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NEWFUNDS COLLECTIVE INVEST SCHEME - NFSH40 - Distribution for the quarter ended 31 March 2019

Release Date: 16/04/2019 08:00
Code(s): NFSH40     PDF:  
Wrap Text
NFSH40 - Distribution for the quarter ended 31 March 2019

Share code: NFSH40
ISIN: ZAE000130431

Portfolios in the NewFunds Collective Investment Scheme in Securities registered as such in terms of the Collective Investment Schemes Control Act, 45 of 2002 and
managed by NewFunds (RF) Proprietary Limited (Registration Number 2005/034899/07) ("NewFunds")

NewFunds has today finalised a distribution to holders of ETF securities ("investors") recorded as such in the register on Friday, 26 April 2019, for the quarter ended 31 March 2019 as follows:

Alpha code                  Dividend/                   Foreign/                 Gross                    Subject to Withholding     *Withholding       Net
                            Interest                    Local                    Distribution             tax                         Tax (%)           Distribution
                                                                                 (Cents per unit)         Yes/ No                                       (Cents per unit)

NFSH40                      Dividend                    Local                     3.08485                  Yes                        20                 2.46788
                            Dividend                    Foreign  1                6.96552                  Yes                        20                 5.57242
                                                                                 10.05037                                                                8.04030

Further details are listed below:
  Source of monetary funds subject to foreign dividend tax:
United Kingdom                                      100.00%

Notice is hereby given that the following dates are of importance in regard to the distribution by the above ETF for the quarter ended 31 March 2019:

Declaration/ Finalisation date                                                   Tuesday, 16 April 2019
Last day to trade                                                                Tuesday, 23 April 2019
Ex distribution                                                                  Wednesday, 24 April 2019
Record date                                                                      Friday, 26 April 2019
Payment date                                                                     Monday, 29 April 2019

The distribution will be paid on Monday, 29 April 2019 to all securities holders recorded on the register on Friday, 26 April 2019.

Holders of Shariah ETF securities
Holders of Shariah ETF securities (“investors”) are advised that the appropriate purification of dividends, through the donation of 5% of the dividends to charity, needs to be effected by each
investor. Absa Islamic Banking's Shari'ah Supervisory Board (''SSB'') has provided the following list of approved charitable institutions. The list is not exhaustive and it is therefore not obligatory
to use one of the specified charities:
1. Al Furqaan Orphanage (Gauteng)
2. Gift of the Givers (RSA)
4. Africa Muslims Agency (RSA)
5. Al-Imdaad Foundation
6. Muslim Hands (RSA)
7. Islamic Relief Agency (RSA)
8. Bait-ul-Khair (Gauteng)
9. TIBA Services for the Blind (Gauteng)
10. Mustadafin Foundation (
*Investors should seek advice from their tax advisor on whether the tax rate shown is applicable to them.

South African tax resident investors relating to REITs
** The dividend distribution by a REIT received by South African tax residents must be included in their gross income and will not be exempt in terms of the ordinary dividend
exemption in section 10(1)(k)(i) of the Income Tax Act No. 58 of 1962 (“the Act”) as a result of paragraph (aa) of the proviso thereto which provides that dividends distributed by a
REIT are not exempt from income tax.
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
Additional information:
                                  Number                     Tax
                                of securities             reference
                                   in issue                number
NFSH40                           15,575,446                9403872162

16 April 2019

Absa Bank Limited (acting through its Corporate and Investment Banking division)

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