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NEWFUNDS COLLECTIVE INVEST SCHEME - Interest Distribution And Re-Investment Announcement For The Month Ended 31 May 2019-NFILBI

Release Date: 12/06/2019 08:00
Code(s): NFILBI     PDF:  
Wrap Text
Interest Distribution And Re-Investment Announcement For The Month Ended 31 May 2019-NFILBI

Share code: NFILBI
ISIN: ZAE000162244

Portfolios in the NewFunds Collective Investment Scheme in Securities registered as such in terms of the
Collective Investment Schemes Control Act, 45 of 2002 and managed by NewFunds (RF) Proprietary
Limited (Registration Number 2005/034899/07) (“NewFunds”)

31 MAY 2019

NewFunds has today finalised a distribution to holders of NewFunds ILBI ETF securities recorded as such
in the register on Friday, 21 June 2019, for the month ended 31 May 2019 as follows:

 Cents per ETF security, comprising of Interest            16.0980

Investors are advised that the distribution amount will not comprise of any dividends, therefore no
dividend tax will be applicable to the distribution amount.

Holders of the ETF securities should note the following dates in relation to the distribution:
 Declaration and finalisation                             Wednesday, 12 June 2019

 Last day to trade                                        Tuesday, 18 June 2019

 Securities trading ‘ex’ distribution                     Wednesday, 19 June 2019

 Record date                                              Friday, 21 June 2019

 Payment date                                             Monday, 24 June 2019

In accordance with the investment policy of the ETFs, the distribution will be re-invested on behalf of
investors via the purchase by the ETF of additional Constituent Securities, or Index Constituents, (as
defined in the relevant Portfolio Supplement) in the appropriate weightings, thereby increasing the net asset
value of the ETF and, proportionately increasing the value of each ETF security.

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
authorised 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 Government debt, listed debt instruments and/or
bank debt.

Additional information:
                                   Number of securities in issue     Tax reference number
 NFILBI                            900,000                           9398125170

12 June 2019


Vunani Corporate Finance

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