SYGNIA ITRIX (RF) PROPRIETARY LIMITED - CANCELLATION OF S401558 DISTRIBUTION FINALISATION ANNOUNCEMENT PERIOD ENDED JUNE 2018-SYG4IR

Release Date: 29/06/2018 14:44
Code(s): SYG4IR
 
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CANCELLATION OF S401558 DISTRIBUTION FINALISATION ANNOUNCEMENT PERIOD ENDED JUNE 2018-SYG4IR

The Sygnia Itrix Collective Investment Scheme
Sygnia Itrix 4TH Industrial Revolution Global Equity ETF
JSE code: SYG4IR
ISIN: ZAE000252433
(“SYG4IR”)

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 END 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 SYG4IR securities ("investors") recorded in the
register on Friday, 6 July 2018 in respect of the period ended June 2018.

An aggregated amount of 1.15918 ZAR cents (R0.01159) per SYG4IR security is declared as follows:

                                                                                                     Subject to
                                                                                                     withholdin
 Alpha     Dividend/Interes                      Source of          Gross Distribution (cents per    g tax        Withholdin   Net Distribution (cents per
 code      t                  Foreign/Local      funds              unit)                            (yes/no)     g Tax (%)    unit)
 SYG4IR    Interest expense   Foreign            USA                                      -0.01075   No                                            -0.01075
                              Foreign (S64N
           Dividend           rebate)            USA                                       1.16993   No                                             1.16993



 Total                                                                                     1.15918                                                  1.15918




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 SYG4IR 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.
 1 NET FOREIGN DIVIDEND NOT TAXED (S64N rebate)

 Gross dividends                                  10.85700
 Foreign dividend withholding tax                 -1.75500
 Less Portfolio costs                             -7.93207
 Distributable dividend                           1.16993


 SA dividend withholding tax
 Gross dividend                                   10.85700
 Less Portfolio costs                             -7.93207
 Net dividend                                     2.92493
 SA dividend withholding tax                      0.58499



SA tax 0.58499 cents (20%) will not be deducted as foreign dividend withholding tax has already been deducted (SECTION 64N).
Equalisation amount has been proportionally net off against all categories.

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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