Wrap Text
Distribution Finalisation Announcement Quarter End 30 June 2023 - STXT50
SATRIX COLLECTIVE INVESTMENT SCHEME 2
SATRIX S&P GIVI SOUTH AFRICA TOP 50 ETF
JSE code: STXT50
ISIN code: ZAE000318317
("SATRIXT50")
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 2023
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 SATRIXT50 securities ('investors') recorded in the register on Friday, 28 July 2023 in respect of the
quarter ended 30 June 2023.
An aggregate amount of 65.03000 cents (R0.65030) per SATRIXT50 security is declared as follows:
Dividend
Alpha Code: STXT50 Dividend Dividend Dividend (64N =/< *Interest REIT Total
DTA)
Foreign SA Foreign SA Foreign SA
Distribution Source type Local Listed Listed Listed Local Local
Net Distribution Reinvested No No No No No No
Source of Funds (Country Code) ZA GB JE BE ZA ZA
Subject to Foreign Withholding tax No No No Yes No No
Gross Foreign Rate (cents per unit) 11.25368 16.79824 6.69709
Foreign Tax % withheld at source 30.00000%
Foreign Tax amount per unit 2.00913
DTA with Source Country 15%
Foreign Tax Reclaim % 15%
Portfolio/Management Cost 0.36572
Interest Expense
Other costs
Gross ZA Distribution (Cents per unit) 27.09850 11.25368 16.79824 4.32224 2.15927 3.39807 65.03000
***Applicable to non-exempt South African shareholders
Gross Local Rate (cents per unit) 27.09850 11.25368 16.79824 6.33137 2.15927 3.39807
SA Withholding Tax % 20.00000% 20.00000% 20.00000% 5.00000% Note 1
SA Withholding Tax amount per unit 5.41970 2.25074 3.35965 0.31657
Local Net Rate 21.67880 9.00294 13.43859 4.00567 2.15927 3.39807 53.68334
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 3.39807 cents per unit and the net rate is 2.71846 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 2023 by the ETF to holders
of SATRIXT50 securities:
Last day to trade “cum” distribution: Tuesday, 25 July 2023
Securities trade “ex” distribution: Wednesday, 26 July 2023
Record date: Friday, 28 July 2023
Payment date: Monday, 31 July 2023
The distribution will be paid on Monday, 31 July 2023 to all securities holders recorded in the register on Friday, 28 July 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
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
b)
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
18 July 2023
JSE SPONSOR
VUNANI SPONSOR
Date: 18-07-2023 10:30:00
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 
