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CORESHARES INDEX TRACKER MANAGERS (RF) PROPRIETARY LIMITED - Quarterly Distribution Announcement - LVLTRX

Release Date: 12/01/2018 09:29
Code(s): LVLTRX     PDF:  
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Quarterly Distribution Announcement - LVLTRX

CoreShares Index Tracker Managers (RF) Proprietary Limited
CoreShares LowVolTrax ETF
Share code: LVLTRX
ISIN: ZAE000190112

A portfolio in the CoreShares Index Tracker Collective Investment Scheme registered as such in terms of the
Collective Investment Schemes Control Act, 45 of 2002, managed by CoreShares Index Tracker Managers
(RF) Proprietary Limited

QUARTERLY DISTRIBUTION ANNOUNCEMENT
Holders of the security are advised that a distribution will be made in respect of the quarter ended
2017/12/31

The following dates are of importance with regards to the distribution:
Last day to trade cum distribution:                                                Tuesday, 16 January 2018
Ex-date:                                                                         Wednesday, 17 January 2018
Record date:                                                                        Friday, 19 January 2018
Payment date:                                                                       Monday, 22 January 2018

An aggregated amount of 33.47911 cents per security is declared.
The nature and source of the distribution is explained in the following table:



                                  Gross          Subject to
                                  distribution   withholding
Dividend/   Foreign /             (cents per     tax         Withholding Net distribution (cents per
Interest    Local                 unit)          (Yes/No)    tax (%)     unit)
Dividend    Local                    14.63874    Yes                  20                    11.71099
Dividend    Foreign                   0.91579    Yes                  20                     0.73263
            Foreign (S64N
Dividend    rebate)                   1.86523    No                                          1.86523
Dividend    REIT                     16.05935    Yes                   20                   12.84748
TOTAL                                33.47911                                               27.15633

Further details are listed below:
Source of foreign taxable dividends
Isle of Man                          58.25%
Great Britain                        41.75%
Total                               100.00%

Source of foreign non-taxable dividends (S64N)
Isle of Man                          53.39%
Great Britain                        46.61%
Total                               100.00%
 Calculation of the non-taxable Net Foreign Dividend (S64N rebate)

 Gross dividend                        2.33153
 Foreign dividend withholding
 tax                                    -0.4663
 Distributable non taxable
 dividend (S64N rebate)                1.86523


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
Central Securities Depository Participant (“CSDP”) or broker with the following:

a) a declaration that the distribution is exempt from dividends tax; and

b) a written undertaking to inform their CSDP or broker, 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, to arrange for the abovementioned
documents to be submitted prior to payment of the distribution, if such documents have not already
been submitted.



Withholding Tax on Interest (WTI) came into effect on 1 March 2015.

Investors are advised that to the extent that the distribution amount comprise of any interest, it will
not be subject to WTI by it is listed debt instruments and/or bank debt.



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 20%, 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 in respect of its
participatory interest:

a) a declaration that the dividend is subject to a reduced rate because of the application of a DTA;
and

b) a written undertaking to inform the CSDP or broker 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 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.

Date of announcement: 12 January 2018

Sponsor

Grindrod Bank Limited

Date: 12/01/2018 09:29:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
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