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NFSWIX; MAPPSG and MAPPSP - Distribution and re-investment for the quarter ended 30 September 2014
NEWFUNDS SWIX 40 EXCHANGE TRADED FUND PORTFOLIO
Share code: NFSWIX
ISIN: ZAE000163754
NEWFUNDS MAPPS PROTECT ETF PORTFOLIO
Share code: MAPPSP
ISIN: ZAE000153771
NEWFUNDS MAPPS GROWTH ETF PORTFOLIO
Share code: MAPPSG
ISIN: ZAE000153763
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 THE QUARTER ENDED 30 SEPTEMBER 2014
Further to the announcement published on Thursday, 3 September 2014, a distribution has been declared today, Thursday 16 October 2014 to holders of ETF
securities ("investors") recorded in the register on Friday, 26 Sepember 2014, for the month ended 30 September 2014 as follows:
Alpha code Dividend/Interest Foreign/ Local Gross Subject to Withholding STC Net
Distribution Withholding tax Tax (%) (Cents per unit) Distribution
(Cents per unit) Yes/ No (Cents per unit)
NFSWIX Interest Local 0.09607 No 0.09607
Dividend Local 6.56615 Yes 15 0.00475 5.58194
Dividend REITs** 0.57994 No 0.49295
Dividend Foreign (CFR) 0.40662 No 0 0.40662
Dividend Foreign (Other) 4.35122 Yes 15 3.69854
12.00000 10.27612
MAPPSG Interest Local 4.75999 No 4.75999
Dividend Local 5.80765 Yes 15 0.00435 4.93716
Dividend REITs** 0.50186 No 0.42658
Dividend Foreign (CFR) 0.35495 No 0 0.35495
Dividend Foreign (Other) 3.82869 Yes 15 3.25439
15.25314 13.73307
MAPPSP Interest Local 17.75467 No 17.75467
Dividend Local 5.35653 Yes 15 0.00398 4.55365
Dividend REITs** 0.46949 No 0.39907
Dividend Foreign (CFR) 0.32976 No 0 0.32976
Dividend Foreign (Other) 3.56271 Yes 15 3.02830
27.47316 26.06545
The distribution will be paid on Tuesday, 21 October 2014 to all securities holders recorded on the register on Friday, 26 September 2014.
The net distribution amount (after the deduction of Dividend Withholding Tax (''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.
Investors qualifying for exemption from DWT or a reduced rate of DWT per Double Tax Agreement ("DTA"), will receive, in cash, a distribution amount
of the applicable 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.
Investors should seek advice from their tax advisor on whether the tax and rate shown is applicable to them.
South African tax resident investors
**The dividend distribution by a REIT 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.
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:
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.
16 October 2014
Sponsor
Absa Bank Limited (acting through its Corporate and Investment Banking division)
Date: 16/10/2014 09:31:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE').
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