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Distribution Finalisation Announcement 2 Months Ended 31 October 2024 - STXCAP
SATRIX COLLECTIVE INVESTMENT SCHEME
SATRIX CAPPED ALL SHARE ETF
JSE code: STXCAP
ISIN: ZAE000303905
("Satrix Cap")
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 2 MONTHS ENDED 31 OCTOBER 2024
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 Cap securities ('investors') recorded in the register on Friday, 15
November 2024 in respect of the 2 months ended 31 October 2024.
An aggregate amount of 49.88000 cents (R0.49880) per Satrix Cap security is declared as follows:
Dividend Dividend Dividend
Other
Alpha Code: STXCAP Dividend Dividend (64N > (64N > (64N > *Interest REIT Total
Income
DTA) DTA) DTA)
Foreign SA Foreign SA Foreign SA Foreign SA
Distribution Source type Local Listed Listed Listed Listed Local Local Local
Net Distribution Reinvested No No No No No No No No
Source of Funds (Country Code) ZA Table 1 CH GB AU ZA ZA ZA
Subject to Foreign Withholding tax No No Yes Yes Yes No No No
Gross Foreign Rate (cents per unit) 4.41469 2.35551 0.08926 2.57929
Foreign Tax % withheld at source 35.00000% 20.00000% 30.00000%
Foreign Tax amount per unit 0.82443 0.01785 0.77379
DTA with Source Country 15.00000% 15.00000% 15.00000%
Foreign Tax Reclaim % 20.00000% 5.00000% 15.00000%
Portfolio/Management Cost 0.04925 0.00230 0.05807
Interest Expense
Other costs
Gross ZA Distribution (Cents per unit) 38.02974 4.41469 1.48183 0.06911 1.74743 0.22346 0.73343 3.18031 49.88000
**Applicable to non-exempt South African shareholders
Gross Local Rate (cents per unit) 38.02974 4.41469 2.30626 0.08696 2.52122 0.22346 0.73343 3.18031
SA Withholding Tax % 20.00000% 20.00000% 5.00000% 5.00000% 5.00000% Note 1
SA Withholding Tax amount per unit 7.60595 0.88294 0.11531 0.00435 0.12606
Local Net Rate 30.42379 3.53175 1.36652 0.06476 1.62137 0.22346 0.73343 3.18031 41.14539
Table 1 - Distribution source table
Country ISO Code Split
Great Britain GB 82.58719%
Mauritius MU 3.67478%
Luxembourg LU 13.73799%
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 3.18031 cents per unit and the net rate is 2.54425 cents per unit.
Notice is hereby given that the following dates are of importance in regard to the distribution for the 2 months ended 31 October 2024 by the
ETF to holders of Satrix Cap securities:
Last day to trade "cum" distribution: Tuesday, 12 November 2024
Securities trade "ex" distribution: Wednesday, 13 November 2024
Record date: Friday, 15 November 2024
Payment date: Monday, 18 November 2024
The distribution will be paid on Monday, 18 November 2024 to all securities holders recorded in the register on Friday, 15 November
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
06 November 2024
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Date: 06-11-2024 11:18:00
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