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Distribution Finalisation Announcement Month End 31 August 2023 - STXRAF
SATRIX COLLECTIVE INVESTMENT SCHEME
SATRIX RAFI 40
JSE code: STXRAF
ISIN: ZAE000126033
(“Satrix RAFI 40”)
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 MONTH END 31 AUGUST 2023 - STXRAF
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 Rafi 40 securities ('investors') recorded in the
register on Friday, 15 September 2023 in respect of the month ended 31 August 2023.
An aggregate amount of 3.57000 cents (R0.03570) per Satrix Rafi 40 security is declared as follows:
Alpha Code: STXRAF Dividend Dividend *Interest Total
Foreign SA
Distribution Source type Local Listed Local
Net Distribution Reinvested Yes Yes Yes
Source of Funds (Country Code) ZA GB ZA
Subject to Foreign Withholding tax No No No
Gross Foreign Rate (cents per unit) 2.42196
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) 1.12883 2.42196 0.01921 3.57000
**Applicable to non-exempt South African shareholders
Gross Local Rate (cents per unit) 1.12883 2.42196 0.01921
SA Withholding Tax % 20.00000% 20.00000%
SA Withholding Tax amount per unit 0.22577 0.48439
Local Net Rate 0.90306 1.93757 0.01921 2.85984
Notice is hereby given that the following dates are of importance in regard to the distribution for the month ended 31 August
2023 by the ETF to holders of Satrix Rafi 40 securities:
Last day to trade “cum” distribution: Tuesday, 12 September 2023
Securities trade “ex” distribution: Wednesday, 13 September 2023
Record date: Friday, 15 September 2023
Payment date: Monday, 18 September 2023
The distribution will be paid on Monday, 18 September 2023 to all securities holders recorded in the register on Friday, 15
September 2023.
In accordance with the investment policy of Satrix RAFI 40 the distribution (excluding the dividends tax as detailed above) will be
re-invested on behalf of investors through the purchase of securities comprising the FTSE/JSE RAFI 40 Index in accordance with
the calculation methodology of the total return version of this Index, thereby increasing the net asset value of Satrix RAFI 40 and,
proportionately, each Satrix RAFI 40 security.
The distribution (excluding the dividend tax as detailed above) will:
* where Satrix RAFI 40 securities are held on capital account be added to the base cost of each Satrix RAFI 40 security for
capital gains tax purposes; or
* where Satrix RAFI 40 securities are held as trading stock be regarded as part of the cost of acquiring a Satrix RAFI 40 security.
*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
06 September 2023
JSE Sponsor
Vunani Sponsors
Date: 06-09-2023 08:30:00
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