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ASHWGB - Distribution Finalisation Announcement
Ashburton Management Company RF Proprietary Limited
Ashburton World Government Bond ETF
A portfolio in the Ashburton Collective Investment Scheme in Securities Exchange Traded Funds (“the
portfolio”) registered in terms of the Collective Investment Schemes Control Act, 45 of 2002
Share Code: ASHWGB
ISIN: ZAE000254413
DISTRIBUTION FINALISATION ANNOUNCEMENT
The manager and trustees (namely Ashburton Management Company RF Proprietary Limited and
Standard Chartered Bank) have resolved to make a quarterly distribution to the holders of the Ashburton
World Government Bond ETF securities for the quarter ended 30 April 2021.
The aggregate distribution will amount to 2.98689 cents per Ashburton World Government Bond ETF
security and is constituted as follows:
Subject to Foreign Net
Gross Local Withholding Distribution
Alpha Foreign/ Distribution Withholding Tax held at (Cents per
code Dividend/Interest Local (Cents per tax source (Cents unit)
unit) Yes/ No per unit)
ASHWGB Interest Local 0.08437 No 0.00000 0.08437
Interest Foreign 2.90252 No 0.00000 2.90252
2.98689 0.00000 2.98689
*Source of funds: Sovereign bonds coupons which are constituents of the FTSE World Government Bond Index
Notice is hereby given that the following dates are of importance regarding the distribution for the quarter
ended 30 April 2021 to the holders of the Ashburton World Government Bond ETF securities:
Last day to trade “cum” distribution: Tuesday, 18 May 2021
Securities trade “ex” distribution: Wednesday, 19 May 2021
Record date: Friday, 21 May 2021
Payment date: Monday, 24 May 2021
Creations or redemptions from the fund will not be allowed during the period from 18 May 2021 to
21 May 2021 both days inclusive.
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 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.
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.
There are 17,134,683 Ashburton World Government Bond ETF securities in issue. The total distribution
amount payable is R 511,794.33.
Ashburton World Government Bond ETF Income Tax number is 2037/954/17/5.
A copy of the ETF issue document can be found at:
https://www.ashburtoninvestments.com/za/individual-investor/fund/ashburton-world-government-
bond-etf/zae000254413
12 May 2021
Johannesburg
Debt Sponsor
RAND MERCHANT BANK (A division of FirstRand Bank Limited)
Date: 12-05-2021 10:52:00
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