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SYGNIA ITRIX (RF) PROPRIETARY LIMITED - Distribution Finalisation Announcement Period Ended 31 December 2021

Release Date: 06/01/2022 14:03
Code(s): SYGT40     PDF:  
Wrap Text
Distribution Finalisation Announcement Period Ended 31 December 2021

The Sygnia Itrix Collective Investment Scheme
Sygnia Itrix TOP 40 ETF
JSE code: SYGT40
ISIN: ZAE000251351

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.


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 SYGT40 securities ("investors") recorded in the
register on Friday, 14 January 2022 in respect of the period ended 31 December 2021.

An aggregated amount of 149.44467 ZAR cents (R 1.49444) per SYGT40 security is declared as follows:

 Alpha Code: SYGT40                         Dividend        Dividend          Dividend (64N > DTA)     *Interest         REIT              Total

                                                            Foreign SA
 Distribution Source type                   Local           Listed            Foreign SA Listed        Local             Local
 Net Distribution Reinvested                No              No                No                       No                No
 Source of Funds (Country Code)             ZA              Table 1           Switzerland              ZA                ZA
 Subject to Foreign Withholding tax         No              No                Yes                      No                No
 Gross Foreign Rate (cents per unit)                             58.68403                   13.65883
 Foreign Tax % withheld at source                                     0.00%                   35.00%
 Foreign Tax amount per unit                                                                4.78059
 DTA with Source Country                                                                      15.00%
 Foreign Tax Reclaim %
 Portfolio/Management Cost                                                                  0.13465
 Interest Expense                                                                           0.00000
 Other costs                                                                                0.14339
 Gross ZA Distribution (Cents per unit)          79.96295        58.68403                   8.60020            0.48401           1.71348     149.44467
                                     ***Applicable to non-exempt South African shareholders

 Gross Local Rate (cents per unit)                 79.96295      58.68403                 13.38079   0.48401       1.71348

 SA Withholding Tax %                                   20%           20%                       5%                  Note 1

 SA Withholding Tax amount per unit                15.99259      11.73681                 0.66904

 Local Net Rate                                    63.97036      46.94722                 7.93116    0.48401       1.71348    121.04623


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. The Gross rate for non-residents is 1.71348 and the net rate is 1.37078 cents per unit.

Notice is hereby given that the following dates are of importance in regard to the distribution for the period ended 31
December 2021 by the ETF to holders of SYGT40 securities:

Last day to trade “cum” distribution:                  Tuesday,     11   January   2022
Securities trade “ex” distribution:                    Wednesday,   12   January   2022
Record date:                                           Friday,      14   January   2022
Payment date:                                          Monday,      17   January   2022

The distribution will be paid on Monday, 17 January 2022 to all securities holders recorded in the register on Friday, 14 January 2022.


 Country                ISO Code      Split
 United Kingdom         GB              97.34%
 Isle of Man            IM               1.79%
 Luxembourg             LU               0.87%

***South African tax: 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 (“CDSP”) 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, to arrange for the abovementioned documents to be submitted prior to payment
      of the distribution, if such documents have not already been submitted.

*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.

06 January 2022

Sygnia Itrix (RF) (Proprietary) Limited

The Standard Bank of South Africa Limited

Vunani Sponsors

Date: 06-01-2022 02:03:00
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