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Distribution Finalisation Announcement Quarter End 30 June 2023 - STXGPR
SATRIX COLLECTIVE INVESTMENT SCHEME 2
SATRIX REITWAY GLOBAL PROPERTY ETF
JSE code: STXGPR
ISIN code: ZAE000318267
(" SATRIXGPR")
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 SATRIXGPR securities ('investors')
recorded in the register on Friday, 28 July 2023 in respect of the quarter ended 30 June 2023.
An aggregate amount of 16.40000 cents (R0.16400) per SATRIXGPR security is declared as follows:
Alpha Code: STXGPR Dividend Total
Foreign Not
Distribution Source type SA listed
Net Distribution Reinvested No
Source of Funds (Country Code) Table 1
Subject to Foreign Withholding tax Yes
Gross Foreign Rate (cents per unit) 46.63088
Foreign Tax % withheld at source 33.22980%
Foreign Tax amount per unit 15.49535
DTA with Source Country Table 1
Foreign Tax Reclaim %
Portfolio/Management Cost 14.73553
Interest Expense
Other costs
Gross ZA Distribution (Cents per unit) 16.40000 16.40000
***Applicable to non-exempt South African shareholders
Gross Local Rate (cents per unit) 16.40000
SA Withholding Tax %
SA Withholding Tax amount per unit
Local Net Rate 16.40000 16.40000
Table 1
Country ISO code Split DTA
United States US 33% 15%
Hong Kong HK 33% 10%
Singapore SG 5% 10%
France FR 12% 15%
Switzerland CH 12% 15%
Great Britain GB 5% 10%
Average 12.83%
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 SATRIXGPR 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
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
18 July 2023
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Date: 18-07-2023 10:30:00
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