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CANCELLATION OF S402129 GIVISA: Distribution Announcement For The Quarter Ended 30 June 2018
NEWFUNDS S&P GIVI SA TOP 50 INDEX EXCHANGE TRADE FUND PORTFOLIO
Share code: GIVISA
ISIN: ZAE000205225
Portfolios in the NewFunds Collective Investment Scheme in Securities registered as such in terms of the
Collective Investment Schemes Control Act, 45 of 2002 and managed by NewFunds (RF) Proprietary
Limited (Registration Number 2005/034899/07) (“NewFunds”)
DISTRIBUTION ANNOUNCEMENT FOR THE QUARTER ENDED 30 JUNE 2018
NewFunds has today finalised a distribution to holders of ETF securities ("investors") recorded as such in
the register on Friday, 20 July 2018, for the quarter ended 30 June 2018 as follows.
Alpha code Dividend/ Foreign/ Gross Subject to *Withholding Net
Interest Local Distribution Withholding Tax (%) Distribution
(Cents per tax (Cents per
unit) Yes/ No unit)
GIVISA Interest Local 0.28705 No 0.28705
Dividend Local 16.72260 Yes 20 13.37808
Dividend Foreign(ITU)* 2.38799 No 2.38799
Dividend Foreign (Other) 12.73296 Yes 20 10.18637
Dividend REITs** 2.86749 Yes 20 2.29399
34.99809 28.53348
Further details are listed below:
Source of foreign taxable dividends:
Great Britain 100.00%
Source of foreign non-taxable dividends:
Great Britain 100.00%
Notice is hereby given that the following dates are of importance in regard to the distribution by the
above ETF for the quarter ended 31 March 2018:
Declaration/ Finalisation date Thursday, 12 July 2018
Last day to trade Tuesday, 17 July 2018
Ex distribution Wednesday, 18 July 2018
Record date Friday, 20 July 2018
Payment date Monday, 23 July 2018
The distribution will be paid on Monday, 23 July 2018 to all securities holders recorded on the
register on Friday, 20 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.
* INTU PROPERTIES PLC (ITU) is a dual listed Company. The dividends received have been
subject to a 20% withholding tax.
South African tax resident investors relating to REITs
**The dividend distribution by a REIT received by South African tax residents must be included in
their gross income and will not be exempt in terms of the ordinary dividend exemption in section
10(1)(k)(i) of the Income Tax Act No. 58 of 1962 (“the Act”) as a result of paragraph (aa) of the
proviso thereto which provides that dividends distributed by a REIT are not exempt from income
tax.
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.
Additional information:
Number Tax
of securities reference
in issue number
GIVISA 2,057,255 9180010184
12 July 2018
Sponsor
Absa Bank Limited (acting through its Corporate and Investment Banking division)
Date: 12/07/2018 12:44:59 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE').
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