ASHWGB 201808230046A
Distribution Finalisation Announcement - ASHWGB
Ashburton Management Company RF Proprietary Limited
Ashburton World Government Bond ETF
A portfolio in the Ashburton Collective Investment Scheme (“the portfolio”) registered in terms of the
Collective Investment Schemes Control Act, 45 of 2002
Share Code: ASHWGB
ISIN: ZAE000254413
(“ASHGLOBND”)
DISTRIBUTION FINALISATION ANNOUNCEMENT
The manager and trustees (namely Ashburton Management Company RF Proprietary Limited and
Standard Chartered Bank) have resolved to make a quarterly distribution to holders of Ashburton World
Government Bond ETF securities for the quarter ended 31 July 2018.
The aggregate distribution will amount to 1.93793 cents per Ashburton World Government Bond ETF
security and is constituted as follows:
Alpha Dividend/Interest Foreign/ Gross Subject to Foreign Net
code Local Distribution Local Witholding Distribution
(Cents per Witholding Tax held at (Cents per
unit) tax source (Cents unit)
Yes/No per unit
ASHWGB Interest Local 0.05630 No 0.05630
Interest Foreign 1.88163 No 1.88163
1.93793 1.93793
*Source of funds: Sovereign bonds coupons which are constituents of the FTSE World Government Bond Index
1. The net distribution amount of 1.93793 cents per ASHWGB security is calculated as follows:
Gross Interest 1.93793
Less: Foreign withholding tax held at source -
Net Distribution to local unit holders 1.93793
Notice is hereby given that the following dates are of importance regarding the distribution for the quarter
ended 31 July 2018 to holders of Ashburton World Government Bond ETF securities:
Last day to trade “cum” distribution: Tuesday, 28 August 2018
Securities trade “ex” distribution: Wednesday, 29 August 2018
Record date: Friday, 31 August 2018
Payment date: Monday, 3 September 2018
Creations or redemptions from the fund will not be allowed during the period from 23 August 2018
to 31 August 2018.
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 comprises 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.
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.
There are 12,734,683 Ashburton World Government Bond ETF securities in issue. The total distribution
amount payable is R 246,789.49.
Ashburton World Government Bond ETF Income Tax number is 2037/954/17/5.
A copy of the ETF issue document can be found at
http://www.ashburtoninvestments.com/za/individual-investor/investment-range/exchange-traded-
funds/ashburton-global-bond-etf
23 August 2018
Johannesburg
Sponsor: Bridge Capital Advisors Proprietary Limited
Date: 23/08/2018 03:30:00 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. |