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CORESHARES GLOBAL INVESTMENTS PCC - Distribution Announcement - CSP500

Release Date: 13/04/2018 09:00
Code(s): CSP500     PDF:  
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Distribution Announcement - CSP500

 CoreShares Global Investments PCC
 CoresShares S&P500
 Share Code: CSP500
 ISIN: MU0519N00036

 The CoreShares S&P 500 Exchange Traded Fund (“CoreShares S&P 500”) portfolio, a portfolio in CoreShares
 Global Investments PCC (A Mauritius protected cell public company limited by shares). The Fund is an
 approved Foreign Collective Investment Scheme in terms of Section 65 of the Collective Investment
 Scheme Control Act 2002. The Fund is managed by CoreShares ETF Manager Limited (“CEM” or “the
 Manager”) and is further represented in South Africa by CoreShares Index Tracker Managers RF (Pty) Ltd.

 DISTRIBUTION ANNOUNCEMENT (Date of announcement: 13 April 2018)
 Holders of the security are advised that a distribution will be made in respect of the six months ended 31
 March 2018

 The following dates are of importance with regards to the distribution:
 Last day to trade cum distribution:                                               Monday, 30 April 2018
 Ex-date:                                                                         Wednesday, 02 May 2018
 Record date:                                                                        Friday, 04 May 2018
 Payment date:                                                                       Monday, 07 May 2018

 A gross amount of US Dollar cents 1.38844 was declared.
 An aggregated amount of 16.57797 South African cents per security is declared, using a USD/ZAR
 exchange rate of 11.94000.
 The nature and source of the distribution is explained in the following table:


                                    Gross          Subject to
                                    distribution   withholding
 Dividend/                          (cents per     tax         Withholding Net distribution (cents
 Interest  Foreign / Local          unit)          (Yes/No)    tax (%)     per unit)

 Dividend     Foreign               16.57797       Yes         20           13.26238

 TOTAL                              16.57797                                13.26238

 Further details are listed
 below:
 Source of foreign taxable dividends
 Mauritius                              100.00%


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 comprises 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.



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: 13 April 2018

Sponsor

Grindrod Bank Limited

Date: 13/04/2018 09:00:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
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