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SATRIX COLLECTIVE INVESTMENT SCHEME - Distribution Finalisation Announcement Quarter End 30 September 2021 - STXRAF

Release Date: 07/10/2021 16:30
Code(s): STXRAF     PDF:  
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Distribution Finalisation Announcement Quarter End 30 September 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 SEPTEMBER 2021 - STXRAF

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, 15 October 2021 in respect of the month ended 30 September 2021.

An aggregated amount of 32.86000 ZAR cents (R 0.32860) per Satrix RAFI 40 security is declared as follows:
                                                                                                    Dividend
                                                                                                      (64N >            Tax
 Alpha Code: STXRAF                                       Dividend     Dividend       Dividend         DTA)          Reclaim      *Interest       Total
                                                                      Foreign SA Foreign SA Foreign SA             Foreign SA
 Distribution Source type                                Local        Listed         Listed        Listed          listed        Local
 Net Distribution Reinvested                             Yes          Yes            Yes           Yes             Yes           Yes
 Source of Funds (Country Code)                          ZA           GB             IM            CH              CH (CFR)      ZA
 Subject to Foreign Withholding tax                      No           No             No            Yes             No            No
 Gross Foreign Rate (cents per unit)                                  19.83977       0.42551       2.46806         0.01688
 Foreign Tax % withheld at source                                                                  35.00000%
 Foreign Tax amount per unit                                                                       0.86382
 DTA with Source Country                                                                           15%
 Foreign Tax Reclaim %                                                                             5%
 Portfolio/Management Cost                                                                         0.03554
 Interest Expense
 Other costs
 Gross ZA Distribution (Cents per unit)                  10.98200     19.83977       0.42551       1.56870         0.01688       0.02714         32.86000
                                        **Applicable to non-exempt South African shareholders
 Gross Local Rate (cents per unit)                       10.98200     19.83977       0.42551       2.43252         0.01688       0.02714
 SA Withholding Tax %                                    20.00000% 20.00000% 20.00000% 5.00000%
 SA Withholding Tax amount per unit                      2.19640      3.96795        0.08510       0.12163
 Local Net Rate                                          8.78560      15.87182       0.34041       1.44707         0.01688       0.02714         26.48892
Notice is hereby given that the following dates are of importance regarding the distribution for the month ending 30 September 2021 by the ETF to holders of Satrix RAFI 40
securities:

 Last day to trade “cum” distribution:                                     Tuesday, 12 October 2021
 Securities trade “ex” distribution:                                       Wednesday, 13 October 2021
 Record date:                                                              Friday, 15 October 2021
 Payment date:                                                             Wednesday, 20 October 2021


The distribution will be paid on Wednesday, 20 October 2021 to all securities holders recorded in the register on Friday, 15 October 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 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.

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

7 October 2021

JSE Sponsor
Vunani

Date: 07-10-2021 04:30:00
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