SYGNIA ITRIX (RF) PROPRIETARY LIMITED - DISTRIBUTION FINALISATION ANNOUNCEMENT PERIOD ENDED JUNE 2018-SYGT40

Release Date: 28/06/2018 17:45
Code(s): SYGT40
 
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DISTRIBUTION FINALISATION ANNOUNCEMENT PERIOD ENDED JUNE 2018-SYGT40

The Sygnia Itrix Collective Investment Scheme
Sygnia Itrix Top 40 ETF
JSE code: SYGT40
ISIN: ZAE000251351
(“SYGT40”)

A portfolio in the Sygnia Itrix Collective Investment Scheme in Securities, registered as such in terms of the Collective Investment Schemes
Control Act, 45 of 2002.

DISTRIBUTION FINALISATION ANNOUNCEMENT PERIOD ENDED JUNE 2018

The Manager and Trustees of the Sygnia Itrix Collective Investment Scheme (being Sygnia Itrix (RF) (Pty) Limited and Standard
Bank of South Africa Limited), respectively, have declared a distribution to holders of SYGT40 securities ("investors") recorded in the
register on Friday, 6 July 2018 in respect of the period ended June 2018.

An aggregated amount of 65.25727 ZAR cents (R0.65257) per SYGT40 security is declared as follows:

                                                                                       Subject to
 Alpha    Dividend/Intere                   Source of       Gross Distribution         withholding tax   Withholding    Net Distribution (cents
 code     st                Foreign/Local   funds           (cents per unit)           (yes/no)          Tax (%)        per unit)

 SYGT40   Interest income   Local                                           0.04934    No                                                  0.04934

          Dividend          Local                                          44.23711    Yes                         20                     35.38969

          Dividend          Foreign Dual    UK                             15.10614    Yes                         20                     12.08491

          Dividend          REIT                                            5.86468    Yes                         20                      4.69174



 Total                                                                     65.25727                                                       52.21568


Notice is hereby given that the following dates are of importance in regard to the distribution for the period ended
June 2018 by the ETF to holders of SYGT40 securities:

Last day to trade “cum” distribution:                   Tuesday,     3   July   2018
Securities trade “ex” distribution:                     Wednesday,   4   July   2018
Record date:                                            Friday,      6   July   2018
Payment date:                                           Monday,      9   July   2018

The distribution will be paid on Monday, 9 July 2018 to all securities holders recorded in the register on Friday, 6 July 2018.
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 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, 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.

28 June 2018

Manager
Sygnia Itrix (RF) (Proprietary) Limited

Trustee
The Standard Bank of South Africa Limited

Sponsor
Vunani Corporate Finance

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