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Distribution Finalisation Announcement Quarter End 30 September 2024 - STXMAG
SATRIX COLLECTIVE INVESTMENT SCHEME 2
SATRIX MULTI ASSET PASSIVE PORTFOLIO SOLUTIONS GROWTH ETF
JSE code: STXMAG
ISIN code: ZAE000318341
("SATRIXMAG")
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 30 SEPTEMBER 2024
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 SATRIXMAG securities ('investors') recorded in the register
on Friday, 18 October 2024 in respect of the quarter ended 30 September 2024.
An aggregate amount of 32.79000 cents (R0.32790) per SATRIXMAG security is declared as follows:
Dividend
Dividend
Alpha Code: STXMAG Dividend Dividend Dividend (64N > *Interest Total
(64N > DTA)
DTA)
Foreign SA Foreign SA Foreign SA Foreign SA
Distribution Source type Local Listed Listed Listed Listed Local
Net Distribution Reinvested Yes Yes Yes Yes Yes Yes
Source of Funds (Country Code) ZA GB LU CH AU ZA
Subject to Foreign Withholding tax No No No Yes Yes No
Gross Foreign Rate (cents per unit) 2.33407 0.38267 1.57449 1.61820
Foreign Tax % withheld at source 35.00000% 30.00000%
Foreign Tax amount per unit 0.55107 0.48546
DTA with Source Country 15.00000% 15.00000%
Foreign Tax Reclaim % 20.00000% 15.00000%
Portfolio/Management Cost 0.09271 0.10262
Interest Expense
Other costs
Gross ZA Distribution (Cents per unit) 16.23851 2.33407 0.38267 0.93071 1.03012 11.87392 32.79000
***Applicable to non-exempt South African shareholders
Gross Local Rate (cents per unit) 16.23851 2.33407 0.38267 1.48178 1.51558 11.87392
SA Withholding Tax % 20.00000% 20.00000% 20.00000% 5.00000% 5.00000%
SA Withholding Tax amount per unit 3.24770 0.46681 0.07653 0.07409 0.07578
Local Net Rate 12.99081 1.86726 0.30614 0.85662 0.95434 11.87392 28.84909
Notice is hereby given that the following dates are of importance in regard to the distribution for the quarter ended 30 September
2024 by the ETF to holders of SATRIXMAG securities:
Last day to trade "cum" distribution: Tuesday, 15 October 2024
Securities trade "ex" distribution: Wednesday, 16 October 2024
Record date: Friday, 18 October 2024
Payment date: Monday, 21 October 2024
The distribution will be paid on Monday, 21 October 2024 to all securities holders recorded in the register on Friday, 18 October
2024.
In accordance with the investment policy of SATRIXMAG the distribution (excluding the dividends tax as detailed above) will be re-
invested on behalf of investors through the purchase of securities comprising the MAPPS Growth Index in accordance with the
calculation methodology of the total return version of this Index, thereby increasing the net asset value of SATRIXMAG and,
proportionately, each SATRIXMAG security.
*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
10 October 2024
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Date: 10-10-2024 10:50:00
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