Sharenet Sites 
Sharenet Sites
Distribution Finalisation Announcement for Quarter Ended 31 December 2024 - ETFSAB
Prescient Management Company (RF) (Pty) Ltd
(Registration number 2002/022560/07)
("Prescient" or "the Manager")
(Being the manager of the Prescient ETF Scheme)
ETFSA Balanced Foundation Prescient Actively Managed EFT("ETFSAB")
(being a portfolio under the Prescient ETF Scheme ("the Scheme") registered in the Republic of South
Africa in terms of the Collective Investment Schemes Control Act, 45 of 2002 ("CISCA"))
Share Code: ETFSAB
Short Name: EBFAMETF
ISIN: ZAE000338000
DISTRIBUTION FINALISATION ANNOUNCEMENT QUARTER END 31 DECEMBER 2024
The Manager and Trustees of the Prescient Collective Investment Scheme in ETF Securities (being
Prescient Management Company (RF) (Pty) Ltd and Standard Bank), respectively, have declared a
distribution to holders of ETFSAB securities ('investors') recorded in the register on Friday, 17 January
2025 in respect of the quarter ended 31 December 2024.
An aggregate amount of 6.40900 cents (R 0.06409) per ETFSAB security is declared as follows:
ETFSAB Dividend Interest REIT TOTAL
Distribution Source type Local Local Local
Net Distribution Reinvested No No No
Source of Funds (Country Code) ZA ZA ZA
Subject to Foreign Withholding tax No No No
Gross Foreign Rate (cents per unit)
Foreign Tax % withheld at source
Foreign Tax amount per unit
DTA with Source Country
Foreign Tax Reclaim %
Portfolio/Management Cost
Interest Expense
Other expense
Gross ZA Distribution (Cents per unit) 5.41903 0.97050 0.01947 6.40900
Applicable to non-exempt South African shareholders:
Gross Local Rate (cents per unit) 5.41903 0.97050 0.01947
20% Note 1
SA Withholding Tax %
1.08381
SA Withholding Tax amount per unit
4.33522 0.97050 0.01947 5.32519
Local Net Rate
Note 1. Distributions by Real Estate Investment Trusts (REITs) are subject to income tax for South
African tax residents, and subject to 20% withholding tax for non-residents. The gross rate for non-
residents is 0.01947 and the net rate is 0.01558 cents per security.
Notice is hereby given that the following dates are of importance in regard to the distribution for the
quarter ended 31 December 2024 by the AMETF to holders of ETFSAB securities:
Declaration Date Thursday,09 January 2025
Last day to trade "cum" distribution: Tuesday, 14 January 2025
Securities trade "ex" distribution: Wednesday, 15 January 2025
Record date: Friday, 17 January 2025
Payment date: Monday, 20 January 2025
The distribution will be paid on Monday, 20 January 2025 to all securities holders recorded in the
register on Friday, 17 January 2025.
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, 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, 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, to arrange for the abovementioned documents to be
submitted prior to payment of the distribution, if such documents have not already been
submitted.
Distributions by Real Estate Investment Trusts (REITs) are subject to income tax for South African tax
residents and for non-residents it is subject to 20% SA withholding tax.
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.
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, 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 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, 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.
09 January 2025
Listing Advisor
Prescient Structured Product Advisory (Pty) Ltd
Date: 09-01-2025 10:46:00
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.
