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SATRIX COLLECTIVE INVESTMENT SCHEME - Distribution Finalisation Announcement - Quarter Ended 30 June 2019 - STXRES

Release Date: 11/07/2019 17:33
Code(s): STXRES     PDF:  
 
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Distribution Finalisation Announcement - Quarter Ended 30 June 2019 - STXRES

SATRIX COLLECTIVE INVESTMENT SCHEME
SATRIX RESI PORTFOLIO
JSE Code: STXRES
ISIN: ZAE000078622
("Satrix Resi")

A portfolio in the Satrix Collective Investment Scheme in Securities, registered as such in terms of the Collective
Investment Schemes Control Act, 45 of 2002.

DISTRIBUTION FINALISATION ANNOUNCEMENT QUARTER END 30 JUNE 2019

The Manager and Trustees of the Satrix Collective Investment Scheme (being Satrix Managers (RF) (Pty) Limited and
Standard Chartered Bank), respectively, have declared a distribution to holders of Satrix Resi securities("investors")
recorded in the register on Friday, 19 July 2019 in respect of the quarter ended 30 June 2019.

An aggregate amount of 34.96000 cents (R0.34960) per Satrix Resi security constituted as follows:

    Alpha       Dividend/     Foreign        Source            Gross          Subject    Withholding        Net
    code         Interest     / Local          of           Distribution         to        Tax (%)     Distribution
                                             funds           (Cents per      Withholdi                  (Cents per
                                                               unit)           ng tax                      unit)
                                                                              Yes/ No
 STXRES         Dividend       Local                          6.52444            Yes            20       5.21955
                Dividend      Foreign         UK              27.89810          Yes             20       22.31848
                                Dual
                Interest       Local                           0.53746          No                        0.53746
                                                              34.96000                                   28.07549

Notice is hereby given that the following dates are of importance in regard to the distribution for the quarter ended
June 2019 by the ETF to holders of Satrix 40 securities:

Last day to trade “cum” distribution:              Tuesday, 16 July 2019
Securities trade “ex” distribution:                Wednesday, 17 July 2019
Record date:                                       Friday, 19 July 2019
Payment date:                                      Wednesday, 24 July 2019
The distribution will be paid on Wednesday, 24 July 2019 to all securities holders recorded in the register on Friday, 19
July 2019.


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.

 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, as the case may be 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, as the case may be, 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, as the case may be, to arrange for the abovementioned documents to be submitted prior to
 payment of the distribution, if such documents have not already been submitted.
 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, as the case may be 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, as the case may be, 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, as the case may be, 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.



Sandton

11 July 2019

Sponsor:
Vunani Corporate Finance

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