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Distribution finalisation announcement quarter end 28 June 2024
Prescient Management Company (RF) (Pty) Ltd
(Registration number 2002/022560/07)
("Prescient" or "the Manager")
(Being the manager of the Prescient Collective Investment Scheme in ETF Securities)
REITWAY GLOBAL PROPERTY ESG PRESCIENT ETF ("RWESG")
(a portfolio under the Prescient Collective Investment Scheme in ETF Securities ("RWESG ETF") is registered in
the Republic of South Africa in terms of the Collective Investment Schemes Control Act, 45 of 2002 ("CISCA"))
Share Code: RWESG
Short Name: RWESGPROP
ISIN: ZAE000322194
DISTRIBUTION FINALISATION ANNOUNCEMENT QUARTER END 28 JUNE 2024
The Manager and Trustees of the Prescient Collective Investment Scheme in ETF Securities (being Prescient
Management Company (RF) (Pty) Ltd and Standard Bank), respectively, have declared a distribution to holders of
RWESG securities ('investors') recorded in the register on Friday, 12 July 2024 in respect of the quarter ended 28
June 2024.
An aggregate amount of 5.81021 cents (R0.05810) per RWESG security is declared as follows:
RWESG Dividend Interest Interest TOTAL
Distribution Source type Foreign Not SA listed Local Foreign
Net Distribution Reinvested No No No
Source of Funds (Country Code) Table 1 ZA US
Subject to Foreign Withholding tax Yes No No
Gross Foreign Rate (cents per unit) 7.76911 0.06067
Foreign Tax % withheld at source 26.10042%
Foreign Tax amount per unit 2.02777
DTA with Source Country
Foreign Tax Reclaim %
Portfolio/Management Cost
Interest Expense
Other expense
Gross ZA Distribution (Cents per unit) 5.74134 0.00820 0.06067 5.81021
Applicable to non-exempt South African shareholders:
Gross Local Rate (cents per unit) 5.74134 0.00820 0.06067
SA Withholding Tax %
SA Withholding Tax amount per unit
Local Net Rate 5.74134 0.00820 0.06067 5.81021
Table 1
Country ISO Code Split Foreign Tax % witheld
United States US 80.60% 30.00%
United Kingdom GB 2.85% 19.58%
Japan JP 8.89% 15.32%
Germany DE 7.65% 0.00%
Notice is hereby given that the following dates are of importance in regard to the distribution for the quarter ended
28 June 2024 by the ETF to holders of RWESG securities:
Declaration Date Thursday, 04 July 2024
Last day to trade "cum" distribution: Tuesday, 09 July 2024
Securities trade "ex" distribution: Wednesday, 10 July 2024
Record date: Friday, 12 July 2024
Payment date: Monday, 15 July 2024
The distribution will be paid on Monday, 15 July 2024 to all securities holders recorded in the register on Friday, 12
July 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.
Johannesburg
04 July 2024
Listing Advisor
Prescient Structured Product Advisory (Pty) Ltd
Date: 04-07-2024 10:15:00
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