To view the PDF file, sign up for a MySharenet subscription.

SATRIX COLLECTIVE INVESTMENT SCHEME - Distribution Finalisation Announcement Quarter End 30 June 2021 - STXQUA

Release Date: 09/07/2021 16:30
Code(s): STXQUA     PDF:  
Wrap Text
Distribution Finalisation Announcement Quarter End 30 June 2021 - STXQUA

SATRIX COLLECTIVE INVESTMENT SCHEME
SATRIX QUALITY PORTFOLIO
JSE Code: STXQUA
ISIN: ZAE000247987
("Satrix Quality")

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 2021

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 Quality securities ("investors") recorded
in the register on Friday, 16 July 2021 in respect of the quarter ended 30 June 2021.

An aggregate amount of 10.84000 cents (R0.108400) per Satrix Quality security constituted as follows:

  Alpha   Dividend/   Foreign/   Source of      Gross         Foreign           Amount     Subject to SA   SA Dividends     Net
  code    Interest     Local       funds     distribution   Withholding    available for   Dividends tax     Tax (%)    Distribution
                                              (Cents per     (Cents per     distribution      Yes/ No                    (Cents per
                                                unit)          unit)        (Cents per                                     unit)
                                                                               unit)
 STXQUA
          Dividend     Local                    10.07604             n/a       10.07604         Yes            20           8.06083


          Dividend    Foreign         UK         0.69574             n/a        0.69574         Yes            20           0.55659
                       (Dual)

          Interest     Local                     0.06822             n/a        0.06822         No             n/a          0.06822


                                                                               10.84000                                     8.68564

Notice is hereby given that the following dates are of importance in regard to the distribution for the quarter ended 30
June 2021 by the ETF to holders of Satrix Quality securities:

Last day to trade “cum” distribution:                 Tuesday, 13 July 2021
Securities trade “ex” distribution:                   Wednesday, 14 July 2021
Record date:                                          Friday, 16 July 2021
Payment date:                                         Wednesday, 21 July 2021

The distribution will be paid on Wednesday, 21 July 2021 to all securities holders recorded in the register on Friday, 16
July 2021.


Withholding Tax on Interest (WTI) came into effect on 1 June 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

9 July 2021

Sponsor:
Vunani Sponsors

Date: 09-07-2021 04:30:00
Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of
 the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct, 
indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on,
 information disseminated through SENS.

Share This Story