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RAFFIN; RAFIND; RAFRES; RAFISA; NEWFSA and NFSH40 - Distribution for quarter ended 31 March 2014
NEWFUNDS eRAFI(TM) SA FINANCIAL 15 INDEX ETF
Share code: RAFFIN
ISIN: ZAE000134979
NEWFUNDS eRAFI(TM) SA INDUSTRIAL 25 INDEX ETF
Share code: RAFIND
ISIN: ZAE000135182
NEWFUNDS NEWSA INDEX PORTFOLIO
Share code: NEWFSA
ISIN: ZAE000104055
NEWFUNDS eRAFI(TM) SA RESOURCE 20 INDEX ETF
Share code: RAFRES
ISIN: ZAE000135166
NEWFUNDS ERAFI(TM) OVERALL SA INDEX ETF
Share code: RAFISA
ISIN: ZAE000117149
NEWFUNDS SHARIAH TOP 40 INDEX ETF
Share code: NFSH40
ISIN: ZAE000130431
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 ANNOUNCEMENT FOR THE QUARTER ENDED 31 MARCH 2014
Further to the announcement published on Thursday, 10 April 2014, a distribution has been declared today, Thursday, 17 April 2014 to
holders of ETF securities ("investors") recorded in the register on Thursday, 17 April 2014, for the quarter ended 31 March 2014 as
follows:
Alpha code Dividend/ Foreign/ Gross Subject to *Withholding STC Net
Interest Local Distribution Withholding Tax (%) (Cents per unit) Distribution
(Cents per unit) tax (Cents per unit)
Yes/ No
NEWFSA Interest Local 0.03098 No 0.03098
Dividend Local 23.68578 Yes 15 0.78995 20.25141
Dividend Foreign (Other) 12.69854 Yes 15 10.79376
Dividend REITs** 0.73135 No 15 0.62165
37.14665 31.69780
NFSH40* Interest Local 0.00000 No 0.00000
Dividend Local 2.29228 Yes 15 0.01130 1.95013
Dividend Foreign (Other) 2.51335 Yes 15 2.13635
4.80563 4.08648
RAFFIN Interest Local 0.09713 No 0.09713
Dividend Local 40.63061 Yes 15 0.00095 34.53616
Dividend Foreign (Other) 0.00000 Yes 15 0.00000
Dividend REITs** 1.63908 No 15 1.39322
42.36682 36.02651
RAFIND Interest Local 0.17434 No 0.17434
Dividend Local 62.72036 Yes 15 0.00000 53.31231
Dividend Foreign (Other) 12.39150 Yes 15 10.53278
75.28620 64.01943
RAFRES Interest Local 0.04408 No 0.04408
Dividend Local 6.71207 Yes 15 0.05761 5.71390
Dividend Foreign (Other) 16.33551 Yes 15 13.88518
23.09166 19.64316
RAFISA Interest Local 0.10460 No 0.10460
Dividend Local 35.33688 Yes 15 0.00039 30.03641
Dividend Foreign (Other) 15.97209 Yes 15 13.57628
51.41357 43.71729
The distribution will be paid on Thursday, 24 April 2014 to all securities holders recorded on the register on Thursday, 17 April
2014.
*Holders of Shariah ETF securities (“investors”) are advised that the appropriate purification of dividends, through the donation of 5% of the
dividends to charity, needs to be effected by each investor. Absa Islamic Banking's Shari'ah Supervisory Board ("SSB") has provided the
following list of approved charitable institutions. The list is not exhaustive and it is therefore not obligatory to use one of the specified charities:
1. Al Furqaan Orphanage (Gauteng)
2. Gift of the Givers (RSA)
3. SANZAF (RSA)
4. Africa Muslims Agency (RSA)
5. Al-Imad Foundation
6. Muslim Hands (RSA)
7. Islamic Relief Agency (RSA)
8. Bait-ul-Khair (Gauteng)
9. TIBA Services for the Blind (Gauteng)
10. Beitun Nur Society for the Destitute, Grassy Park, Cape Town
11. Baitul Aman Home for Aged, Wynberg, Cape Town
12. Vision Child & Youth Care Home (http://www.visionchild.org.za)
13. IRFSA Shelter for Abused and Battered Women & Children (http://www.irfsa.com)
14. Mustadafin Foundation (www.mustadafin.com)
15. Islamic Social Welfare Association (ISWA)
16. Muslim Hospital Welfare Society
17. Nakhlistan (http://www.nakhlistan.org.za)
18. Habibia Children's Home
** South African tax resident investors
The dividend distribution received by South African tax residents must be included in their gross income and will not be exempt in terms of the ordinary dividend exemption in section 10(1)(k)(i) of the Income Tax Act No. 58 of 1962 (“the Act”) as a result of paragraph (aa) of the proviso thereto which provides that dividends distributed by a REIT are not exempt from income tax.
The dividends received by South African tax residents will, however, be exempt 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 15%, 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.
Additional information:
Number Tax
of securities reference
in issue number
RAFFIN 322,216 9181003188
RAFIND 250,814 9005418224
RAFISA 2,957,255 9180010184
RAFRES 265,944 9619247167
NEWFSA 1,272,724 9004206224
NFSH40 6,895,426 9403872162
17 April 2014
Sponsor
Absa Bank Limited (acting through its Corporate and Investment Banking division)
Date: 17/04/2014 09:02:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE').
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