ASHBURTON MANAGEMENT COMPANY (RF) PROPRIETARY LIMITED - ASHWGB - Distribution Finalisation Announcement

ASHWGB - Distribution Finalisation Announcement

Ashburton Management Company RF Proprietary Limited
Ashburton World Government Bond ETF
A portfolio in the Ashburton Collective Investment Scheme in Securities Exchange Traded Funds (“the
portfolio”) registered in terms of the Collective Investment Schemes Control Act, 45 of 2002
Share Code: ASHWGB
ISIN: ZAE000254413


DISTRIBUTION FINALISATION ANNOUNCEMENT


The manager and trustees (namely Ashburton Management Company RF Proprietary Limited and
Standard Chartered Bank) have resolved to make a quarterly distribution to the holders of the Ashburton
World Government Bond ETF securities for the quarter ended 31 July 2021.


The aggregate distribution will amount to 2.86264 cents per Ashburton World Government Bond ETF
security and is constituted as follows:
                                                                                         
                                                                   
                                                                   Subject to          Foreign     
                                                 Gross             Local               Withholding          Net                     
 Alpha                             Foreign/      Distribution      Withholding         Tax held at          Distribution
 code          Dividend/Interest   Local        (Cents per         tax                 source (Cents       (Cents per unit)                     
                                                 unit)             Yes/ No             per unit)
                                                                                 
 
 ASHWGB        Interest             Local        0.00211            No                 0.00000               0.00211
               Interest             Foreign      2.86054            No                 0.00000               2.86054
                                                 2.86264                               0.00000               2.86264

*Source of funds: Sovereign bonds coupons which are constituents of the FTSE World Government Bond Index

Notice is hereby given that the following dates are of importance regarding the distribution for the quarter
ended 31 July 2021 to the holders of the Ashburton World Government Bond ETF securities:


Last day to trade “cum” distribution:                            Tuesday, 17 August 2021
Securities trade “ex” distribution:                            Wednesday, 18 August 2021
Record date:                                                      Friday, 20 August 2021
Payment date:                                                     Monday, 23 August 2021


Creations or redemptions from the fund will not be allowed during the period from 17 August 2021
to 20 August 2021 both days inclusive.


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 comprises 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.


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.

There are 17,134,683 Ashburton World Government Bond ETF securities in issue. The total distribution
amount payable is R 490,505.02.



Ashburton World Government Bond ETF Income Tax number is 2037/954/17/5.

A copy of the ETF issue document can be found at:


https://www.ashburtoninvestments.com/za/individual-investor/fund/ashburton-world-government-
bond-etf/zae000254413




11 August 2021

Johannesburg


Debt Sponsor
RAND MERCHANT BANK (A division of FirstRand Bank Limited)

Date: 11-08-2021 11:48:00
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