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ASHEQF - Distribution Finalisation Announcement
Ashburton Management Company RF Proprietary Limited
Ashburton Global 1200 Equity FOF ETF
A portfolio in the Ashburton Collective Investment Scheme in Securities Exchange Traded Funds (“the
portfolio”) registered in terms of the Collective Investment Schemes Control Act, 45 of 2002
Share Code: ASHEQF
ISIN: ZAE000289872
(“ASHGEQFOF”)
DISTRIBUTION FINALISATION ANNOUNCEMENT
The manager and trustees (namely Ashburton Management Company RF Proprietary Limited and
Standard Chartered Bank) have resolved to make a distribution to the holders of the Ashburton Global 1200
Equity FOF ETF securities for the quarter ended 30 April 2021.
The aggregate distribution will amount to 14.58600 cents per Ashburton Global 1200 Equity FOF ETF
security and is constituted as follows:
Amount
Gross Subject to SA Net
Foreign Available for
Alpha Foreign/ Distribution Withholding Withholding Distribution
Dividend/Interest Withholding Distribution
code Local (Cents per tax Tax (%) (Cents per
Tax (%) (Cents per
unit) Yes/ No unit)
unit)
ASHEQF Dividend Foreign* 13.98052 Yes 3.32182 13.51612 0.00000 13.51612
Interest Foreign 0.00217 No 0.00000 0.00217 0.00000 0.00217
Interest Local 0.02164 No 0.00000 0.02164 0.00000 0.02164
Other Income Local 1.04606 No 0.00000 1.04606 0.00000 1.04606
15.05041 14.58600 14.58600
*Source of funds: various companies from around the world that are constituents of the S&P Global 1200 Index.
**The foreign dividends are not subject to SA Dividend Tax, as none of the shares are listed in South Africa. South African
tax residents may be subject to SA Income Tax on these dividends.
Notice is hereby given that the following dates are of importance regarding the distribution for the quarter
ended 30 April 2021 to the holders of the Ashburton Global 1200 Equity FOF ETF securities:
Last day to trade “cum” distribution: Tuesday, 18 May 2021
Securities trade “ex” distribution: Wednesday, 19 May 2021
Record date: Friday, 21 May 2021
Payment date: Monday, 24 May 2021
Creations or redemptions from the fund will not be allowed during the period from 18 May 2021 to
21 May 2021, both days inclusive.
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 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.
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.
Additional information:
The dividend distribution as outlined above is subject to the amendment to Dividends Tax that was
introduced with effect from 22 February 2017. The dividend, as defined in the Income Tax Act of 1962, is
payable from dividends accumulated in the fund. The South African Dividend Tax rate of 20% has been
applied to both local and foreign dividends.
There are 19,869,000 Ashburton Global 1200 Equity FOF ETF securities in issue. The total dividend
amount payable is R 2,898,091.90.
Ashburton Global 1200 Equity FOF ETF Income Tax number is 3356/058/17/6.
A copy of the ETF issue document can be found at:
https://www.ashburtoninvestments.com/za/individual-investor/fund/ashburton-global-1200-equity-
etf/zae000289872
12 May 2021
Johannesburg
Debt Sponsor
RAND MERCHANT BANK (A division of FirstRand Bank Limited)
Date: 12-05-2021 11:44:00
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