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

NEWFUNDS COLLECTIVE INVESTMENT SCHEME - Interest Distribution And Re-Investment Announcement For The Month Ended 31 December 2021-NFTRCI

Release Date: 13/01/2022 08:00
Code(s): NFTRCI     PDF:  
Wrap Text
Interest Distribution And Re-Investment Announcement For The Month Ended 31 December 2021-NFTRCI

NEWFUNDS TRACI 3 MONTH EXCHANGE TRADED FUND PORTFOLIO
Share code: NFTRCI
ISIN: ZAE000162251

Portfolios in the NewFunds Collective Investment Scheme in Securities registered as such in terms of the
Collective Investment Schemes Control Act, 45 of 2002 and managed by NewFunds (RF) Proprietary
Limited (Registration Number 2005/034899/07) (“NewFunds”)

INTEREST DISTRIBUTION AND RE-INVESTMENT ANNOUNCEMENT FOR THE MONTH ENDED
31 DECEMBER 2021

NewFunds has today finalised a distribution to holders of NewFunds TRACI ETF securities recorded as
such in the register on Friday, 21 January 2022, for the month ended 31 December 2021 as follows:


Alpha Code: NFTRCI                                    *Interest

Distribution Source type                                   Local
Net Distribution Reinvested                                 Yes
Source of Funds (Country Code)                              ZA
Subject to Foreign Withholding tax                          No
Gross Foreign Rate (cents per unit)
Foreign Tax % withheld at source
Foreign Tax amount per unit
DTA with Source Country
Foreign Tax Reclaim %
Portfolio/Management Cost
Interest Expense
Other costs
Gross ZA Distribution (Cents per unit)                   25.35000
Gross Local Rate (cents per unit)                        25.35000
SA Withholding Tax %
SA Withholding Tax amount per unit
Local Net Rate                                           25.35000

Investors are advised that the distribution amount will not comprise of any dividends, therefore no
dividend tax will be applicable to the distribution amount.

Holders of the ETF securities should note the following dates in relation to the distribution:

Declaration and finalisation                               Thursday, 13 January 2022
Last day to trade                                          Tuesday, 18 January 2022
Securities trading ‘ex’ distribution                       Wednesday, 19 January 2022
Record date                                                Friday, 21 January 2022
Payment date                                               Monday, 24 January 2022


In accordance with the investment policy of the ETFs, the distribution will be re-invested on behalf of
investors via the purchase by the ETF of additional Constituent Securities, or Index Constituents, (as
defined in the relevant Portfolio Supplement) in the appropriate weightings, thereby increasing the net asset
value of the ETF and, proportionately increasing the value of each ETF security.

The distribution should:
- be added to the base cost of each ETF security for capital gains tax purposes; or
- where the ETF securities are held as trading stock be regarded as part of the cost of acquiring an ETF
security.

Reinvestments into the portfolio still constitute a notional distribution even though it will not be paid in cash.
Consequently, it forms part of investors' gross income as it is subject to tax.

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
authorised 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 is
not subject to WTI by virtue of the fact that it is Government debt, listed debt instruments and/or
bank debt.

Additional information:
                                        Number of securities in issue       Tax reference number
NFTRCI                                 8,316,726                           9397128175


13 January 2022

JSE Sponsor
Vunani

Date: 13-01-2022 08:00:00
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