Interest Distribution and Re-Investment Announcement for the Month Ended 31 August 2020 - NFILBI2020/09/16 08:00:00
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Interest Distribution and Re-Investment Announcement for the Month Ended 31 August 2020 - NFILBI NEWFUNDS ILBI EXCHANGE TRADED FUND PORTFOLIO Share code: NFILBI ISIN: ZAE000162244 Portfolios in the NewFunds Collective Investment Scheme in Securities registered as such in terms of the Collective Investment Schemes Control Act, 45 of 2002 and managed by NewFunds (RF) Proprietary Limited (Registration Number 2005/034899/07) (“NewFunds”) INTEREST DISTRIBUTION AND RE-INVESTMENT ANNOUNCEMENT FOR THE MONTH ENDED 31 AUGUST 2020 NewFunds has today finalised a distribution to holders of NewFunds ILBI ETF securities recorded as such in the register on Friday, 25 September 2020, for the month ended 31 August 2020 as follows: NFILBI Cents per ETF security, comprising of Interest 15.7990 Investors are advised that the distribution amount will not comprise of any dividends, therefore no dividend tax will be applicable to the distribution amount. Holders of the ETF securities should note the following dates in relation to the distribution: Declaration and finalisation Wednesday, 16 September 2020 Last day to trade Monday, 21 September 2020 Securities trading ‘ex’ distribution Tuesday, 22 September 2020 Record date Friday, 25 September 2020 Payment date Monday, 28 September 2020 In accordance with the investment policy of the ETFs, the distribution will be re-invested on behalf of investors via the purchase by the ETF of additional Constituent Securities, or Index Constituents, (as defined in the relevant Portfolio Supplement) in the appropriate weightings, thereby increasing the net asset value of the ETF and, proportionately increasing the value of each ETF security. The distribution should: - be added to the base cost of each ETF security for capital gains tax purposes; or - where the ETF securities are held as trading stock be regarded as part of the cost of acquiring an ETF security. Reinvestments into the portfolio still constitute a notional distribution even though it will not be paid in cash. Consequently, it forms part of investors' gross income as it is subject to 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 authorised 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 Government debt, listed debt instruments and/or bank debt. Additional information: Number of securities in issue Tax reference number NFILBI 900,000 9398125170 16 September 2020 Sponsor Vunani Sponsors Date: 16-09-2020 08:00:00 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.