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Distribution Finalisation Announcement Quarter End 30 September 2024 - STXRAF
SATRIX COLLECTIVE INVESTMENT SCHEME
SATRIX RAFI 40 PORTFOLIO
JSE code: STXRAF
ISIN code: ZAE000126033
("Satrix RAFI 40")
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 Satrix RAFI 40 securities ('investors') recorded in the
register on Friday, 18 October 2024 in respect of the quarter ended 30 September 2024.
An aggregate amount of 22.00000 cents (R0.22000) per Satrix RAFI 40 security is declared as follows:
Dividend Dividend
Alpha Code: STXRAF Dividend Dividend Dividend *Interest Total
(64N > DTA) (64N > DTA)
Foreign SA Foreign SA Foreign SA Foreign SA
Distribution Source type Local Listed Listed Listed Listed Local
Net Distribution Reinvested No No No No No No
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) 4.01855 0.25614 0.56632 1.55348
Foreign Tax % withheld at source 35.00000% 30.00000%
Foreign Tax amount per unit 0.19821 0.46604
DTA with Source Country 15.00000% 15.00000%
Foreign Tax Reclaim % 20.00000% 15.00000%
Portfolio/Management Cost 0.04589 0.13556
Interest Expense
Other costs
Gross ZA Distribution (Cents per unit) 16.26589 4.01855 0.25614 0.32222 0.95188 0.18532 22.00000
***Applicable to non-exempt South African shareholders
Gross Local Rate (cents per unit) 16.26589 4.01855 0.25614 0.52043 1.41792 0.18532
SA Withholding Tax % 20.00000% 20.00000% 20.00000% 5.00000% 5.00000%
SA Withholding Tax amount per unit 3.25318 0.80371 0.05123 0.02602 0.07090
Local Net Rate 13.01271 3.21484 0.20491 0.29620 0.88098 0.18532 17.79496
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 Satrix RAFI 40 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.
*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 affecting the reduced rate
b)
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 11:03:00
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