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NEWFUNDS COLLECTIVE INVESTMENT SCHEME - Interest Distribution And Re-Investment Announcement For The Month Ended 31 March 2022 - NFTRCI

Release Date: 14/04/2022 15:00
Code(s): NFTRCI     PDF:  
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Interest Distribution And Re-Investment Announcement For The Month Ended 31 March 2022 - NFTRCI

Share code: NFTRCI
ISIN: ZAE000162251

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 MARCH 2022

NewFunds has today finalised a distribution to holders of NewFunds TRACI ETF securities recorded as
such in the register on Friday, 29 April 2022, for the month ended 31 March 2022 as follows:

 Alpha Code: NFTRCI                                    *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)                   28.68000

 Gross Local Rate (cents per unit)                        28.68000

 SA Withholding Tax %

 SA Withholding Tax amount per unit

 Local Net Rate                                           28.68000

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                               Thursday, 14 April 2022

 Last day to trade                                          Monday, 25 April 2022

 Securities trading ‘ex’ distribution                       Tuesday, 26 April 2022

 Record date                                                Friday, 29 April 2022

 Payment date                                               Tuesday, 03 May 2022

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
 NFTRCI                                 8,316,726                           9397128175

14 April 2022

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Date: 14-04-2022 03:00:00
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