SATRIX COLLECTIVE INVESTMENT SCHEME - Distribution and Re-Investment Announcement 6 Months to 31 December 2018

Release Date: 18/01/2019 16:00
Code(s): STXILB
 
Wrap Text
Distribution and Re-Investment Announcement – 6 Months to 31 December 2018

SATRIX COLLECTIVE INVESTMENT SCHEME
SATRIX ILBI PORTFOLIO
JSE code: STXILB
ISIN code: ZAE000240123
("Satrix ILBI" or the “ETF”)

A portfolio in the Satrix Collective Investment Scheme, registered as such in terms of the Collective
Investment Schemes Control Act, 45 of 2002

DISTRIBUTION AND RE-INVESTMENT ANNOUNCEMENT – 6 MONTHS TO 31 DECEMBER 2018

Investors are advised that the Manager and Trustees of the Satrix Collective Investment Scheme (being Satrix
Managers (RF) (Pty) Limited and Standard Chartered Bank), respectively, have declared a distribution to
holders of Satrix ILBI securities("investors”) recorded in the register on Friday, 25 January 2019 in respect
of the 6 months ended 31 December 2018 as follows:

An aggregated amount of 8.83000 ZAR cents (R 0.08830) per Satrix ILBI security is declared as follows:
   Alpha        Dividend/        Foreign/          Sourc               Gross          Subject    Withholding         Net
    code         Interest         Local             e of           Distribution          to        Tax (%)      Distribution
                                                   funds            (Cents per        Withhold                   (Cents per
                                                                       unit)          ing tax                       unit)
                                                                                      Yes/ No


STXILB           Interest         Local                                   8.83000        No                             8.83000

                                                                          8.83000                                       8.83000

The distribution is exempt from Withholding Tax on Interest (WTI) as it comprises coupons received on bonds issued by
the Government of South Africa and interest on listed debt instruments and/or bank debt.

Notice is hereby given that the following dates are of importance in regard to the distribution for the 6
months ending 31 December 2018 by the ETF to holders of Satrix ILBI securities:

 Last day to trade “cum” distribution:                     Tuesday, 22 January 2019
 Securities trade “ex” distribution:                       Wednesday, 23 January 2019
Record date:                                        Friday, 25 January 2019

The distribution is calculated after taking into account accrued expenses incurred by the fund and thus
represents a distribution net of fund expenses.

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


In accordance with the investment policy of the ETF the distributions were re-invested on behalf of investors
through the purchase of securities comprising the Index, thereby increasing the net asset value of ETF and,
proportionately, each ETF security.

To the extent that the distributions (or any part thereof) are taxable in the hands of an investor, the
investor will be liable for the tax associated with such distributions, notwithstanding that the
distributions are re-invested on behalf of investors (and are not paid over to investors).

The distribution will:

-       where Satrix ILBI securities are held on capital account be added to the base cost of each Satrix
        ILBI security for capital gains tax purposes; or
-         where Satrix ILBI securities are held as trading stock be regarded as part of the cost of acquiring
          a Satrix ILBI security.

Sandton

18 January 2019

Sponsor:
Vunani Corporate Finance

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