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Delay Announcement in respect of the Amendments to the Investment Policy and the Name of CoreShares Preftrax ETF
CoreShares Index Tracker Managers (RF) Proprietary Limited
CoreShares Preftrax ETF
Share code: PREFTX
ISIN: ZAE000185658
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 (“CoreShares” / the “Manager”).
DELAY ANNOUNCEMENT IN RESPECT OF THE AMENDMENTS TO THE INVESTMENT POLICY AND
THE NAME OF THE CORESHARES PREFERENCE SHARE EXCHANGE TRADED FUND (THE
“CORESHARES PREFTRAX ETF” / THE “ETF”)
Investors are referred to the announcement released on SENS on 11 April 2023 in which it was announced
that the ballot conducted achieved the required a 25% quorum, that the majority of the investors who
responded to the ballot voted in favour and that the Amendments were successful.
Investors are further advised that CoreShares is not in a position to change the policy on 19 April 2022, the
effective date as outlined in the announcement dated 11 April 2023, as this would create an undue liquidity
event in the asset class which may result in unnecessary capital risk for investors. Coreshares have therefore
applied to the FSCA and the FSCA has approved the extension of the previous effective date of Wednesday,
19 April 2023 to Wednesday, 31 May 2023 to allow CoreShares the opportunity to sell out of the underlying
Portfolio in order to ensure the minimum impact on investors.
1.1 Extension of Commencement
The amendments will be effective from commencement of business on Wednesday, 31 May 2023.
Copies of the CoreShares Yield Selected Bond ETF Pricing Supplement, in English, may be obtained
during normal business hours from the office of the local manager, CoreShares Index Tracker Managers
(RF) Proprietary Limited, located at Grindrod Tower, 4th Floor, 8a Protea Place, Sandton, 2146 and is
available on the website: www.coreshares.co.za .
The extended salient dates in respect of the amendments are set out below:
Timeline for the implementation of the amendments 2023
Finalisation date announcement, by 11:00 Tuesday, 23 May
Last Day to Trade in the CoreShares Preftrax ETF Tuesday, 30 May
Termination of trading of CoreShares Preftrax ETF on the JSE Wednesday, 31 May
(Share Code: PREFTX; ISIN: ZAE000185658)
Commencement of trading in the CoreShares Yield Selected Wednesday, 31 May
Bond ETF on the JSE (Share Code: CSYSB; ISIN:
ZAE000318614)
Record Date Friday, 2 June
Accounts of dematerialised securities holders updated at their Monday, 5 June
CSDPs or brokers
The ETF will lose its track record (performance history).
2. NOTICES AND RESTRICTIONS
CoreShares Yield Selected Bond ETF participatory interests are not in any way sponsored, endorsed,
sold or promoted by the JSE and it does not make any warranty or representation whatsoever, expressly
or implied, either as to the basis of calculation of, or as to the results to be obtained from the use of the
South African Yield Selected Nominal Bond Index (“the Index”) and/or the value at which the said Index
stands at any particular time on any particular day or otherwise. The Index is compiled and calculated on
behalf of and on the instructions of CoreShares by S&P Dow Jones Indices. The S&P Dow Jones Indices
shall not be liable (whether in negligence or otherwise) to any person for any error in the Index and the
S&P Dow Jones Indices shall not be under any obligation to advise any person of any error therein.
The securities being issued pursuant to this supplement are not eligible for sale in the United States or in
any other jurisdiction in which trading in the securities would be illegal. The securities have not been, and
will not be, registered under the U.S. Securities Act of 1933, as amended, and the U.S. Commodity
Futures Trading Commission under the U.S. Commodity Exchange Act has not approved trading in the
securities. The securities may not be offered, sold or delivered within the United States or to U.S. persons,
nor may any U.S. person at any time trade or maintain a position in the securities.
17 April 2023
Corporate advisor and sponsor: Grindrod Bank Limited
Trustee: Nedbank Limited
Date: 17-04-2023 10:21:00
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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.
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