SATRIX COLLECTIVE INVESTMENT SCHEME - Distribution And Re-Investment Announcement For August 2021 - STXRAF

Distribution And Re-Investment Announcement For August 2021 - STXRAF

SATRIX COLLECTIVE INVESTMENT SCHEME
SATRIX RAFI 40
JSE code: STXRAF
ISIN: ZAE000126033
(“Satrix RAFI 40”)

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 AND RE-INVESTMENT ANNOUNCEMENT FOR AUGUST 2021 - STXRAF

Investors are advised that 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 RAFI 40 securities("investors”) recorded in the register on Friday, 10 September
2021 in respect of the month ended 31 August 2021.

An aggregated amount of 0.27 ZAR cents (R 0.00270) per Satrix RAFI 40 security is declared as follows:

 Alpha Code: STXRAF                                           Dividend      Dividend     *Interest      TOTAL
                                                                           Foreign SA
 Distribution Source type                                  Local             Listed         Local
 Net Distribution Reinvested                                Yes               Yes            Yes
 Source of Funds (Country Code)                              ZA                GB            ZA
 Subject to Foreign Withholding tax                          No                No            No
 Gross Foreign Rate (cents per unit)                                        0.25730
 Foreign Tax % withheld at source
 Foreign Tax amount per unit
 DTA with Source Country
 Foreign Tax Reclaim %
 Portfolio/Management Cost
 Interest Expense
 Other costs
 Gross ZA Distribution (cents per unit)                   0.01118     0.25730             0.00152      0.27000
                    ***Applicable to non-exempt South African shareholders
 Gross Local Rate (cents per unit)                        0.01118     0.25730             0.00152
 SA Withholding Tax %                                   20.00000% 20.00000%
 SA Withholding Tax amount per unit                       0.00224     0.05146
 Local Net Rate                                           0.00894     0.20584             0.00152      0.21630


Notice is hereby given that the following dates are of importance regarding the distribution for the month ending 31 August 2021 by the ETF to holders of
Satrix RAFI 40 securities:

 Last day to trade “cum” distribution:                                       Tuesday, 7 September 2021
 Securities trade “ex” distribution:                                         Wednesday, 8 September 2021
 Record date:                                                                Friday, 10 September 2021
 Payment date:                                                               Monday, 13 September 2021


The distribution will be paid on Monday, 13 September 2021 to all securities holders recorded in the register on Friday, 10 September 2021.

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 ch ange 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.

In accordance with the investment policy of Satrix RAFI 40 the distribution (excluding the dividends tax as detailed above) will be re-invested on behalf of
investors through the purchase of securities comprising the FTSE/JSE RAFI 40 Index in accordance with the calculation methodology of the total return version
of this Index, thereby increasing the net asset value of Satrix RAFI 40 and, proportionately, each Satrix RAFI 40 security.

The distribution (excluding the dividend tax as detailed above) will:

    •   where Satrix RAFI 40 securities are held on capital account be added to the base cost of each Satrix RAFI 40 security for capital gains tax purposes; or
    •   where Satrix RAFI 40 securities are held as trading stock be regarded as part of the cost of acquiring a Satrix RAFI 40 security.


Sandton

2 September 2021

Sponsor
Vunani

Date: 02-09-2021 05:06:00
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