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SYGNIA ITRIX (RF) PROPRIETARY LIMITED - Distribution Finalisation Announcement Period Ended 30 June 2021 - SYGP

Release Date: 08/07/2021 14:15
Code(s): SYGP     PDF:  
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Distribution Finalisation Announcement Period Ended 30 June 2021 - SYGP

The Sygnia Itrix Collective Investment Scheme
Sygnia Itrix GLOBAL PROPERTY ETF
JSE code: SYGP
ISIN: ZAE000251369
(“SYGP”)

A portfolio in the Sygnia Itrix Collective Investment Scheme in Securities, registered as such in terms of the Collective Investment Schemes
Control Act, 45 of 2002.

DISTRIBUTION FINALISATION ANNOUNCEMENT PERIOD ENDED 30 JUNE 2021

The Manager and Trustees of the Sygnia Itrix Collective Investment Scheme (being Sygnia Itrix (RF) (Pty) Limited and Standard
Bank of South Africa Limited), respectively, have declared a distribution to holders of SYGP securities ("investors") recorded in the
register on Friday, 16 July 2021 in respect of the period ended 30 June 2021.

An aggregated amount of 42.20950 ZAR cents (R 0.42209) per SYGP security is declared as follows:

                                                                                                    Subject to
                                                                                                    withholding
 Alpha                                          Source of          Gross Distribution (cents per      tax        Withholding   Net Distribution (cents per
 code      Dividend/Interest   Foreign/Local    funds              unit)                            (yes/no)        Tax (%)    unit)
                               Foreign (S64N
 SYGP      Dividend            rebate)          Various                                  42.19205   No                                            42.19205
           Interest            Foreign          Australia                                 0.01464   No                                             0.01464
           Interest            Local            South Africa                              0.00281   No                                             0.00281
 Total                                                                                   42.20950                                                 42.20950



Notice is hereby given that the following dates are of importance in regard to the distribution for the period ended 30 June 2021 by the ETF
to holders of SYGP securities:

Last day to trade “cum” distribution:                Tuesday,        13   July   2021
Securities trade “ex” distribution:                  Wednesday,      14   July   2021
Record date:                                         Friday,         16   July   2021
Payment date:                                        Monday,         19   July   2021

The distribution will be paid on Monday, 19 July 2021 to all securities holders recorded in the register on Friday, 16 July 2021.
 1 NET FOREIGN DIVIDEND NOT TAXED (S64N rebate)


 Gross dividends                                     59.25288
 Foreign dividend withholding tax                   -12.65818
 Less Interest Expense                               0.00000
 Less Portfolio costs                                -4.40265
 Distributable dividend                              42.19205


 SA dividend withholding tax
 Gross dividend                                      59.25288
 Less Portfolio costs                                -4.40265
 Net dividend                                        54.85023
 SA dividend withholding tax                         10.97005

SA tax 10.97005 cents (20%) will not be deducted as foreign dividend withholding tax has already been deducted (SECTION 64N).

Equalisation amount has been proportionally net off against all categories.

Source of Foreign Dividend not Taxed (S64N rebate)


 United States     56.56%
 Germany           20.97%
 China             9.27%
 Japan             8.54%
 United Kingdom    1.99%
 Australia         1.80%
 Switzerland       0.87%



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.



08 July 2021

Manager
Sygnia Itrix (RF) (Proprietary) Limited

Trustee
The Standard Bank of South Africa Limited

Sponsor
Vunani Sponsors

Date: 08-07-2021 02:15:00
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