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Distribution Finalisation Announcement Period Ended 31 December 2022 - SYGT40
The Sygnia Itrix Collective Investment Scheme
Sygnia Itrix TOP 40 ETF
JSE code: SYGT40
ISIN: ZAE000251351
(“SYGT40”)
A portfolio in the Sygnia Itrix Collective Investment Scheme in Securities, registered as such in terms of the Collective Investment Schemes
Control Act, 45 of 2002.
DISTRIBUTION FINALISATION ANNOUNCEMENT PERIOD ENDED 31 DECEMBER 2022 – SYGT40
The Manager and Trustees of the Sygnia Itrix Collective Investment Scheme (being Sygnia Itrix (RF) (Pty) Limited and Standard
Bank of South Africa Limited), respectively, have declared a distribution to holders of SYGT40 securities ("investors") recorded in the
register on Friday, 13 January 2023 in respect of the period ended 31 December 2022.
An aggregated amount of 136.25086 ZAR cents (R 1.36251) per SYGT40 security is declared as follows:
Dividend (64N > Dividend (64N >
Dividend Dividend *Interest REIT Total
Alpha Code: SYGT40 DTA) DTA)
Foreign SA
Distribution Source type Local Listed Foreign SA Listed Foreign SA Listed Local Local
Net Distribution Reinvested No No No No No No
Source of Funds (Country
Code) ZA Table 1 Switzerland Netherlands ZA ZA
Subject to Foreign
Withholding tax No No Yes Yes No No
Gross Foreign Rate (cents
per unit) 5.98125 29.62533 1.86747
Foreign Tax % withheld at
source 0.00% 35.00% 15.00%
Foreign Tax amount per unit 10.36887 0.28012
DTA with Source Country 15.00% 10.00%
Foreign Tax Reclaim %
Portfolio/Management Cost 0.34716 0.02862
Interest Expense
Other costs 0.30178 0.02487
Gross ZA Distribution (Cents
per unit) 106.55623 5.98125 18.60752 1.53386 1.37939 2.19261 136.25086
***Applicable to non-exempt South African shareholders
Gross Local Rate (cents per 5.98125 28.97639 1.37939 2.19261
unit) 106.55623 1.81398
SA Withholding Tax % 20.00% 20.00% 5.00% 10.00% Note 1
SA Withholding Tax amount 21.31125 1.19625 1.44882 0.18140
per unit
Local Net Rate 85.24498 4.7850 17.15871 1.35246 1.37939 2.19261 112.11314
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 2.19261 and the net rate is 1.75408 cents per unit.
Notice is hereby given that the following dates are of importance in regard to the distribution for the period ended 31 December 2022 by the
ETF to holders of SYGT40 securities:
Last day to trade “cum” distribution: Tuesday, 10 January 2023
Securities trade “ex” distribution: Wednesday, 11 January 2023
Record date: Friday, 13 January 2023
Payment date: Monday, 16 January 2023
The distribution will be paid on Monday, 16 January 2023 to all securities holders recorded in the register on Friday, 13 January 2023.
Table 1
Country ISO Code Split DTA Rate
United Kingdom GB 89.57% 10%
Luxembourg LU 10.43% 15%
***South African tax: 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 (“CDSP”) 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, to arrange for the abovementioned documents to be submitted prior to payment
of the distribution, if such documents have not already been submitted.
*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.
05 January 2023
Manager
Sygnia Itrix (RF) (Proprietary) Limited
Trustee
The Standard Bank of South Africa Limited
JSE Sponsor
Vunani Capital Sponsors
Date: 06-01-2023 07:05:00
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