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Distribution Finalisation Announcement Quarter End 31 March 2023 - STXGPR
SATRIX COLLECTIVE INVESTMENT SCHEME 2
SATRIX REITWAY GLOBAL PROPERTY ETF
JSE code: STXGPR
ISIN code: ZAE000318267
(" SATRIXGPR")
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 31 MARCH 2023
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 SATRIXGPR
securities ('investors') recorded in the register on Friday, 05 May 2023 in respect of the quarter ended 31
March 2023.
An aggregate amount of 78.20000 cents (R0.78200) per SATRIXGPR security is declared as follows:
Alpha Code: STXGPR Dividend Total
Foreign Not
Distribution Source type SA listed
Net Distribution Reinvested No
Source of Funds (Country Code) Table 1
Subject to Foreign Withholding tax Yes
Gross Foreign Rate (cents per unit) 141.59863
Foreign Tax % withheld at source 22.09731%
Foreign Tax amount per unit 31.28949
DTA with Source Country Table 1
Foreign Tax Reclaim %
Portfolio/Management Cost 32.10914
Interest Expense
Other costs
Gross ZA Distribution (Cents per unit) 78.20000 78.20000
***Applicable to non-exempt South African shareholders
Gross Local Rate (cents per unit) 78.20000
SA Withholding Tax %
SA Withholding Tax amount per unit
Local Net Rate 78.20000 78.20000
Table 1
Country ISO code Split DTA
United States US 61% 15%
Japan JP 14% 15%
Australia AU 9% 15%
Singapore SG 5% 10%
France FR 4% 15%
Switzerland CH 2% 15%
Sweden SE 2% 15%
Great Britain GB 2% 10%
Brazil BR 1% 15%
Average 14.33%
Notice is hereby given that the following dates are of importance in regard to the distribution for the quarter
ended 31 March 2023 by the ETF to holders of SATRIXGPR securities:
Last day to trade “cum” distribution: Tuesday, 02 May 2023
Securities trade “ex” distribution: Wednesday, 03 May 2023
Record date: Friday, 05 May 2023
Payment date: Monday, 08 May 2023
The distribution will be paid on Monday, 08 May 2023 to all securities holders recorded in the register on
Friday, 05 May 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 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
a written undertaking to inform the CSDP or broker, as the case may be, should the circumstances
b)
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
24 April 2023
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Vunani Sponsors
Date: 24-04-2023 04:15:00
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