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Distribution Finalisation Announcement Quarter Ended 30 June 2025 - STXMAG
SATRIX COLLECTIVE INVESTMENT SCHEME 2
SATRIX MULTI ASSET PASSIVE PORTFOLIO SOLUTIONS GROWTH ETF
JSE code: STXMAG
ISIN code: ZAE000318341
("SATRIXMAG")
A portfolio in the Satrix Collective Investment Scheme in Securities 2, registered as such in terms of the Collective Investment
Schemes Control Act, 45 of 2002.
DISTRIBUTION FINALISATION ANNOUNCEMENT QUARTER ENDED 30 JUNE 2025
The Manager and Trustees of the Satrix Collective Investment Scheme 2 (being Satrix Managers (RF) (Pty) Limited and Standard
Chartered Bank), respectively, have declared a distribution to holders of SATRIXMAG securities ('investors') recorded in the register
on Thursday, 03 July 2025 in respect of the quarter ended 30 June 2025.
An aggregate amount of 35.94000 cents (R0.35940) per SATRIXMAG security is declared as follows:
Dividend
Alpha Code: STXMAG Dividend Dividend (64N > *Interest REIT Total
DTA)
Foreign SA Foreign SA
Distribution Source type Local Listed Listed Local Local
Net Distribution Reinvested Yes Yes Yes Yes Yes
Source of Funds (Country Code) ZA GB BE ZA ZA
Subject to Foreign Withholding tax No No Yes No No
Gross Foreign Rate (cents per unit) 2.65026 0.82866
Foreign Tax % withheld at source 30.00000%
Foreign Tax amount per unit 0.24860
DTA with Source Country 15.00000%
Foreign Tax Reclaim % 15.00000%
Portfolio/Management Cost 0.11320
Interest Expense
Other costs
Gross ZA Distribution (Cents per unit) 20.98418 2.65026 0.46686 11.08314 0.75556 35.94000
***Applicable to non-exempt South African shareholders
Gross Local Rate (cents per unit) 20.98418 2.65026 0.71546 11.08314 0.75556
SA Withholding Tax % 20.00000% 20.00000% 5.00000% Note 1
SA Withholding Tax amount per unit 4.19684 0.53005 0.03577
Local Net Rate 16.78734 2.12021 0.43109 11.08314 0.75556 31.17734
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 0.75556 cents per unit and the net rate is
0.60445 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 2025 by
the ETF to holders of SATRIXMAG securities:
Last day to trade "cum" distribution: Monday, 30 June 2025
Securities trade "ex" distribution: Tuesday, 01 July 2025
Record date: Thursday, 03 July 2025
Payment date: Friday, 04 July 2025
The distribution will be paid on Friday, 04 July 2025 to all securities holders recorded in the register on Thursday, 03 July 2025.
In accordance with the investment policy of SATRIXMAG the distribution (excluding the dividends tax as detailed above) will be re-
invested on behalf of investors through the purchase of securities comprising the MAPPS Growth Index in accordance with the
calculation methodology of the total return version of this Index, thereby increasing the net asset value of SATRIXMAG and,
proportionately, each SATRIXMAG 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
23 June 2025
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Date: 23-06-2025 11:00:00
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