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Distribution Finalisation Announcement Quarter end 30 June 2022 - STXIND
SATRIX COLLECTIVE INVESTMENT SCHEME
SATRIX INDI PORTFOLIO
JSE code: STXIND
ISIN code: ZAE000036364
("Satrix Indi")
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 FINALISATION ANNOUNCEMENT QUARTER END 30 JUNE 2022 - STXIND
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 Indi securities ('investors') recorded in the register on Friday, 22 July 2022 in respect of the quarter ended 30 June
2022.
An aggregate amount of 27.62000 cents (R0.27620) per Satrix Indi security is declared as follows:
Dividend
Tax
Alpha Code: STXIND Dividend Dividend (64N > *Interest Total
Reclaim
DTA)
Foreign SA Foreign SA Foreign SA
Distribution Source type Local Listed Listed listed Local
Net Distribution Reinvested No No No No No
Source of Funds (Country Code) ZA GB BE CH (CFR) ZA
Subject to Foreign Withholding tax No No Yes No No
Gross Foreign Rate (cents per unit) 12.57180 1.12471 0.00660
Foreign Tax % withheld at source 30.00000%
Foreign Tax amount per unit 0.33741
DTA with Source Country 15%
Foreign Tax Reclaim % 15%
Portfolio/Management Cost 0.19594
Interest Expense
Other costs
Gross ZA Distribution (Cents per unit) 14.28312 12.57180 0.59136 0.00660 0.16712 27.62000
**Applicable to non-exempt South African shareholders Gross Local Rate (cents per unit)
14.28312 12.57180 0.92877 0.00660 0.16712
SA Withholding Tax % 20.00000% 20.00000% 5.00000%
SA Withholding Tax amount per unit 2.85662 2.51436 0.04644
Local Net Rate 11.42650 10.05744 0.54492 0.00660 0.16712 22.20258
Notice is hereby given that the following dates are of importance in regard to the distribution for the quarter ended 30 June 2022 by the ETF to holders of Satrix
Indi securities:
Last day to trade “cum” distribution: Tuesday, 19 July 2022
Securities trade “ex” distribution: Wednesday, 20 July 2022
Record date: Friday, 22 July 2022
Payment date: Monday, 25 July 2022
The distribution will be paid on Monday, 25 July 2022 to all securities holders recorded in the register on Friday, 22 July 2022.
*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.
Sandton
14 July 2022
JSE Sponsor
Vunani
Date: 14-07-2022 03:45:00
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