CoreShares Index Tracker Managers (RF) Proprietary Limited
Coreshares SciBeta Multifactor 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 referred to the Distribution Announcement released on SENS on 8
April 2021 and advised of the updated distribution that will be made in respect of the three
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 31.52000 cents per security is declared.
The nature and source of the distribution is explained in the following table:
Distribution Subject to Distribution
Dividend/I (Cents per Withholding Withholding (Cents per
nterest Foreign/ Local unit) tax Yes/ No Tax (%) unit)
Dividend Local 15,25000 Yes 20 12,20000
Dividend Foreign Dual 14,70000 Yes 20 11,76000
Dividend Foreign Tax Rebate 1,29000 No 1,29000
Interest Local 0,28000 No 0,28000
TOTAL 31,52000 25,53000
Source of foreign taxable dividends
Great Britain 80,99%
Isle of Man 13,55%
Source of foreign rebates
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
a) a declaration that the dividend is subject to a reduced rate because of the application of a DTA;
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: 13 April 2021
Sponsor : Grindrod Bank Limited
Date: 13-04-2021 05:02:00
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