PTXSPY 201904040024A
Quarterly Distribution Announcement -  PTXSPY

CoreShares Index Tracker Managers (RF)
Proprietary Limited
CoreShares PropTrax SAPY ETF
Share code: PTXSPY
ISIN: ZAE000101911

A portfolio in the CoreShares Index Tracker Collective Investment Scheme registered as such in terms of the
Collective Investment Schemes Control Act, 45 of 2002, managed by CoreShares Index Tracker Managers
(RF) Proprietary Limited

QUARTERLY DISTRIBUTION
ANNOUNCEMENT
Holders of the security are advised that a distribution will be made in respect of
the quarter ended 31 March 2019

The following dates are of importance with regards
to the distribution:
Last day to trade cum                                                                Tuesday, 09 April 2019
distribution:
Ex-date:                                                                             Wednesday, 10 April
                                                                                     2019
Record date:                                                                         Friday, 12 April 2019
Payment date:                                                                        Monday, 15 April 2019

An aggregated amount of 54.30153 cents per
security is declared.
The nature and source of the distribution is
explained in the following table:

Dividend/        Foreign /         Gross               Subject to       Withholding Net distribution (cents
Interest         Local             distribution        withholding      tax (%)     per unit)
                                   (cents per unit)    tax
                                                       (Yes/No)
Dividend         Foreign                               Yes              20
                                   0.36904                                           0.29523
Dividend         Foreign (S64N                         No
                 rebate)           0.06383                                           0.06383
Dividend         REIT                                  Yes              20
                                   52.54337                                          42.03470
Interest                                               No
                                   1.32529                                           1.32529
TOTAL
                                   54.30153                                          43.71905

Further details are listed
below:
Source of foreign taxable
dividends
Guernsey                           100.00%
Calculation of the non-taxable Net Foreign
Dividend (S64N rebate)

Gross dividend
                                                       0.07979
Foreign dividend withholding                           -0.01596
tax
Distributable non taxable
dividend (S64N rebate)                                 0.06383


   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
   Central Securities Depository Participant ("CSDP") or broker with the following:

   a) a declaration that the distribution is exempt from dividends tax; and

   b) a written undertaking to inform their CSDP or broker, 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, to arrange for the abovementioned
   documents to be submitted prior to payment of the distribution, if such documents have not already
   been submitted.



   Withholding Tax on Interest (WTI) came into effect on 1 March 2015.

   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.



   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 in respect of its
   participatory interest:

   a) a declaration that the dividend is subject to a reduced rate because of the application of a DTA;
   and

   b) a written undertaking to inform the CSDP or broker 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 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.

Date of announcement: 04 April 2019



Sponsor

Grindrod Bank Limited

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