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FNB CIS MANCO (RF) (PROPRIETARY) LIMITED - FNBWGB - Distribution Finalisation Announcement

Release Date: 15/05/2023 13:45
Code(s): FNBWGB     PDF:  
Wrap Text
FNBWGB - Distribution Finalisation Announcement

FNB CIS Manco (RF) Proprietary Limited
FNB World Government Bond ETF (formerly known as Ashburton World Government Bond ETF)
A portfolio in the FNB Collective Investment Scheme in Securities Exchange Traded Funds (the “portfolio”)
registered in terms of the Collective Investment Schemes Control Act, 45 of 2002
Share Code: FNBWGB
ISIN: ZAE000303137


DISTRIBUTION FINALISATION ANNOUNCEMENT


The manager and trustees (namely FNB CIS Manco (RF) Proprietary Limited and Standard Chartered
Bank) have resolved to make a quarterly distribution to the holders of the FNB World Government Bond
ETF securities for the quarter ended 30 April 2023.


The aggregate distribution will amount to 2.51511 cents per FNB World Government Bond ETF security
and is constituted as follows:


 Alpha Code: FNBWGB                        *Interest       *Interest            Other income             Total
 Distribution Source type                   Local           Foreign                Local
 Net Distribution Reinvested                No              No                     No
 Source of Funds (Country Code)             ZA              Table 1                ZA
 Subject to Foreign Withholding tax         No              No                     No
 Gross Foreign Rate (cents per unit)        0.01728         1.79235                0.70548
 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)    0.01728         1.79235               0.70548               2.51511
            ***Applicable to non-exempt South African shareholders
 Gross Local Rate (cents per unit)         0.01728         1.79235               0.70548
 SA Withholding Tax %
 SA Withholding Tax amount per unit
 Local Net Rate                            0.01728         1.79235               0.70548               2.51511
 Table 1
                         Country                          ISO Code                           Split
 Spain                                                    ES                                    3%
 United States                                            US                                   23%
 Great Britain                                            GB                                    3%
 Australia                                                AU                                    5%
 Malayisa                                                 MY                                    2%
 Japan                                                    JP                                   19%
 Germany                                                  DE                                   21%
 France                                                   FR                                   12%
 Mexico                                                   MX                                    3%
 Belguim                                                  BE                                    4%
 Denmark                                                  DK                                    1%
 Austria                                                  AT                                    2%
 Canada                                                   CA                                    1%
                                                                                           100.00%



*Source of funds: Sovereign bonds coupons which are constituents of the FTSE World Government
Bond Index


Notice is hereby given that the following dates are of importance regarding the distribution for the quarter
ended 30 April 2023 to the holders of the FNB World Government Bond ETF securities:


Last day to trade “cum” distribution:                          Tuesday, 23 May 2023
Securities trade “ex” distribution:                          Wednesday, 24 May 2023
Record date:                                                    Friday, 26 May 2023
Payment date:                                                   Monday, 29 May 2023


Creations or redemptions from the fund will not be allowed during the period from 23 May 2023 to
26 May 2023 both days inclusive.


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 comprises 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.


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.

There are 37,134,683 FNB World Government Bond ETF securities in issue. The total distribution amount
payable is R 933,978.12.


FNB World Government Bond ETF Income Tax number is 2037/954/17/5.

A copy of the ETF issue document can be found at: https://www.fnb.co.za/share-investing/exchange-traded-funds.html



15 May 2023
Johannesburg

Debt Sponsor
RAND MERCHANT BANK (A division of FirstRand Bank Limited)

Date: 15-05-2023 01:45:00
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