CoreShares Index Tracker Managers (RF) Proprietary Limited
Coreshares S&P 500 ETF
A portfolio in the CoreShares Index Tracker Collective Investment Scheme registered as such
in terms of the Collective Investment Schemes Control Act, 45 of 2002, managed by
CoreShares Index Tracker Managers (RF) Proprietary Limited.
Holders of the security are advised that a distribution will be made in respect of the six
months ended 31 March 2021
The following dates are of importance with regards to the distribution
Last day to trade cum distribution: Tuesday, 13 April 2021
Ex-date: Wednesday, 14 April 2021
Record date: Friday, 16 April 2021
Payment date: Monday, 19 April 2021
An aggregated amount of 26.75000 cents per security is declared.
The nature and source of the distribution is explained in the following table:
Gross Subject to Distribution
Dividend/I Distribution Withholding tax Withholding (Cents per
nterest Foreign/ Local (Cents per unit) Yes/ No Tax (%) unit)
Dividend Foreign 26,68000 No 26,68000
Interest Local 0,07000 No 0,07000
TOTAL 26,75000 26,75000
Foreign Dividend Calculation
Gross Foreign Dividend 26,68000
Net Foreign Dividend 26,68000
Source of foreign non-taxable dividends
Great Britain 100,00%
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 Central Securities Depository Participant (CSDP) or broker with the following:
a) a declaration that the distribution is exempt from dividends tax; and
b) a written undertaking to inform their CSDP or broker, 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, to arrange for the abovementioned
documents to be submitted prior to payment of the distribution, if such documents have not
already been submitted.
Withholding Tax on Interest (WTI) came into effect on 1 March 2015.
Investors are advised that to the extent that the distribution amount comprises 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.
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 20%, 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 in respect
of its participatory interest:
a) a declaration that the dividend is subject to a reduced rate because of the application of a
b) a written undertaking to inform the CSDP or broker 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 to arrange for the abovementioned documents to be
submitted prior to the payment of the distribution if such documents have not already been
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.
Date of announcement: 08 April 2021
Sponsor : Grindrod Bank Limited
Date: 08-04-2021 05:00:00
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