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CORESHARES INDEX TRACKER MANAGERS (RF) PROPRIETARY LIMITED - Special distribution announcement - CSPROP

Release Date: 31/10/2019 10:00:00      Code(s): CSPROP       PDF(s):  
Special distribution announcement - CSPROP

CoreShares Index Tracker Managers (RF) Proprietary Limited
CoreShares SAProp Income
Share Code: CSPROP
ISIN: ZAE000273165

Previously:
CoreShares PropTrax 10 ETF
Share code: PTXTEN
ISIN: ZAE000155362

A portfolio in the CoreShares Index Tracker Collective Investment Scheme registered as such in terms of the
Collective Investment Schemes Control Act, 45 of 2002, managed by CoreShares Index Tracker Managers (RF)
Proprietary Limited

SPECIAL DISTRIBUTION ANNOUNCEMENT
Holders of the security are advised that a special distribution will be made

The following dates are of importance with
regards to the distribution:
Last day to trade cum                                                              Tuesday, 29 October 2019
distribution:
Ex-date:                                                                           Wednesday, 30 October
                                                                                   2019
Record date:                                                                       Friday, 01 November 2019
Payment date:                                                                      Friday, 08 November 2019

An aggregated amount of 34.83627 cents per
security is declared.
The nature and source of the distribution is
explained in the following table:

Dividend/        Foreign /         Gross               Subject to     Withholding Net distribution (cents
Interest         Local             distribution        withholding    tax (%)     per unit)
                                   (cents per unit)    tax
                                                       (Yes/No)
Dividend         Foreign                               Yes            20
                                   5.31794                                         4.25435
Dividend         REIT                                  Yes            20
                                   29.39549                                        23.51639
Interest                                               No
                                   0.12284                                         0.12284
TOTAL
                                   34.83627                                        27.89358

Further details are listed
below:
Source of foreign taxable
dividends
 Isle of Man                        100.00%



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
Central Securities Depository Participant (“CSDP”) or broker with the following:

a) a declaration that the distribution is exempt from dividends tax; and

b) a written undertaking to inform their CSDP or broker, 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, to arrange for the abovementioned
documents to be submitted prior to payment of the distribution, if such documents have not already
been submitted.



Withholding Tax on Interest (WTI) came into effect on 1 March 2015.

Investors are advised that to the extent that the distribution amount comprises 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.



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 in respect of its
participatory interest:

a) a declaration that the dividend is subject to a reduced rate because of the application of a DTA;
and

b) a written undertaking to inform the CSDP or broker 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 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.

Date of announcement: 31 October 2019
Sponsor

Grindrod Bank Limited

Date: 31/10/2019 10:00:00
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