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GIVFIN/GIVIND/GIVRES/GIVISA/NFSH40- Distribution and Re-Investment for the quarter ended 31 December 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 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 DECEMBER 2016
Further to the announcement published on Thursday, 01 December 2016, a distribution has been declared today, Monday 16 January 2017 to holders of ETF securities
("investors") recorded in the register on Friday, 23 December 2016, for the quarter ended 31 December 2016 as follows:
Alpha code Dividend/Interest Foreign/ Local Gross Subject to Withholding Net
Distribution Withholding tax Tax (%) Distribution
(Cents per unit) Yes/ No (Cents per unit)
NFSH40 Interest Local 0.00000 No 0.00000
Dividend Local 0.20635 Yes 15 0.17540
Dividend Foreign 0.10168 Yes 15 0.08643
0.30803 0.26183
GIVFIN Interest Local 0.20826 No 0.20826
Dividend Local 3.11979 Yes 15 2.65182
Dividend Foreign 3.03031 Yes 15 2.57576
Dividend REITs** 5.45460 Yes 15 4.63641
Dividend Foreign (ITU)* 1.69045 No 1.69045
Dividend Foreign (RPL)* 0.33699 No 0.33699
13.84040 12.09969
GIVIND Interest Local 0.67863 No 0.67863
Dividend Local 20.46253 Yes 15 17.39315
Dividend Foreign 26.26237 Yes 15 22.32301
Dividend Foreign (ITU)* 0.00000 No 0.00000
47.40353 40.39479
GIVRES Interest Local 0.53635 No 0.53635
Dividend Local 0.00000 Yes 15 0.00000
Dividend Foreign 7.63783 Yes 15 6.49216
8.17418 7.02851
GIVISA Interest Local 0.15446 No 0.15446
Dividend Local 5.47254 Yes 15 4.65166
Dividend Foreign 6.52080 Yes 15 5.54268
Dividend REITs** 2.47874 Yes **15 2.10693
Dividend Foreign (ITU)* 0.77389 No 0.77389
Dividend Foreign (RPL)* 0.15427 No 0.15427
15.55470 13.38389
The distribution will be paid on Thursday, 19 January 2017 to all securities holders recorded on the register on Friday,23 December 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
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.
** 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 1,322,216 9181003188
GIVIND 400,814 9005418224
GIVISA 2,057,255 9180010184
GIVRES 415,944 9619247167
NFSH40 22,075,446 9403872162
16 January 2017
Sponsor
Absa Corporate and Investment Bank, a division of Absa Bank Limited
Date: 16/01/2017 08:00:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE').
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