Distribution Finalisation Announcement Period Ended 31 December 2021
The Sygnia Itrix Collective Investment Scheme
Sygnia Itrix SWIX 40 ETF
JSE code: SYGSW4
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 31 DECEMBER 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 SYGSW4 securities ("investors") recorded in the
register on Friday, 14 January 2022 in respect of the period ended 31 December 2021.
An aggregated amount of 21.25763 ZAR cents (R 0.21257) per SYGSW4 security is declared as follows:
Alpha Code: SYGSW4 Dividend Dividend Dividend (64N > DTA) *Interest REIT Total
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) 3.74712 0.53294
Foreign Tax % withheld at source 0.00% 35.00%
Foreign Tax amount per unit 0.18653
DTA with Source Country 15.00%
Foreign Tax Reclaim %
Portfolio/Management Cost 0.01543
Other costs 0.00730
Gross ZA Distribution (Cents per unit) 16.63136 3.74712 0.32368 0.06530 0.49017 21.25763
***Applicable to non-exempt South African shareholders
Gross Local Rate (cents per unit) 16.63136 3.74712 0.51021 0.06530 0.49017
SA Withholding Tax % 20.00% 20.00% 5.00% Note 1
SA Withholding Tax amount per unit 3.32627 0.74942 0.02551
Local Net Rate 13.30509 2.99770 0.29817 0.06530 0.49017 17.15643
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 0.49017 and the net rate is 0.39214 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 SYGSW4 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 88.34%
Isle of Man IM 7.85%
Luxembourg LU 3.81%
***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
Date: 06-01-2022 02:05:00
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