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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
March 2021
The following dates are of importance with regards to the distribution
Last day to trade cum distribution: Tuesday, 13 April 2021
Ex-date: Wednesday, 14 April 2021
Record date: Friday, 16 April 2021
Payment date: Monday, 19 April 2021
An aggregated amount of 31.52000 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 Tax (Cents per
nterest Foreign/ Local unit) tax Yes/ No (%) unit)
Dividend Local 15,25000 Yes 20 12,20000
Dividend Foreign Dual 14,70000 Yes 20 11,76000
Dividend Foreign Dual (S64N rebate) 1,29000 Yes 5 1,19050
Interest Local 0,28000 No 0,28000
TOTAL 31,52000 25,43050
Source of foreign taxable dividends
Great Britain 80,99%
Isle of Man 13,55%
Australia 5,45%
TOTAL 100,00%
Source of foreign non-taxable dividends (received from dual listed companies - S64N)
Switzerland 100,00%
TOTAL 100,00%
Calculation of the non-taxable Net Foreign Dividend (S64N rebate)
Gross dividend 1,99000
Less: Foreign dividend withholding tax -0,70000
Distributable non taxable dividend (S64N rebate) 1,29000
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: 08 April 2021
Sponsor : Grindrod Bank Limited
Date: 08-04-2021 05:27:00
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