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Special Distribution Finalisation Announcement For The Period Ended 14 November 2023 - SYGT40
The Sygnia Itrix Collective Investment Scheme
Sygnia Itrix TOP 40 ETF
JSE code: SYGT40
ISIN: ZAE000251351
("SYGT40")
A portfolio in the Sygnia Itrix Collective Investment Scheme in Securities, registered as such in terms of the Collective Investment Schemes
Control Act, 45 of 2002.
SPECIAL DISTRIBUTION FINALISATION ANNOUNCEMENT FOR THE PERIOD ENDED 14 NOVEMBER 2023
Investors are referred to the announcements released on SENS on 15 August 2023 and 6 November 2023 regarding the amalgamation of the Sygnia
Itrix SWIX 40 ETF ("SYGSW4") with the Sygnia Itrix Top 40 ETF ("SYGT40"). The Manager and Trustees of the Sygnia Itrix Collective Investment
Scheme (being Sygnia Itrix (RF) (Pty) Limited and Standard Bank of South Africa Limited), respectively, have declared a distribution to
holders of SYGT40 securities ("investors")recorded in the register on Friday, 17 November 2023 in respect of the period ended 14 November
2023.
An aggregated amount of 115.49888 ZAR cents (R 1.15499) per SYGT40 security is declared as follows:
Dividend (64N >
Dividend Dividend *Interest REIT Total
Alpha Code: SYGT40 DTA)
Foreign SA
Distribution Source type Local Listed Foreign SA Listed Local Local
Net Distribution Reinvested No No No No No
Source of Funds (Country
Code) ZA Table 1 Switzerland ZA ZA
Subject to Foreign
Withholding tax No No Yes No No
Gross Foreign Rate (cents
per unit) 15.89748 6.01597
Foreign Tax % withheld at
source 0.00% 35.00%
Foreign Tax amount per unit 2.10559
DTA with Source Country 15.00%
Foreign Tax Reclaim % 15.00%
Portfolio/Management Cost 0.06541
Interest Expense
Other costs 0.08209
Gross ZA Distribution (Cents
per unit) 91.25088 15.89748 3.76288 1.90032 2.68732 115.49888
***Applicable to non-exempt South African shareholders
Gross Local Rate (cents per 91.25088 15.89748 5.86847 1.90032 2.68732
unit)
SA Withholding Tax % 20.00% 20.00% 5.00% Note 1
SA Withholding Tax amount 18.25018 3.17950 0.29342
per unit
Local Net Rate 73.00070 12.71798 3.46946 1.90032 2.68732 93.77578
Note 1
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. The Gross rate for non-residents is 2.68732 and the net rate is 2.14986 cents per unit.
Notice is hereby given that the following dates are of importance in regard to the special distribution for the period ended 14 November 2023
by the ETF to holders of SYGT40 securities:
Last day to trade "cum" distribution: Tuesday, 14 November 2023
Securities trade "ex" distribution: Wednesday, 15 November 2023
Record date: Friday, 17 November 2023
Payment date: Monday, 20 November 2023
The special distribution will be paid on Monday, 20 November 2023 to all securities holders recorded in the register on Friday, 17 November
2023.
Table 1
Country ISO Code Split
United Kingdom GB 71.53%
Luxembourg LU 6.31%
Australia AU 22.15%
***South African tax: 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 ("CDSP") 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, to arrange for the abovementioned documents to be submitted prior to payment
of the distribution, if such documents have not already been submitted.
*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.
14 November 2023
Manager
Sygnia Itrix (RF) (Proprietary) Limited
Trustee
The Standard Bank of South Africa Limited
JSE Sponsor
Vunani Sponsors
Date: 14-11-2023 02:16:00
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