the register on Friday, 19 October 2018 in respect of the quarter ended 30 September
2018.
An aggregate amount of 61.66000 cents (R0.61660) per Satrix 40 security constituted as follows:
Alpha Dividend/ Foreign Source Gross Subject Withholding Net
code Interest / Local of Distribution to Tax (%) Distribution
funds (Cents per Withholdi (Cents per
unit) ng tax unit)
Yes/ No
STX40 Dividend Local 26.12151 Yes 20 20.89721
Dividend Foreign UK 24.90022 Yes 20 19.92018
Dual
Dividend REIT 2.48814 Yes 20 1.99051
Dividend Foreign CHF 7.92049 No 7.92049
(S64N)
Interest Local 0.22278 No 0.22278
Dividend Manufactured 0.00686 No 0.00686
61.66000 50.95803
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 40 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
The distribution will be paid on Wednesday, 24 October 2018 to all securities holders recorded in the register on Friday,
19 October 2018.
1 NET FOREIGN DIVIDEND NOT TAXED (S64N rebate)
Gross dividend 12.47603
Foreign Dividends withholding tax (4.36661)
8.10942
Less portfolio costs (0.18893)
Distributable dividend 7.92049
SA Dividend withholding tax
Gross dividend 12.47603
Less portfolio costs (0.18893)
12.28710
SA DWT 2.45742
SA tax 2.45742 cents (20%) will not be deducted as foreign dividend
withholding tax has already been deducted (SECTION 64N).
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
Date: 12/10/2018 11:30:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE').
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