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

Release Date: 08/10/2020 08:36
Code(s): SMART     PDF:  
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Distribution Announcement

 CoreShares Index Tracker Managers (RF) Proprietary Limited
 Coreshares SciBeta Multifactor ETF
 Share code: SMART
 ISIN: ZAE000269502


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 19.88000 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            Local                       7.27000   Yes                    20       5.81600
 Dividend            Foreign Dual               11.17000   Yes                    20       8.93600
 Dividend            Foreign Dual (S64N                    No
                                                 1.17000                                   1.17000
                     rebate)
 Interest            Local                      0.27000    No                              0.27000
 TOTAL                                         19.88000                                   16.19200


 Source of foreign taxable dividends
 Great Britain                                                                               93.37%
 Isle of Man                                                                                  0.01%
 Australia                                                                                    6.62%
 TOTAL                                                                                      100.00%


 Source of foreign non-taxable dividends (received from dual listed companies -
 S64N)
 Switzerland                                                                            100.00%


 Calculation of the non-taxable Net Foreign Dividend
 (S64N rebate)
 Gross dividend                                                                             1.80000
 Less: Foreign dividend withholding tax                                                    -0.63000
 Distributable non taxable dividend (S64N rebate)                                           1.17000


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 08:36:00
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