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Distribution Finalisation Announcement 27FLCE AMETF
27four Collective Investments (RF) (Pty) Ltd ("the Manager")
(Registration number 2015/291620/07)
the 27four Collective Investment Scheme in ETF Securities ("the issuer")
27four Large Cap Equity AMETF
("the portfolio under the 27four Collective Investments Scheme in ETF Securities, registered as such in terms of the
Collective Investment Schemes Control Act, 45 of 2002")
Alpha/Share code: 27FLCE
Long Name: LCE Actively Managed ETF
Short name: LCEAMETF
ISIN: ZAE000336319
DISTRIBUTION FINALISATION ANNOUNCEMENT QUARTER END 30 SEPTEMBER 2024
The Manager and Trustees of the 27four Collective Investment Scheme in ETF Securities ( being 27four Collective
Investments (RF) (Pty) Ltd and Standard Bank), respectively, have declared a distribution to holders of 27FLCE
securities ('investors') recorded in the register on Friday, 11 October 2024 in respect of the quarter ended 30
September 2024.
An aggregate amount of 9.16999 cents (R0.0916999) per 27FLCE security is declared as follows:
Dividend
(64N >
27FLCE Dividend Dividend DTA) Interest TOTAL
Foreign SA Foreign SA
Distribution Source type Local Listed Listed Local
Net Distribution Reinvested No No No No
Source of Funds (Country Code) ZA Table 1 CH ZA
Subject to Foreign Withholding tax No No Yes No
Gross Foreign Rate (cents per unit) 2.46310 0.63103
Foreign Tax % withheld at source 35%
Foreign Tax amount per unit 0.22086
DTA with Source Country 15%
Foreign Tax Reclaim % 20%
Portfolio/Management Cost 0.01879
Interest Expense
Other expense
Gross ZA Distribution (Cents per
unit) 6.20718 2.46310 0.39138 0.10833 9.16999
Applicable to non-exempt South African shareholders:
Gross Local Rate (cents per unit) 6.20718 2.46310 0.61224 0.10833
SA Withholding Tax % 20% 20% 5%
SA Withholding Tax amount per
unit 1.24144 0.49262 0.03061
Local Net Rate 4.96574 1.97048 0.36077 0.10833 7.40532
Table 1
Country ISO Code Split Foreign Tax % witheld
United Kingdom GB 75.86% 0.00%
Australia AU 17.60% 0.00%
Luxembourg LU 6.54% 0.00%
Notice is hereby given that the following dates are of importance in regard to the distribution for the quarter ended
30 September 2024 by the AMETF to holders of 27FLCE securities:
Declaration Date Thursday, 03 October 2024
Last day to trade "cum" distribution: Tuesday, 08 October 2024
Securities trade "ex" distribution: Wednesday, 09 October 2024
Record date: Friday, 11 October 2024
Payment date: Monday, 14 October 2024
The distribution will be paid on Monday, 14 October 2024 to all securities holders recorded in the register on Friday,
11 October 2024.
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, 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, 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.
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.
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 as a result 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.
03 October 2024
Listing Advisor
Prescient Structured Product Advisory (Pty) Ltd
Date: 03-10-2024 11:35:00
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