Wrap Text
DISTRIBUTION AND RE-INVESTMENT ANNOUNCEMENT FOR QUARTER ENDED 30 JUNE 2012
NEWFUNDS MAPPS GROWTH ETF PORTFOLIO
Share code: MAPPSG
ISIN: ZAE000153763
NEWFUNDS MAPPS PROTECT ETF PORTFOLIO
Share code: MAPPSP
ISIN: ZAE000153771
NEWFUNDS EQUITY MOMENTUM EXCHANGE TRADED FUND
PORTFOLIO
Share code: NFEMOM
ISIN: ZAE000162236
NEWFUNDS SWIX 40 EXCHANGE TRADED FUND PORTFOLIO
Share code: NFSWIX
ISIN: ZAE000163754
Portfolios in the NewFunds Collective Investment Scheme in Securities registered as
such in terms of the Collective Investment Schemes Control Act, 45 of 2002 and
managed by NewFunds Proprietary Limited
(Registration Number 2005/034899/07)
DISTRIBUTION AND RE-INVESTMENT ANNOUNCEMENT FOR QUARTER
ENDED 30 JUNE 2012
Further to the announcement published on SENS on Friday, 8 June 2012, holders of the above
ETF securities are advised that the ETF declares a gross distribution amount as shown below:
NFSWIX NFEMOM MAPPS Growth MAPPS Protect
(cents per units) (cents per units) (cents per units) (cents per units)
1. Gross Distribution
11 1 11 15
Amount
Comprising:
Interest : Local 0 0 2 6
Interest : Foreign 0 0 0 0
Dividend : Local1 5 0 5 5
Dividend :
1 0 1 1
Foreign1
Dividend : Local2 3 1 4 3
Dividend :
2 0 0 1
Foreign2
2. Dividends
Withholding Tax
Amount
Dividend : Local2 3 1 4 3
Dividend :
2 0 0 1
Foreign2
Total Dividend (Local
5 1 4 4
and Foreign)2
Less STC Credit
-0 -1
available -0 -0
Total Dividend (Local
and Foreign)2 less STC 5 0 4 4
credit available
Dividends Withholding
1 0 1 1
Tax (at a rate of 15%3)
3. Net Distribution
Amount
Gross Distribution
11 1 11 15
Amount
Dividends
Withholding Tax 1 0 1 1
Amount
Net Distribution
10 1 11 15
Amount
4. AMOUNT PAID TO
INVESTORS4
Non-exempt investors 0 0 0 0
(DWT applicable at
15%)
Exempt investors
1 0 1 1
(no DWT applicable)
Below is the final amount that will be paid to intermediaries (CSDP’s)and where DWT will be
applicable.
Amount paid
(post DWT only) to
5 1 4 4
intermediary
companies (CSDPs)_
The distribution will be paid on Tuesday, 24 July 2012 to all holders recorded on the
register on Friday, 29 June 2012.
1
Not subject to DWT as applicable to period before DWT was introduced.
2
Subject to DWT as applicable to period after DWT was introduced.
3
Investors should seek advice from their tax advisor on whether the tax and rate shown is applicable to them.
4
Investors qualifying for a reduced rate per Double Tax Agreement ("DTA") will receive, in cash, a distribution
amount of the applicable reduced DWT, provided they have completed and timeously lodged with the relevant
intermediary the prescribed declaration and undertaking form. Failure to do so will result in the dividends tax
being withheld in full.
EFFECT OF THE NEW DIVIDEND WITHHOLDING TAX ("DWT") ON
DISTRIBUTION AMOUNTS:
With effect from 1 April 2012, all local and certain foreign dividends will be subject
to DWT at a current rate of 15% except where an investor is exempt or qualifies for a
reduced rate of DWT. Even where a re-investment occurs, there is a notional
distribution to the investors which could result in the withholding of dividends tax to
the extent that the distribution comprises of dividends.
The ETF will declare a gross distribution to investors. The net distribution amount
(after the deduction of DWT at a current rate of 15%) will be re-invested in the ETF
on behalf of investors through the purchase of additional Constituent Securities (as
defined in the relevant Portfolio Supplement) in the appropriate weightings, thereby
increasing the net asset value of the ETF and, proportionately increasing the value of
each ETF security. As a consequence of reinvesting the net distribution amount (after
the deduction of DWT), the ETF will be tracking the relevant total return net-of-
dividend tax index.
The dividends tax amount withheld will be paid to the South African Revenue Service
in respect of investors that are not exempt from dividends tax. The payment of
dividends tax will be made by the relevant intermediary, being the Central Securities
Depository Participant ("CSDP") or Broker nominee company which is the final
regulated intermediary in terms of the Income Tax Act.
Investors exempt from DWT, or holders qualifying for a reduced rate per Double Tax
Agreement ("DTA") will receive, in cash, the amount equal to the applicable DWT,
provided they have completed and timeously lodged with their relevant intermediary
the prescribed declaration and undertaking form. Failure to do so will result in
dividends tax being withheld in full.
Investors wishing to reinvest the cash amount received may do so via their usual
investment process, the amount received will not be automatically reinvested.
Additional information:
Number of securities in issue Tax reference
number
NFEMOM 1,000,000 N/A
NFSWIX 1,000,000 N/A
MAPPSG 1,406,698 N/A
MAPPSP 1,108,764 N/A
19 July 2012
Sponsor
Absa Capital
(the investment banking division of Absa Bank Limited, affiliated with Barclays)
Date: 20/07/2012 07:59:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE').
The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of
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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