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SATRIX COLLECTIVE INVESTMENT SCHEME - Distribution Finalisation Announcement Quarter End 31 December 2019 - STXQUA

Release Date: 10/01/2020 08:00
Code(s): STXQUA     PDF:  
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Distribution Finalisation Announcement Quarter End 31 December 2019 - STXQUA

SATRIX COLLECTIVE INVESTMENT SCHEME
SATRIX QUALITY PORTFOLIO
JSE Code: STXQUA
ISIN: ZAE000247987
("Satrix Quality")

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 2019

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   Quality
securities("investors")recorded in the register on Friday, 17 January 2020 in respect of the quarter ended 31 December
2019.

An aggregate amount of 1.42000 cents (R0.01420) per Satrix Quality security constituted as follows:
     Alpha      Dividend/     Foreign       Source of           Gross        Subject to    Withholding        Net
     code        Interest     / Local         funds         Distribut        Withholding     Tax (%)     Distribution
                                                               ion           tax Yes/ No                  (Cents per
                                                              (Cents                                         unit)
                                                            per unit)
STXQUA          Dividend      Local                              1.38222         Yes           20              1.10578
                Interest      Local                              0.03778         No                            0.03778
                                                                 1.42000                                       1.14356



Notice is hereby given that the following dates are of importance in regard to the distribution for the quarter ended
December 2019 by the ETF to holders of Satrix Quality securities:

Last day to trade “cum” distribution:             Tuesday, 14 January 2020
Securities trade “ex” distribution:               Wednesday, 15 January 2020
Record date:                                      Friday, 17 January 2020
Payment date:                                     Wednesday, 22 January 2020
The distribution will be paid on Wednesday, 22 January 2020 to all securities holders recorded in the register on Friday,
17 January 2020.


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

10 January 2020

Sponsor:
Vunani Corporate Finance

Date: 10-01-2020 08:00:00
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