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RWDVF Distribution announcement
Prescient Management Company (RF) (Pty) Ltd
(Registration number 2002/022560/07)
(“Prescient” or “the Manager”)
(Being the manager of the Prescient Collective Investment Scheme in ETF Securities)
REITWAY GLOBAL PROPERTY DIVERSIFIED PRESCIENT ETF (“RWDVF”)
(a portfolio under the Prescient Collective Investment Scheme in ETF Securities (“RWDVF ETF”)
registered in the Republic of South Africa in terms of the Collective Investment Schemes Control Act, 45
of 2002 (“CISCA”))
Share Code: RWDVF
Short Name: RWGDVPROP
ISIN: ZAE000322186
DISTRIBUTION FINALISATION ANNOUNCEMENT QUARTER END 30 JUNE 2023
The Manager and Trustees of the Prescient Collective Investment Scheme in ETF Securities (being
Prescient Management Company (RF) (Pty) Ltd and Standard Bank), respectively, have declared a
distribution to holders of RWDVF securities ('investors') recorded in the register on Friday, 14 July 2023
in respect of the quarter ended 30 June 2023.
An aggregate amount of 2.82841 cents (R0.02828) per RWDVF security is declared as follows:
Alpha Code: RWDVF Dividend TOTAL
Distribution Source type Foreign Not SA listed
Net Distribution Reinvested No No
Source of Funds (Country Code) US
Subject to Foreign Withholding tax Yes
Gross Foreign Rate (cents per unit) 4.04067
Foreign Tax % withheld at source 30.00146%
Foreign Tax amount per unit 1.21226
DTA with Source Country 0 0
Foreign Tax Reclaim % 0 0
Portfolio/Management Cost
Interest Expense
Other expense
Gross ZA Distribution (Cents per unit) 2.82841 2.82841
Applicable to non-exempt South African shareholders:
Gross Local Rate (cents per unit) 2.82841
SA Withholding Tax % 0
SA Withholding Tax amount per unit 0
Local Net Rate 2.82841 2.82841
Notice is hereby given that the following dates are of importance in regard to the distribution for the
quarter ended 30 June 2023 by the ETF to holders of RWDVF securities:
Declaration Date Thursday, 6 July 2023
Last day to trade “cum” distribution: Tuesday, 11 July 2023
Securities trade “ex” distribution: Wednesday, 12 July 2023
Record date: Friday, 14 July 2023
Payment date: Monday, 17 July 2023
The distribution will be paid on Monday, 17 July 2023 to all securities holders recorded in the register on
Friday, 14 July 2023.
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, 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, 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.
Distributions by Real Estate Investment Trusts (REITs) are subject to income tax for South African tax
residents and for non-residents it is subject to 20% SA withholding 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 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.
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 as a result 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.
DATE/DOCUMENT TITLE 02
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.
Johannesburg
06 July 2023
Listing Advisor
Prescient Structured Product Advisory (Pty) Ltd
DATE/DOCUMENT TITLE 03
Date: 06-07-2023 10:30:00
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