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SATRIX COLLECTIVE INVESTMENT SCHEME - Distribution Finalisation Announcement - Quarter Ended 30 June 2019 - STXDIV

11 July 2019 - 17:30 PM
STXDIV
Distribution Finalisation Announcement - Quarter Ended 30 June 2019 - STXDIV

   SATRIX COLLECTIVE INVESTMENT SCHEME
   SATRIX DIVIDEND PLUS PORTFOLIO
   JSE code: STXDIV
   ISIN: ZAE000102018
   ("Satrix Dividend Plus")

   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 2019

   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
   Dividend Plus securities("investors")recorded in the register on Friday, 19 July 2019 in respect of the
   quarter ended 30 June 2019.
   An aggregated amount of 4.38000 ZAR cents (R 0.04380) per Dividend Plus security is declared as follows:
     Alpha         Dividend/    Foreign     Source           Gross           Subject to    Withholding        Net
     code           Interest    / Local       of         Distribution        Withholding     Tax (%)     Distribution
                                             funds        (Cents per         tax Yes/ No                  (Cents per
                                                             unit)                                           unit)

STXDIV             Dividend      Local                     3.99621               Yes              20       3.19697
                   Dividend     Foreign      UK            0.32855               Yes              20       0.26284
                                  dual
                   Interest      Local                     0.05524               No                        0.05524
                                                           4.38000                                         3.51505

   Notice is hereby given that the following dates are of importance in regard to the distribution for the
   quarter ended June 2019 by the ETF to holders of Satrix Dividend Plus securities:

   Last day to trade cum distribution:             Tuesday, 16 July 2019
   Securities trade ex distribution:               Wednesday, 17 July 2019
   Record date:                                      Friday, 19 July 2019
   Payment date:                                     Wednesday, 24 July 2019
The distribution will be paid on Wednesday, 24 July 2019 to all securities holders recorded in the
register on Friday, 19 July 2019.

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

11 July 2019

Sponsor:
Vunani Corporate Finance

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