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Final Distribution Announcement for the Quarter Ended 31 December 2019 –Replacement of Previous Announcement GIVIND
NEWFUNDS S&P GIVI SA INDUSTRIAL
INDEX ETF PORTFOLIO
Share code: GIVIND
ISIN: ZAE000205241
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")
FINAL DISTRIBUTION ANNOUNCEMENT FOR THE QUARTER ENDED 31 DECEMBER
2019 – REPLACEMENT OF PREVIOUS ANNOUNCEMENT RELEASED ON SENS ON 19
DECEMBER 2019
Introduction
Holders of securities in the Newfunds S&P GIVI SA Industrial ETF (“Investors”) are referred to the distribution
announcement released on SENS on 19 December 2019 (“Original Announcement”) regarding the final
distribution for the NEWFUNDS S&P GIVI SA Industrial ETF for the quarter ended 31 December 2019 and are
advised that this announcement (“Replacement Announcement”) has been released and replaces in totality the
Original Announcement.
Distribution Announcement
Further to the announcement released on SENS on 6 December 2019 regarding the winding up and delisting of the
NewFunds S&P GIVI SA Industrials Index ETF Portfolio, NewFunds has finalised an income distribution to holders
of ETF securities ("investors") recorded as such in the register on Friday, 27 December 2019, for the quarter ended
31 December 2019 as follows:
Alpha code Dividend/ Foreign/ Gross Subject to *Withholding Net
Interest Local Distribution Withholding Tax (%) Distribution
(Cents per tax (Cents per unit)
unit) Yes/ No
GIVIND Interest Local 0.50903 No 0.50903
Dividend Local 16.00157 Yes 20 12.80126
Dividend Foreign1 51.55690 Yes 20 41.24552
Dividend Foreign 2(ANH)*** 18.18904 No 18.18904
(S64N)
86.25654 72.74485
Further details are listed below:
1 Source of monetary funds not subject to foreign dividend tax:
United Kingdom 100.00%
2Source of foreign non-taxable dividends:
Belgium 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 December 2019:
Thursday, 19 December
Declaration/ Finalisation date 2019
Last day to trade Friday, 20 December 2019
Monday, 23 December
Ex distribution 2019
Record date Friday, 27 December 2019
Monday, 30 December
Payment date 2019
The distribution will be paid on Monday, 30 December 2019 to all securities holders recorded on the register
on Friday, 27 December 2019.
NET FOREIGN DIVIDEND ANH
NOT TAXED (S64N
rebate)
Gross Dividend
29.30610
Foreign Dividends
Withholding Tax (8.79183)
20.51427
Less Portfolio costs
(2.32524)
Distributable dividend
18.18904
SA Dividend Withholding
Tax
Gross
Dividend 29.30610
Less
Portfolio (2.32524)
Costs
26.98086
SA DWT
5.39617
SA tax 5.39617 cents (20%) will not be deducted as foreign dividend withholding tax has already been deducted
(SECTION 64N)
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.
***Anheuser-Busch InBev is a Belgian listed Company. The dividends received have been subject to 30%
withholding tax.
*Investors should seek advice from their tax advisor on whether the tax rate shown is applicable to them.
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
GIVIND 350 814 9005418224
20 December 2019
Sponsor
Vunani Sponsors
Date: 20-12-2019 12:00:00
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