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GIVFIN; GIVIND; GIVRES; GIVISA; NEWFSA and NFSH40 - Distribution for the quarter ended 31 March 2016
NEWFUNDS S&P GIVI SA FINANCIALS INDEX ETF
Share code: GIVFIN
ISIN: ZAE000205258
NEWFUNDS S&P GIVI SA INDUSTRIAL INDEX ETF
Share code: GIVIND
ISIN: ZAE000205241
NEWFUNDS NEWSA INDEX PORTFOLIO
Share code: NEWFSA
ISIN: ZAE000104055
NEWFUNDS S&P GIVI SA RESOURCES INDEX ETF
Share code: GIVRES
ISIN: ZAE000205233
NEWFUNDS S&P GIVI SA TOP 50 INDEX ETF
Share code: GIVISA
ISIN: ZAE000205225
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 2016
Further to the announcement published on Wednesday, 02 March 2016, a distribution has been declared today, Friday 15 April 2016 to holders of ETF securities
("investors") recorded in the register on Thursday, 24 March 2016, for the quarter ended 31 March 2016 as follows:
Alpha code Dividend/ Foreign/ Gross Subject to Withholding *Withholding Net
Interest Local Distribution tax Tax (%) Distribution
(Cents per unit) Yes/ No (Cents per unit)
NEWFSA Interest Local 0.15306 No 0.15306
Dividend Local 3.30918 Yes 15 2.81280
Dividend Foreign 9.30160 Yes 15 7.90636
Dividend REITs** 0.59442 Yes **15 0.50526
13.35826 11.37748
NFSH40 Interest Local 0.00000 No 0.00000
Dividend Local 0.14925 Yes 15 0.12686
Dividend Foreign 1.00419 Yes 15 0.85356
1.15344 0.98042
GIVFIN Interest Local 0.00000 No 0.00000
Dividend Local 0.00000 No 0.00000
Dividend Foreign 0.00000 No 0.00000
Dividend REITs** 0.00000 No 0.00000
0.00000 0.00000
GIVIND Interest Local 0.16048 No 0.16048
Dividend Local 3.70076 Yes 15 3.14565
Dividend Foreign 14.61674 Yes 15 12.42423
18.47798 15.73036
GIVRES Interest Local 0.21278 No 0.21278
Dividend Local 16.60021 Yes 15 14.11018
16.81299 14.48344
GIVISA Interest Local 0.03508 No 0.03508
Dividend Local 1.60729 Yes 15 1.36620
Dividend Foreign 5.24888 Yes 15 4.46155
Dividend REITs** 0.48895 Yes **15 0.41561
7.38020 6.27844
The distribution will be paid on Wednesday, 20 April 2016 to all securities holders recorded on the register on Thursday, 24 March 2016.
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 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 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.
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
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.
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
GIVFIN 647,216 9181003188
GIVIND 400,814 9005418224
GIVISA 1,957,255 9180010184
GIVRES 265,944 9619247167
NEWFSA 772,724 9004206224
NFSH40 9,375,446 9403872162
15 April 2016
Sponsor
Absa Bank Limited (acting through its Corporate and Investment Bank division)
Date: 15/04/2016 04:58:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE').
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