CORESHARES INDEX TRACKER MANAGERS (RF) PROPRIETARY LIMITED - Distribution Announcement

Distribution Announcement

CoreShares Index Tracker Managers (RF) Proprietary Limited
Coreshares SciBeta Multifactor ETF
Share Code:SMART
ISIN:ZAE000269502


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.

DISTRIBUTION ANNOUNCEMENT

Holders of the security are advised that a distribution will be made in respect of the
three months ended 31 December 2020

The following dates are of importance with regards to the distribution

Last day to trade cum distribution                             Tuesday, 12 January 2021
Ex-date:                                                     Wednesday, 13 January 2021
Record date:                                                     Friday, 15 January 2021
Payment date:                                                  Monday, 18 January 2021


An aggregated amount of 14.01000 cents per security is declared.

The nature and source of the distribution is explained in the following table:
                            Gross                                           Net
                            Distribution Subject to                         Distribution
Dividend/I                  (Cents per      Withholding Withholding (Cents per
nterest    Foreign/ Local unit)             tax Yes/ No     Tax (%)         unit)
Dividend Local                    9,00000 Yes                            20        7,20000
Dividend Foreign Dual             2,97000 Yes                            20        2,37600
Dividend REIT                     1,79000 Yes                            20        1,43200
Interest Local                    0,25000 No                                       0,25000
TOTAL                            14,01000                                         11,25800

Source of foreign taxable dividends
Great Britain                                                                      100,00%
TOTAL                                                                              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: 07 January 2021

Sponsor : Grindrod Bank Limited

Date: 07-01-2021 02:00:00
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