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

Release Date: 06/01/2022 08:33
Code(s): GLODIV     PDF:  
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Distribution Announcement - GLODIV

CoreShares Index Tracker Managers (RF) Proprietary Limited
Coreshares Global Dividend ETF
Share Code:GLODIV
ISIN:ZAE000254249

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 six months ended 31 December 2021

The following dates are of importance with regards to the distribution

Last day to trade cum distribution:                                                                                                Tuesday, 11 January 2022
Ex-date:                                                                                                                         Wednesday, 12 January 2022
Record date:                                                                                                                        Friday, 14 January 2022
Payment date:                                                                                                                       Monday, 17 January 2022

An aggregated amount of 12.70003 cents per security is declared.

The nature and source of the distribution is explained in the following table:

GLODIV                                           Dividend                     Interest           Interest         TOTAL
Source                                           Foreign Not SA listed        Local              Foreign
Net Distribution Reinvested                      No                           No                  No
Source of Funds (Country Code)                   Table 1                      ZA                  US
Subject to Foreign Withholding tax               Table1                       No                  No
Gross Foreign Rate (cents per unit)             15,61890                                       -0,00364
Foreign Tax % withheld at source                 Table 1                                                              0%
Foreign Tax amount per unit                      2,97674                                        0,00000
DTA with Source Country                          0,00000                                        0,00000
Foreign Tax Reclaim %                                  0%                                             0%
Portfolio/Management Cost
Interest Expense
Other Costs
Gross ZA Distribution (Cents per unit)           12,64216                    0,06151            -0,00364        12,70003
                                      Applicable to non-exempt South African shareholders
Gross Local Rate (cents per unit)                12,64216                    0,06151            -0,00364
SA Withholding Tax %                                    0%                        0%                   0%
SA Withholding Tax amount per unit                 0,00000                   0,00000             0,00000
Local Net Rate                                    12,64216                   0,06151            -0,00364        12,70003

Table 1
                                                                                               Foreign Tax % withheld
Country                                          ISO Code                        Split          at source
Spain                                            ES                             2,86838%         18,99958%
United States                                    US                            54,48002%         30,73692%
Great Britain                                    GB                            33,81435%          0,00000%
Ireland                                          IE                             1,56087%         19,35272%
Canada                                           CA                             3,75974%         25,00043%
Jersey                                           JE                             1,43275%          0,00000%
Denmark                                          DK                             0,68084%         26,99831%
Netherlands                                      NL                             0,18964%         14,98987%
Sweden                                           SE                             0,27332%         29,98360%
Norway                                           NO                             0,94008%         24,66798%

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.


Distributions by Real Estate Investment Trusts (REITs) are subject to income tax for South African tax residents and for non-residents it is subject to 20% SA withholding tax.


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.

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: 06 January 2022

Sponsor : Grindrod Bank Limited

Date: 06-01-2022 08:33:00
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