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Distribution Finalisation Announcement Quarter End 31 December 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 31 DECEMBER 2022
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, 20 January
2023 in respect of the quarter ended 31 December 2022.
An aggregate amount of 17.11000 cents (R0.17110) 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) 2.13021
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) 10.83016 2.13021 4.14963 17.11000
**Applicable to non-exempt South African shareholders
Gross Local Rate (cents per unit) 10.83016 2.13021 4.14963
SA Withholding Tax % 20.00000% 20.00000% Note 1
SA Withholding Tax amount per unit 2.16603 0.42604
Local Net Rate 8.66413 1.70417 4.14963 14.51793
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 4.14963 cents per unit and the net rate is 3.31970
cents per unit.
Notice is hereby given that the following dates are of importance in regard to the distribution for the quarter ended 31 December 2022 by
the ETF to holders of Satrix ID securities:
Last day to trade “cum” distribution: Tuesday, 17 January 2023
Securities trade “ex” distribution: Wednesday, 18 January 2023
Record date: Friday, 20 January 2023
Payment date: Monday, 23 January 2023
The distribution will be paid on Monday, 23 January 2023 to all securities holders recorded in the register on Friday, 20 January 2023.
*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
12 January 2023
JSE Sponsor
Vunani Capital
Date: 12-01-2023 02:30:00
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