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Distribution Finalisation Announcement 2 months ended 31 October 2023 - STXCAP
SATRIX COLLECTIVE INVESTMENT SCHEME
SATRIX CAPPED ALL SHARE ETF
JSE code: STXCAP
ISIN: ZAE000303905
("Satrix Cap")
A portfolio in the Satrix Collective Investment Scheme in Securities, registered as such in terms of the Collective Investment Schemes Control
Act, 45 of 2002.
DISTRIBUTION FINALISATION ANNOUNCEMENT 2 MONTHS ENDED 31 OCTOBER 2023
The Manager and Trustees of the Satrix Collective Investment Scheme (being Satrix Managers (RF) (Pty) Limited and Standard Chartered Bank),
respectively, have declared a distribution to holders of Satrix Cap securities ('investors') recorded in the register on Friday, 24 November 2023
in respect of the 2 months ended 31 October 2023.
An aggregate amount of 54.28000 cents (R0.54280) per Satrix Cap security is declared as follows:
Dividend Dividend
Alpha Code: STXCAP Dividend Dividend Dividend Dividend (64N =/< (64N > *Interest REIT Total
DTA) DTA)
Foreign Foreign Foreign Foreign SA Foreign SA
Distribution Source type Local SA Listed SA Listed SA Listed Listed Listed Local Local
Net Distribution Reinvested No No No No No No No No
Source of Funds (Country Code) ZA GB MU LU GB CH ZA ZA
Subject to Foreign Withholding tax No No No No Yes Yes No No
Gross Foreign Rate (cents per unit) 10.23848 0.16658 0.47991 0.06071 2.03076
Foreign Tax % withheld at source 20.00000% 35.00000%
Foreign Tax amount per unit 0.01214 0.71077
DTA with Source Country 15% 15%
Foreign Tax Reclaim % 5% 20%
Portfolio/Management Cost 0.00088 0.02398
Interest Expense
Other costs
Gross ZA Distribution (Cents per unit) 39.41744 10.23848 0.16658 0.47991 0.04769 1.29601 0.35556 2.27833 54.28000
**Applicable to non-exempt South African shareholders
Gross Local Rate (cents per unit) 39.41744 10.23848 0.16658 0.47991 0.05983 2.00678 0.35556 2.27833
SA Withholding Tax % 20.00% 20.00% 20.00% 20.00% 5.0000% 5.0000% Note 1
SA Withholding Tax amount per unit 7.88349 2.04770 0.03332 0.09598 0.00299 0.10034
Local Net Rate 31.53395 8.19078 0.13326 0.38393 0.04470 1.19567 0.35556 2.27833 44.11618
Note 1: 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. The Gross rate for non-residents is 2.27833 cents per unit and the net rate is 1.82266 cents per unit.
Notice is hereby given that the following dates are of importance in regard to the distribution for the 2 months ended 31 October 2023 by the
ETF to holders of Satrix Cap securities:
Last day to trade "cum" distribution: Tuesday, 21 November 2023
Securities trade "ex" distribution: Wednesday, 22 November 2023
Record date: Friday, 24 November 2023
Payment date: Monday, 27 November 2023
The distribution will be paid on Monday, 27 November 2023 to all securities holders recorded in the register on Friday, 24 November 2023.
*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.
**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, as the case may be 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, as the case may be, 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, as the case may be, to arrange for the abovementioned documents to be submitted prior to payment of the
distribution, if such documents have not already been submitted.
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, as the case may be 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, as the case may be, 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, as the case may be, 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.
Sandton
10 November 2023
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Date: 10-11-2023 10:10:00
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