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SATRIX COLLECTIVE INVESTMENT SCHEME - Distribution Finalisation Announcement Quarter End 30 September 2021 - STX40

Release Date: 07/10/2021 16:45
Code(s): STX40     PDF:  
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Distribution Finalisation Announcement Quarter End 30 September 2021 - STX40

SATRIX COLLECTIVE INVESTMENT SCHEME
SATRIX 40 PORTFOLIO
JSE code: STX40
ISIN code: ZAE000027108
("Satrix 40")

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 30 SEPTEMBER 2021 – STX40

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 40 securities ("investors") recorded in the register on Friday, 15 October 2021 in respect of the quarter ended 30 September 2021.

An aggregate amount of 130.5000 cents (R1.30500) per Satrix 40 security is declared as follows:
                                                                                                        Dividend
                                                                                                        (64N >        Tax
 Alpha Code: STX40                                Dividend     Dividend      Dividend      Dividend     DTA)          Reclaim      *Interest    Total
                                                               Foreign SA    Foreign SA    Foreign SA   Foreign SA    Foreign
 Distribution Source type                         Local        Listed        Listed        Listed       Listed        SA listed    Local
 Net Distribution Reinvested                      No           No            No            No           No            No           No
 Source of Funds (Country Code)                   ZA           GB            LU            IM           CH            CH (CFR)     ZA
 Subject to Foreign Withholding tax               No           No            No            No           Yes           No           No
 Gross Foreign Rate (cents per unit)                           81.51446      0.51618       1.06264      13.61322      0.22687
 Foreign Tax % withheld at source                                                                       35.00000%
 Foreign Tax amount per unit                                                                            4.76462
 DTA with Source Country                                                                                15%
 Foreign Tax Reclaim %                                                                                  5%
 Portfolio/Management Cost                                                                              0.26180
 Interest Expense
 Other costs
 Gross ZA Distribution (Cents per unit)         38.43721     81.51446    0.51618      1.06264           8.58680       0.22687      0.15584      130.50000
                                          **Applicable to non-exempt South African shareholders
 Gross Local Rate (cents per unit)              38.43721     81.51446    0.51618      1.06264           13.35142      0.22687      0.15584
 SA Withholding Tax %                           20.00000% 20.00000% 20.00000% 20.00000%                 5.00000%
 SA Withholding Tax amount per unit             7.68744      16.30289    0.10324      0.21253           0.66757
 Local Net Rate                                 30.74977     65.21157    0.41294      0.85011           7.91923       0.22687      0.15584      105.52633
Notice is hereby given that the following dates are of importance in regard to the distribution for the quarter ended 30 September 2021 by the ETF to holders of Satrix 40
securities:

 Last day to trade “cum” distribution:                                         Tuesday, 12 October 2021
 Securities trade “ex” distribution:                                           Wednesday, 13 October 2021
 Record date:                                                                  Friday, 15 October 2021
 Payment date:                                                                 Wednesday, 20 October 2021


The distribution will be paid on Wednesday, 20 October 2021 to all securities holders recorded in the register on Friday, 15 October 2021.


*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

7 October 2021

JSE Sponsor
Vunani

Date: 07-10-2021 04:45:00
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