To view the PDF file, sign up for a MySharenet subscription.

CORESHARES INDEX TRACKER MANAGERS (RF) PROPRIETARY LIMITED - Distribution Announcement

Release Date: 08/10/2020 08:32
Code(s): CSPROP     PDF:  
Wrap Text
Distribution Announcement

 CoreShares Index Tracker Managers (RF) Proprietary Limited
 Coreshares SA Property Income ETF
 Share code: CSPROP
 ISIN: ZAE000273165


A portfolio in the CoreShares Index Tracker Collective Investment Scheme registered as such in
terms of the Collective Investment Schemes Control Act, 45 of 2002, managed by CoreShares Index
Tracker Managers (RF) Proprietary Limited

DISTRIBUTION ANNOUNCEMENT

Holders of the security are advised that a distribution will be made in respect of the three months
ended 30 September 2020.

The following dates are of importance with regards to the distribution

 Last day to trade cum distribution:                                      Tuesday, 13 October 2020
 Ex-date:                                                               Wednesday, 14 October 2020
 Record date:                                                               Friday, 16 October 2020
 Payment date:                                                            Monday, 19 October 2020


An aggregated amount of 4.10000 cents per security is declared.

The nature and source of the distribution is explained in the following table:

 Dividend/Interest     Foreign/ Local        Gross          Subject to      Withholding   Net
                                           Distribution    Withholding       Tax (%)    Distribution
                                             (Cents        tax Yes/                    (Cents
                                            per unit)      No                           per unit)

 Dividend             Foreign Dual              0.50000   Yes                      20       0.40000
 Dividend             REIT                      3.57000   Yes                      20       2.85600
 Interest             Local                     0.03000   No                                0.03000
 TOTAL                                          4.10000                                     3.28600


 Source of foreign taxable dividends
 Guernsey                                                                                    99.97%
 Isle of Man                                                                                  0.03%
 TOTAL                                                                                      100.00%


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
Central Securities Depository Participant (“CSDP”) or broker with the following:

a) a declaration that the distribution is exempt from dividends tax; and

b) a written undertaking to inform their CSDP or broker, 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, to arrange for the abovementioned documents to be
submitted prior to payment of the distribution, if such documents have not already been submitted.

Withholding Tax on Interest (WTI) came into effect on 1 March 2015.

Investors are advised that to the extent that the distribution amount comprises 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.

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 in respect of its
participatory interest:

a) a declaration that the dividend is subject to a reduced rate because of the application of a DTA; and

b) a written undertaking to inform the CSDP or broker 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 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.

Date of announcement: 08 October 2020

Sponsor

Grindrod Bank Limited

Date: 08-10-2020 08:32:00
Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of
 the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct, 
indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on,
 information disseminated through SENS.

Share This Story