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NEWFUNDS COLLECTIVE INVESTMENT SCHEME - Interest Distribution And Re-Investment Announcement For The Quarter Ended 30 September 2021

Release Date: 14/10/2021 08:45
Code(s): NFNAMB     PDF:  
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Interest Distribution And Re-Investment Announcement For The Quarter Ended 30 September 2021

ISIN: ZAE000276770

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”)


NewFunds has today finalised a distribution to holders of NewFunds S&P NAMIBIA BOND ETF securities
recorded as such in the register on Friday, 22 October 2021, for the quarter ended 30 September 2021 as

Alpha Code: NFNAMB                                 *Interest
Distribution Source type                               Local

Net Distribution Reinvested                             Yes

Source of Funds (Country Code)                           ZA

Subject to Foreign Withholding tax                       No

Gross Foreign Rate (cents per unit)

Foreign Tax % withheld at source

Foreign Tax amount per unit

DTA with Source Country

Foreign Tax Reclaim %

Portfolio/Management Cost

Interest Expense

Other costs

Gross ZA Distribution (Cents per unit)               38.70400

Gross Local Rate (cents per unit)                    38.70400

SA Withholding Tax %

SA Withholding Tax amount per unit

Local Net Rate                                       38.70400
Investors are advised that the distribution amount is net of permissible expenses and scrip
lending income. The distribution amount does 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                             Thursday, 14 October 2021

Last day to trade                                        Tuesday, 19 October 2021

Securities trading ‘ex’ distribution                     Wednesday, 20 October 2021

Record date                                              Friday, 22 October 2021

Payment date                                             Monday, 25 October 2021

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.

The distribution should:
- be added to the base cost of each ETF security for capital gains tax purposes; or
- where the ETF securities are held as trading stock be regarded as part of the cost of acquiring an ETF

Reinvestments into the portfolio still constitute a notional distribution even though it will not be paid in
cash. Consequently, it forms part of investors' gross income as it is subject to 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 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 is
not 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
NFNAMB                                 19,012,246                        -

14 October 2021

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Date: 14-10-2021 08:45:00
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