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SATRIX COLLECTIVE INVESTMENT SCHEME - Distribution Finalisation Announcement Quarter End 31 December 2023 - STXID

Release Date: 09/01/2024 16:17
Code(s): STXID     PDF:  
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Distribution Finalisation Announcement Quarter End 31 December 2023 - STXID

SATRIX COLLECTIVE INVESTMENT SCHEME
SATRIX INCLUSION & DIVERSITY ETF
JSE code: STXID
ISIN code: ZAE000300570
("Satrix ID")

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 31 DECEMBER 2023 - STXID

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 ID securities ('investors') recorded in the
register on Friday, 19 January 2024 in respect of the quarter ended 31 December 2023.


An aggregate amount of 24.63000 cents (R0.24630) per Satrix ID security is declared as follows:

Alpha Code: STXID                                  Dividend      Dividend        REIT
                                                                                              Total
                                                           Foreign SA
Distribution Source type                     Local         Listed            Local
Net Distribution Reinvested                  No            No                No
Source of Funds (Country Code)               ZA            GB                ZA
Subject to Foreign Withholding tax           No            No                No
Gross Foreign Rate (cents per unit)                        5.43037
Foreign Tax % withheld at source
Foreign Tax amount per unit
DTA with Source Country
Foreign Tax Reclaim %
Portfolio/Management Cost
Interest Expense
Other costs
Gross ZA Distribution (Cents per unit)       13.68092      5.43037           5.51871         24.63000
               **Applicable to non-exempt South African shareholders
Gross Local Rate (cents per unit)            13.68092      5.43037           5.51871
SA Withholding Tax %                         20.00000% 20.00000%             Note 1
SA Withholding Tax amount per unit           2.73618       1.08607
Local Net Rate                               10.94474      4.34430           5.51871         20.80775

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 5.51871 cents per unit and the
net rate is 4.41497 cents per unit.

Notice is hereby given that the following dates are of importance in regard to the distribution for the quarter ended 31
December 2023 by the ETF to holders of Satrix ID securities:


Last day to trade "cum" distribution:             Tuesday, 16 January 2024

Securities trade "ex" distribution:               Wednesday, 17 January 2024

Record date:                                      Friday, 19 January 2024

Payment date:                                     Monday, 22 January 2024


The distribution will be paid on Monday, 22 January 2024 to all securities holders recorded in the register on Friday, 19
January 2024.

*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

09 January 2024

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Date: 09-01-2024 04:17:00
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