Wrap Text
Final Income Distribution Announcement - STXT50
SATRIX COLLECTIVE INVESTMENT SCHEME 2
SATRIX S&P GIVI SOUTH AFRICA TOP 50 ETF
JSE code: STXT50
ISIN code: ZAE000318317
("SATRIXT50")
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.
FINAL INCOME DISTRIBUTION ANNOUNCEMENT - STXT50
Further to the announcement released on 11 January 2024 regarding the amalgamation of Satrix S&P GIVI South Africa ETF
with the Satrix Quality South Africa ETF, the Manager and Trustees of the Satrix Collective Investment Scheme (being Satrix
Managers (RF) (Pty) Limited and Standard Chartered Bank), respectively, have declared a final income distribution to holders
of SATRIXT50 securities ('investors') recorded in the register on Tuesday, 30 January 2024.
An aggregate amount of 12.56000 cents (R0.12560) per SATRIXT50 security is declared as follows:
Alpha Code: STXT50 Dividend Dividend *Interest Total
Foreign SA
Distribution Source type Local Listed Local
Net Distribution Reinvested No No No
Source of Funds (Country Code) ZA GB ZA
Subject to Foreign Withholding tax No No No
Gross Foreign Rate (cents per unit) 10.18474
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) 2.25510 10.18474 0.12016 12.56000
***Applicable to non-exempt South African shareholders
Gross Local Rate (cents per unit) 2.25510 10.18474 0.12016
SA Withholding Tax % 20.00000% 20.00000%
SA Withholding Tax amount per unit 0.45102 2.03695
Local Net Rate 1.80408 8.14779 0.12016 10.07203
Notice is hereby given that the following dates are of importance in regard to the final distribution by the ETF to holders of
SATRIXT50 securities:
Last day to trade "cum" distribution: Thursday, 25 January 2024
Suspension of security: Friday, 26 January 2024
Record date: Tuesday, 30 January 2024
Payment date: Wednesday, 31 January 2024
Termination/ delisting of STXT50: Thursday, 01 February 2024
The final income distribution will be paid on Wednesday, 31 January 2024 to all securities holders recorded in the register
on Tuesday, 30 January 2024.
*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
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.
Sandton
18 January 2024
JSE SPONSOR
VUNANI SPONSOR
Date: 18-01-2024 03:17:00
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.
Sharenet Sites 
