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CORESHARES INDEX TRACKER MANAGERS (RF) PROPRIETARY LIMITED - Distribution Announcement

Release Date: 02/07/2020 13:00
Code(s): SMART     PDF:  
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Distribution Announcement

 CoreShares Index Tracker Managers (RF) Proprietary Limited
 Coreshares SciBeta Multifactor ETF
 Share code: SMART
 ISIN: ZAE000269502


A portfolio in the CoreShares Index Tracker Collective Investment Scheme registered as such in
terms of the Collective Investment Schemes Control Act, 45 of 2002, managed by CoreShares Index
Tracker Managers (RF) Proprietary Limited

DISTRIBUTION ANNOUNCEMENT

Holders of the security are advised that a distribution will be made in respect of the three months
ended 30 June 2020.

The following dates are of importance with regards to the distribution

 Last day to trade cum distribution:                                          Tuesday, 07 July 2020
 Ex-date:                                                                   Wednesday, 08 July 2020
 Record date:                                                                   Friday, 10 July 2020
 Payment date:                                                                Monday, 13 July 2020


An aggregated amount of 56.80000 cents per security is declared.

The nature and source of the distribution is explained in the following table:

 Dividend/Interest     Foreign/ Local     Gross             Subject to     Withholding    Net
                                       Distribution      Withholding         Tax (%)     Distribution
                                         (Cents per         tax Yes/                   (Cents
                                         unit)             No                           per unit)

 Dividend             Local                   46.42000 Yes                         20      37.13600
 Dividend             Foreign Dual             2.31000 Yes                         20       1.84800
 Dividend             Foreign Dual             1.78000 No                                   1.78000
                      (S64N rebate)
 Dividend             REIT                     5.17000 Yes                         20       4.13600
 Interest             Local                    1.12000 No                                   1.12000
 TOTAL                                        56.80000                                     46.02000


 Source of foreign taxable dividends
 Great Britain                                                                              100.00%


 Source of foreign non-taxable dividends (received from dual listed companies -
 S64N)
 Belgium                                                                                    100.00%


 Calculation of the non-taxable Net Foreign Dividend
 (S64N rebate)
 Gross dividend                                                                              2.54000
 Less: Foreign dividend withholding tax                                                     -0.76000
 Distributable non taxable dividend (S64N rebate)                                              1.78000


 Average dividend withholding tax rate, already withheld at source                              30.00%


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
Central Securities Depository Participant (“CSDP”) or broker with the following:

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.

Withholding Tax on Interest (WTI) came into effect on 1 March 2015.

Investors are advised that to the extent that the distribution amount comprises 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 because 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.

Date of announcement: 02 July 2020

Sponsor
Grindrod Bank Limited

Date: 02-07-2020 01:00:00
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