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Distribution Finalisation Announcement Period Ended 31 December 2023 - SYGEMF
The Sygnia Itrix Collective Investment Scheme
Sygnia Itrix MSCI EMERGING MARKETS 50 ETF
JSE code: SYGEMF
ISIN: ZAE000297792
("SYGEMF")
A portfolio in the Sygnia Itrix Collective Investment Scheme in Securities, registered as such in terms of the Collective Investment Schemes
Control Act, 45 of 2002.
DISTRIBUTION FINALISATION ANNOUNCEMENT PERIOD ENDED 31 DECEMBER 2023 - SYGEMF
The Manager and Trustees of the Sygnia Itrix Collective Investment Scheme (being Sygnia Itrix (RF) (Pty) Limited and Standard
Bank of South Africa Limited), respectively, have declared a distribution to holders of SYGEMF securities ("investors") recorded in the
register on Friday, 12 January 2024 in respect of the period ended 31 December 2023.
An aggregated amount of 21.34448 ZAR cents (R 0.21345) per SYGEMF security is declared as follows:
Alpha Code: SYGEMF Dividend Dividend *Interest *Interest Total
Distribution Source type Local Foreign Not SA listed Foreign Local
Net Distribution Reinvested No No No No
Source of Funds (Country Code) South Africa Table 1 United States South Africa
Subject to Foreign Withholding tax No Yes No No
Gross Foreign Rate (cents per unit) 26.34230 0.01583
Foreign Tax % withheld at source 13.37059%
Foreign Tax amount per unit 3.52212
DTA with Source Country
Foreign Tax Reclaim %
Portfolio/Management Cost 1.47043
Interest Expense
Other costs 0.09753
Gross ZA Distribution (Cents per unit) 0.04854 21.25222 0.01583 0.02789 21.34448
***Applicable to non-exempt South African shareholders
Gross Local Rate (cents per unit) 0.04854 21.25222 0.01583 0.02789
SA Withholding Tax % 20.00%
SA Withholding Tax amount per unit 0.00971
Local Net Rate 0.03883 21.25222 0.01583 0.02789 21.33477
Notice is hereby given that the following dates are of importance in regard to the distribution for the period ended 31 December 2023 by the
ETF to holders of SYGEMF securities:
Last day to trade "cum" distribution: Tuesday, 09 January 2024
Securities trade "ex" distribution: Wednesday, 10 January 2024
Record date: Friday, 12 January 2024
Payment date: Monday, 15 January 2024
The distribution will be paid on Monday, 15 January 2024 to all securities holders recorded in the register on Friday, 12 January 2024.
Table 1
Country ISO Code Split
China CN 38.89%
Cayman Islands KY 0.95%
Taiwan TW 25.13%
Saudi Arabia SA 11.86%
South Korea KR 5.13%
United States US 18.04%
***South African tax: 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.
*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.
04 January 2024
Manager
Sygnia Itrix (RF) (Proprietary) Limited
Trustee
The Standard Bank of South Africa Limited
JSE Sponsor
Vunani Sponsors
Date: 04-01-2024 12:15:00
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