Wrap Text
Distribution Finalisation Announcement Quarter end 31 December 2023 - STXVEQ
SATRIX COLLECTIVE INVESTMENT SCHEME 2
SATRIX VALUE EQUITY ETF
JSE code: STXVEQ
ISIN code: ZAE000318325
("SATRIXVEQ")
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 2023 - SGTXVEQ
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 SATRIXVEQ securities ('investors')
recorded in the register on Friday, 19 January 2024 in respect of the quarter ended 31 December 2023.
An aggregate amount of 6.64000 cents (R0.06640) per SATRIXVEQ security is declared as follows:
Alpha Code: STXVEQ 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) 0.80674
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) 5.65282 0.80674 0.18044 6.64000
***Applicable to non-exempt South African shareholders
Gross Local Rate (cents per unit) 5.65282 0.80674 0.18044
SA Withholding Tax % 20.00000% 20.00000%
SA Withholding Tax amount per unit 1.13056 0.16135
Local Net Rate 4.52226 0.64539 0.18044 5.34809
Notice is hereby given that the following dates are of importance in regard to the distribution for the quarter ended
31 December 2023 by the ETF to holders of SATRIXVEQ securities:
Last day to trade "cum" distribution: Tuesday, 16 January 2024
Securities trade "ex" distribution: Wednesday, 17 January 2024
Record date: Friday, 19 January 2024
Payment date: Monday, 22 January 2024
The distribution will be paid on Monday, 22 January 2024 to all securities holders recorded in the register on
Friday, 19 January 2024.
In accordance with the investment policy of SATRIXVEQ the distribution (excluding the dividends tax as detailed
above) will be re-invested on behalf of investors through the purchase of securities comprising the Absa Wits Risk-
Controlled SA Value Index in accordance with the calculation methodology of the total return version of this Index,
thereby increasing the net asset value of SATRIXVEQ and, proportionately, each SATRIXVEQ 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
09 January 2024
JSE SPONSOR
VUNANI SPONSOR
Date: 09-01-2024 04:20:00
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 
