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Distribution Finalisation Announcement Year Ended 31 March 2025 -AQUA
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)
Numoro AQUA Global Multi-Asset Prescient Actively Managed ETF ("AQUA")
(being a portfolio under the Prescient ETF Scheme registered in the Republic of South Africa in terms of the Collective
Investment Schemes Control Act, 45 of 2002 ("CISCA"))
Share Code: AQUA
Short Name: NAQUAMETF
ISIN: ZAE000328415
DISTRIBUTION FINALISATION ANNOUNCEMENT YEAR ENDED 31 MARCH 2025
The Manager and Trustees of the Prescient ETF Scheme (being Prescient Management Company (RF) (Pty) Ltd
and Standard Bank), respectively, have declared a distribution to holders of AQUA securities ('investors') recorded
in the register on Friday, 11 April 2025 in respect of the year ended 31 March 2025.
An aggregate amount of 11.48700 cents (R0.1148700) per AQUA security is declared as follows:
AQUA Dividend Dividend Tax Reclaim Interest Interest TOTAL
Foreign Not Foreign Not Foreign Not
Distribution Source type SA listed SA listed SA listed Local Foreign
Net Distribution Reinvested No No No No No
Source of Funds (Country Code) GB US US ZA US
Subject to Foreign Withholding
tax No Yes No No No
Gross Foreign Rate (cents per
unit) 6.44221 2.16335 0.05268 0.55117
Foreign Tax % withheld at
source 15.04796%
Foreign Tax amount per unit 0.32554
DTA with Source Country 15% 15% 15%
Foreign Tax Reclaim % 0.04796%
Portfolio/Management Cost
Interest Expense
Other costs
Gross ZA Distribution (Cents per
unit) 6.44221 1.83781 0.05268 2.60313 0.55117 11.48700
Applicable to non-exempt South African shareholders:
Gross Local Rate (cents per
unit) 6.44221 1.83781 0.05268 2.60313 0.55117
SA Withholding Tax %
SA Withholding Tax amount per
unit
Local Net Rate 6.44221 1.83781 0.05268 2.60313 0.55117 11.48700
Notice is hereby given that the following dates are of importance with regards to the distribution for the month
ended 31 March 2025 by the AMETF to holders of AQUA securities:
Declaration Date Thursday, 03 April 2025
Last day to trade "cum" distribution: Tuesday, 08 April 2025
Securities trade "ex" distribution: Wednesday, 09April 2025
Record date: Friday, 11 April 2025
Payment date: Monday, 14 April 2025
The distribution will be paid on Monday, 14 April 2025 to all securities holders recorded in the register on Friday, 11
April 2025.
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.
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 April 2025
Listing Advisor
Prescient Structured Product Advisory (Pty) Ltd
Date: 03-04-2025 09:29:00
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