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NFSWIX; MAPPSG and MAPPSG - Distribution and re-investment for the quarter ended 30 June 2015
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 JUNE 2015
Further to the announcement published on Tuesday, 09 June 2015, a distribution has been declared
today, Thursday 16 July 2015 to holders of ETF securities ("investors") recorded in the register on Friday,
26 June 2015, for the quarter ended 30 June 2015 as follows:
Gross Subject to Net
Alpha Dividend/ Foreign/ Distribution Withholding Withholding Distribution
code Interest Local (Cents per tax Tax (%) (Cents per
unit) Yes/ No unit)
NFSWIX Interest Local 0.22109 No 0.22109
Dividend Local 8.00070 Yes 15 6.80060
Foreign
Dividend 1.41061 Yes 15 1.19902
(Other)
Dividend REITs** 0.36760 No 0.36760
10.00000 8.58831
MAPPSG Interest Local 4.34189 No 4.34189
Dividend Local 5.55250 Yes 15 4.71963
Dividend Foreign
1.00017 Yes 15 0.85014
(Other)
Dividend REITs** 0.25842 No 0.25842
11.15298 10.17008
MAPPSP Interest Local 15.84297 No 15.84297
Dividend Local 5.45654 Yes 15 4.63806
Foreign
Dividend 0.97496 Yes 15 0.82872
(Other)
Dividend REITs** 0.25060 No 0.25060
22.52507 21.56035
The distribution will be paid on Tuesday, 21 July 2015 to all securities holders recorded on the
register on Friday, 26 June 2015.
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.
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 comprise of any interest, it
will not be subject to WTI by virtue of the fact that it is Government debt, listed debt instruments
and/or bank debt.
Investors should seek advice from their tax advisor on whether the tax and rate shown is applicable to
them.
South African tax resident investors relating to REITs
**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.
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 of securities in issue Tax reference number
NFSWIX 1 000 000 9022543228
MAPPSG 1 806 698 9020590221
MAPPSP 1 108 764 9399122176
16 July 2015
Sponsor
Absa Bank Limited (acting through its Corporate and Investment Banking division)
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