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CORESHARES INDEX TRACKER MANAGERS (RF) PROPRIETARY LIMITED - Distribution Announcement - CSP500

Release Date: 06/04/2022 10:30
Code(s): CSP500     PDF:  
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Distribution Announcement - CSP500

CoreShares Index Tracker Managers (RF) Proprietary Limited
Coreshares S&P 500 ETF
Share Code:CSP500
ISIN:ZAE000268694


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.

DISTRIBUTION ANNOUNCEMENT



Holders of the security are advised that a distribution will be made in respect of the six months ended 31 March 2022.

The following dates are of importance with regards to the distribution

Last day to trade cum distribution:                                                                  Monday, 11 April 2022
Ex-date:                                                                                            Tuesday, 12 April 2022
Record date:                                                                                       Thursday, 14 April 2022
Payment date:                                                                                       Tuesday, 19 April 2022

An aggregated amount of 29.33000 cents per security is declared.

CSP500                                   Dividend                Interest        Interest       TOTAL
Source                                   Foreign Not SA listed   Local           Foreign
Net Distribution Reinvested              No                      No              No
Source of Funds (Country Code)           GB                      ZA              US
Subject to Foreign Withholding tax       No                      No              No
Gross Foreign Rate (cents per unit)      29.21639                                - 0.00043
Foreign Tax % withheld at source          -
Foreign Tax amount per unit               -                      -               -
DTA with Source Country                   -                      -               -
Foreign Tax Reclaim %                     -                      -               -
Portfolio/Management Cost
Interest Expense
Other Costs
Gross ZA Distribution (Cents per unit)  29.21639                0.11404          - 0.00043       29.33000
                   Applicable to non-exempt South African Shareholders
Gross Local Rate (cents per unit)      29.21639                 0.11404          - 0.00043
SA Withholding Tax %                          -                 -                       -
SA Withholding Tax amount per unit                              -                       -               -
Local Net Rate                         29.21639                 0.11404          - 0.00043       29.33000

The nature and source of the distribution is explained in the following table:

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.

Distributions by Real Estate Investment Trusts (REITs) are subject to income tax for South African tax residents and for non-residents it is
subject to 20% SA withholding tax.
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.

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 DTA; and
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
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.

Date of announcement: 06 April 2022.

Sponsor : Grindrod Bank Limited

Date: 06-04-2022 10:30:00
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