Wrap Text
ETFGRE-Distribution Finalization
1NVEST GLOBAL REIT INDEX FEEDER ETF (??ETFGREIT??) (being a portfolio under the STANLIB ETF Collective
Investment Scheme registered in the Republic of South Africa in terms of the Collective Investment Schemes
Control Act ??CISCA??)
Share Code: ETFGRE
Abbreviated Name: ETFGREIT
ISIN: ZAE000255196
DISTRIBUTION FINALISATION ANNOUNCEMENT QUARTER ENDED 30 SEPTEMBER 2023
The manager of the STANLIB ETF Collective Investment Scheme (??the Manager??) has resolved to make a
quarterly distribution to Securities Holders for the quarter ended 30 September 2023 ("the Distribution")
in an amount of 19.22000 cents per ETFGREIT ETF security. The distribution will be constituted as follows:
Alpha Code: ETFGRE Dividend Interest Total
Distribution Source type Foreign Not SA listed Local
Net Distribution Reinvested No No
Source of Funds (Country Code) US ZA
Subject to Foreign Withholding tax Yes No
Gross Foreign Rate (cents per unit) 22.27000
Foreign Tax % withheld at source 15.04266%
Foreign Tax amount per unit 3.35000
DTA with Source Country
Foreign Tax Reclaim %
Portfolio/Management Cost
Interest Expense
Other costs
Gross ZA Distribution (Cents per unit) 18.92000 0.30000 19.22000
Applicable to non-exempt South African shareholders
Gross Local Rate (cents per unit) 22.27000 0.30000
SA Withholding Tax %
SA Withholding Tax amount per unit
Local Net Rate 18.92000 0.30000 19.22000
Notice is hereby given that the following dates are of importance in regard to the distribution for quarter
ended 30 September 2023 by the ETF to holders of ETFGREIT securities:
Last day to trade cum distribution: Tuesday,17 October 2023
Securities trade ex distribution: Wednesday,18 October 2023
Record date: Friday,20 October 2023
Payment date: Monday,23 October 2023
The distribution will be paid on Monday,23 October 2023 to all securities holders recorded in the register
on Friday,20 October 2023.
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 maybe 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.
Johannesburg
12 October 2023
Sponsor
The Standard Bank of South Africa Limited
Date: 12-10-2023 09:57:00
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