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Distribution Finalisation Announcement Quarter End 31 December 2017 - STXIND
SATRIX COLLECTIVE INVESTMENT SCHEME
SATRIX INDI PORTFOLIO
JSE code: STXIND
ISIN code: ZAE000036364
("Satrix Indi" or the “ETF”)
A portfolio in the Satrix Collective Investment Scheme in Securities, registered as such in terms of the Collective
Investment Schemes Control Act, 45 of 2002.
DISTRIBUTION FINALISATION ANNOUNCEMENT QUARTER END 31 DECEMBER 2017
The Manager and Trustees of the Satrix Collective Investment Scheme (being Satrix Managers (RF) (Pty) Limited and Standard
Chartered Bank), respectively, have declared a distribution to holders of Satrix Indi securities("investors")recorded in
the register on Friday, 12 January 2018 in respect of the quarter ended 31 December 2017.
An aggregated amount of 30.09000 ZAR cents (R 0.30090) per Satrix INDI security is declared as follows:
Alpha Dividend/ Foreign Source Gross Subject to Withholding Net
code Interest / Local of Distribution Withholding Tax (%) Distribution
funds (Cents per tax Yes/ No (Cents per
unit) unit)
STXIND Interest Local 0.38703 No 0.38703
Dividend Local 12.02814 Yes 20 9.62251
Dividend Foreign UK 4.35407 Yes 20 3.48326
Dual
Dividend Foreign UK 13.32076 No 13.32076
(S64N
rebate)
30.09000 26.81356
Notice is hereby given that the following dates are of importance in regard to the distribution for the quarter
ended December 2017 by the ETF to holders of Satrix INDI securities:
Last day to trade “cum” distribution: Tuesday,9 January 2018
Securities trade “ex” distribution: Wednesday,10 January 2018
Record date: Friday,12 January 2018
Payment date: Monday, 15 January 2018
The distribution will be paid on Monday, 15 January 2018 to all securities holders recorded in the register on Friday, 12
January 2018.
1 NET FOREIGN DIVIDEND NOT TAXED (S64N rebate)
Gross dividend 26.42143
Foreign Dividends withholding tax - 9.24750
17.17393
Less portfolio costs - 3.85317
Distributable dividend 13.32076
SA Dividend withholding tax
Gross dividend 26.42143
Less portfolio costs - 3.85317
22.56826
SA DWT 3.38524
SA tax 0.01999 cents (20%) will not be deducted as foreign dividend
withholding tax has already been deducted (SECTION 64N).
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.
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.
Sandton
04 January 2018
Sponsor:
Vunani Corporate Finance
Date: 04/01/2018 05:30:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE').
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