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Distribution Finalisation Announcement Quarter End 30 June 2024 - STXSHA
SATRIX COLLECTIVE INVESTMENT SCHEME 2
SATRIX SHARI'AH TOP 40 ETF
JSE code: STXSHA
ISIN code: ZAE000318887
("SATRIXSHA")
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 JUNE 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 SATRIXSHA securities ('investors') recorded in the
register on Friday, 19 July 2024 in respect of the quarter ended 30 June 2024.
An aggregate amount of 3.71000 cents (R0.03710) per SATRIXSHA security is declared as follows:
Alpha Code: STXSHA Dividend Dividend Total
Foreign SA
Distribution Source type Local Listed
Net Distribution Reinvested No No
Source of Funds (Country Code) ZA GB
Subject to Foreign Withholding tax No No
Gross Foreign Rate (cents per unit) 0.35514
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) 3.35486 0.35514 3.71000
***Applicable to non-exempt South African shareholders
Gross Local Rate (cents per unit) 3.35486 0.35514
SA Withholding Tax % 20.00000% 20.00000%
SA Withholding Tax amount per unit 0.67097 0.07103
Local Net Rate 2.68389 0.28411 2.96800
Notice is hereby given that the following dates are of importance in regard to the distribution for the quarter ended 30 June
2024 by the ETF to holders of SATRIXSHA securities:
Last day to trade "cum" distribution: Tuesday, 16 July 2024
Securities trade "ex" distribution: Wednesday, 17 July 2024
Record date: Friday, 19 July 2024
Payment date: Monday, 22 July 2024
The distribution will be paid on Monday, 22 July 2024 to all securities holders recorded in the register on Friday, 19 July 2024.
**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.
Holders of Shariah ETF securities
Holders of Shariah ETF securities ("investors") are advised that the appropriate purification of dividends, through the donation
of 5% of the dividends to charity, needs to be effected by each investor.
Below a list of charitable institutions. The list is not exhaustive and it is therefore not obligatory to use one of the specified
charities:
1. Al Furqaan Orphanage (Gauteng)
2. Gift of the Givers (RSA)
3. SANZAF (RSA)
4. Africa Muslims Agency (RSA)
5. Al-Imdaad Foundation
6. Muslim Hands (RSA)
7. Islamic Relief Agency (RSA)
8. Bait-ul-Khair (Gauteng)
9. TIBA Services for the Blind (Gauteng)
10. Mustadafin Foundation (www.mustadafin.com)
Sandton
11 July 2024
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Date: 11-07-2024 10:30:00
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