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Distribution Announcement -GLODIV
CoreShares Index Tracker Managers (RF) Proprietary Limited
Coreshares Global Dividend ETF
Share Code:GLODIV
ISIN:ZAE000254249
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 six
months ended 30 June 2021.
The following dates are of importance with regards to the distribution
Last day to trade cum distribution: Tuesday, 13 July 2021
Ex-date: Wednesday, 14 July 2021
Record date: Friday, 16 July 2021
Payment date: Monday, 19 July 2021
An aggregated amount of 12.39000 cents per security is declared.
The nature and source of the distribution is explained in the following table:
Gross ZA Net
Distribution Subject to Distribution
Dividend/ (Cents per Withholding Withholding (Cents per
Interest Foreign/ Local unit) tax Yes/ No Tax (%) unit)
Dividend Foreign 12,33000 No 12,33000
Interest Local 0,06000 No 0,06000
TOTAL 12,39000 12,39000
Foreign Dividend Calculation
Gross Foreign Dividend 15,51000
Less: Foreign withholding tax held at source -3,18000
Net Foreign Dividend 12,33000
Source of foreign non-taxable dividends
Spain 0,55%
United States 46,36%
Great Britain 34,94%
Ireland 0,67%
Canada 3,37%
Jersey 1,65%
Switzerland 5,18%
Denmark 0,92%
Netherlands 0,38%
Belgium 0,34%
Sweden 0,45%
Germany 3,13%
France 1,03%
Norway 1,03%
100,00%
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.
Foreign dividends received are subject to normal tax and are exempt from SA dividends tax.
Date of announcement: 08 July 2021
Sponsor : Grindrod Bank Limited
Date: 08-07-2021 09:02:00
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