To view the PDF file, sign up for a MySharenet subscription.

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

Release Date: 07/01/2021 14:03
Code(s): DIVTRX     PDF:  
Wrap Text
Distribution Announcement

CoreShares Index Tracker Managers (RF) Proprietary Limited
Coreshares DivTrax ETF
Share Code:DIVTRX
ISIN:ZAE000190104


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 date 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 4.90000 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                      3,31000  Yes                    20         2,64800
Dividend Foreign Dual               1,54000  Yes                    20         1,23200
Interest Local                      0,05000  No                                0,05000
TOTAL                               4,90000                                    3,93000

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 02:03:00
Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of
 the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct, 
indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on,
 information disseminated through SENS.

Share This Story