Wrap Text
Distribution Finalisation Announcement Quarter End 30 June 2022 - STXID
SATRIX COLLECTIVE INVESTMENT SCHEME
SATRIX INCLUSION & DIVERSITY ETF
JSE code: STXID
ISIN code: ZAE000300570
("Satrix ID")
A portfolio in the Satrix Collective Investment Scheme in Securities, registered as such in terms of the Collective Investment Schemes Control Act,
45 of 2002.
DISTRIBUTION FINALISATION ANNOUNCEMENT QUARTER END 30 JUNE 2022 - STXID
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 ID securities ('investors') recorded in the register on Friday, 22 July 2022 in respect
of the quarter ended 30 June 2022.
An aggregate amount of 49.64000 cents (R0.49640) per Satrix ID security is declared as follows:
Alpha Code: STXID Dividend Dividend REIT
Total
Foreign SA
Distribution Source type Local Listed Local
Net Distribution Reinvested No No No
Source of Funds (Country Code) ZA GB ZA
Subject to Foreign Withholding tax No No No
Gross Foreign Rate (cents per unit) 5.30214
Foreign Tax % withheld at source
Foreign Tax amount per unit
DTA with Source Country
Foreign Tax Reclaim %
Portfolio/Management Cost
Interest Expense
Other costs
Gross ZA Distribution (Cents per unit) 39.70831 5.30214 4.62955 49.64000
**Applicable to non-exempt South African shareholders
Gross Local Rate (cents per unit) 39.70831 5.30214 4.62955
SA Withholding Tax % 20.00000% 20.00000% Note 1
SA Withholding Tax amount per unit 7.94166 1.06043
Local Net Rate 31.76665 4.24171 4.62955 40.63791
Note 1: Distributions by Real Estate Investment Trusts (REITs) are subject to income tax for South African tax residents and for non-residents it is
subject to 20% SA withholding tax. The Gross rate for non-residents is 4.62955 cents per unit and the net rate is 3.70364 cents per unit.
Notice is hereby given that the following dates are of importance in regard to the distribution for the quarter ended 30 June 2022 by the ETF to
holders of Satrix ID securities:
Last day to trade “cum” distribution: Tuesday, 19 July 2022
Securities trade “ex” distribution: Wednesday, 20 July 2022
Record date: Friday, 22 July 2022
Payment date: Monday, 25 July 2022
The distribution will be paid on Monday, 25 July 2022 to all securities holders recorded in the register on Friday, 22 July 2022.
*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.
Sandton
14 July 2022
JSE Sponsor
Vunani
Date: 14-07-2022 03:45:00
Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE').
The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of
the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct,
indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on,
information disseminated through SENS.
Sharenet Sites 
