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SYGNIA ITRIX (RF) PROPRIETARY LIMITED - Special Distribution Finalisation Announcement For The Period Ended 14 November 2023 - SYGT40

Release Date: 14/11/2023 14:16
Code(s): SYGT40     PDF:  
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Special Distribution Finalisation Announcement For The Period Ended 14 November 2023 - SYGT40

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.


Investors are referred to the announcements released on SENS on 15 August 2023 and 6 November 2023 regarding the amalgamation of the Sygnia
Itrix SWIX 40 ETF ("SYGSW4") with the Sygnia Itrix Top 40 ETF ("SYGT40"). 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, 17 November 2023 in respect of the period ended 14 November

An aggregated amount of 115.49888 ZAR cents (R 1.15499) per SYGT40 security is declared as follows:

                                                          Dividend (64N >
                                Dividend    Dividend                          *Interest        REIT           Total
 Alpha Code: SYGT40                                       DTA)
                                            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)                                  15.89748      6.01597
 Foreign Tax % withheld at
 source                                     0.00%         35.00%
 Foreign Tax amount per unit                              2.10559
 DTA with Source Country                                  15.00%
 Foreign Tax Reclaim %                                    15.00%
 Portfolio/Management Cost                                0.06541
 Interest Expense
 Other costs                                              0.08209
 Gross ZA Distribution (Cents
 per unit)                      91.25088    15.89748      3.76288             1.90032          2.68732        115.49888
                                   ***Applicable to non-exempt South African shareholders

 Gross Local Rate (cents per   91.25088       15.89748        5.86847         1.90032          2.68732

 SA Withholding Tax %          20.00%         20.00%          5.00%                             Note 1

 SA Withholding Tax amount     18.25018       3.17950         0.29342
 per unit

 Local Net Rate                73.00070       12.71798        3.46946         1.90032          2.68732         93.77578

Note 1

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 2.68732 and the net rate is 2.14986 cents per unit.

Notice is hereby given that the following dates are of importance in regard to the special distribution for the period ended 14 November 2023
by the ETF to holders of SYGT40 securities:

Last day to trade "cum" distribution:                    Tuesday,       14   November   2023
Securities trade "ex" distribution:                      Wednesday,     15   November   2023
Record date:                                             Friday,        17   November   2023
Payment date:                                            Monday,        20   November   2023

The special distribution will be paid on Monday, 20 November 2023 to all securities holders recorded in the register on Friday, 17 November

Table 1

 Country                ISO Code   Split
 United Kingdom         GB           71.53%
 Luxembourg             LU            6.31%
 Australia              AU           22.15%

***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.

14 November 2023

Sygnia Itrix (RF) (Proprietary) Limited

The Standard Bank of South Africa Limited

JSE Sponsor
Vunani Sponsors

Date: 14-11-2023 02:16:00
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