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RAFFIN; RAFIND; NEWFSA; RAFRES; RAFISA and NFSH40 - Distribution for the quarter ended 31 March 2015
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 2015
Further to the announcement published on Thursday, 05 March 2015, a distribution has been declared today, Monday 20 April 2015 to holders
of ETF securities ("investors") recorded in the register on Friday, 27 March 2015, for the quarter ended 31 March 2015 as follows:
Alpha code Dividend/ Foreign/ Gross Subject to Withholding *Withholding STC Net
Interest Local distribution tax tax (%) (Cents per unit) distribution
(Cents per unit) Yes/ No (Cents per unit)
NEWFSA Interest Local 0.22942 No 0.22942
Dividend Local 25.67876 Yes 15 0.00000 21.82695
Dividend Foreign (Other) 21.81632 Yes 15 18.54387
Dividend REITs** 1.45218 Yes 15 1.23435
49.17668 41.83459
NFSH40 Interest Local 0.00000 No 0.00000
Dividend Local 2.45909 Yes 15 0.00000 2.09023
Dividend Foreign (Other) 3.94061 Yes 15 3.34952
6.39970 5.43975
RAFFIN Interest Local 0.10667 No 0.10667
Dividend Local 20.32628 Yes 15 0.00000 17.27734
Dividend Foreign (Other) 0.00000 Yes 15 0.00000
Dividend REITs** 5.71263 Yes 15 4.85574
26.14558 22.23975
RAFIND Interest Local 0.02514 No 0.02514
Dividend Local 10.68065 Yes 15 0.00000 9.07855
Dividend Foreign (Other) 2.59146 Yes 15 2.20274
13.29725 11.30643
RAFRES Interest Local 0.00422 No 0.00422
Dividend Local 1.58060 Yes 15 0.00000 1.34351
Dividend Foreign (Other) 13.45594 Yes 15 11.43755
15.04076 12.78528
RAFISA Interest Local 0.04330 No 0.04330
Dividend Local 19.28007 Yes 15 0.00000 16.38806
Dividend Foreign (Other) 20.67665 Yes 15 17.57515
Dividend REITs** 0.87355 Yes 15 0.74252
40.87357 34.74903
The distribution will be paid on Thursday, 23 April 2015 to all securities holders recorded on the register on Friday, 27 March 2015.
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.
Holders of Shariah ETF securities
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-Imdaad Foundation
6. Muslim Hands (RSA)
7. Islamic Relief Agency (RSA)
8. Bait-ul-Khair (Gauteng)
9. TIBA Services for the Blind (Gauteng)
10. Mustadafin Foundation (www.mustadafin.com)
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:
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 497 216 9181003188
RAFIND 300 814 9005418224
RAFISA 1 957 255 9180010184
RAFRES 265 944 9619247167
NEWFSA 772 724 9004206224
NFSH40 9 375 446 9403872162
20 April 2015
Sponsor
Absa Bank Limited (acting through its Corporate and Investment Banking division)
Date: 20/04/2015 02:31:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE').
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