CSEW40 201904040029A
Quarterly Distribution Announcement - CSWE40

CoreShares Index Tracker Managers (RF) Proprietary
Limited
CoreShares Equal Weight Top 40
ETF
Share code: CSEW40
ISIN: ZAE000217139

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 38.59636 cents per security
is declared.
The nature and source of the distribution is explained
in the following table:

Dividend/        Foreign / Local     Gross distribution    Subject to  Withholding Net distribution (cents
Interest                             (cents per unit)      withholding tax (%)     per unit)
                                                           tax
                                                           (Yes/No)
Dividend         Local                                     Yes             20
                                     29.26074                                            23.40859
Dividend         Foreign                                   Yes             20
                                     9.02964                                             7.22371
Interest                                                   No
                                     0.30598                                             0.30598
TOTAL
                                     38.59636                                            30.93828

Further details are listed below:
Source of foreign taxable
dividends
Great Britain                        100.00%
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

Date: 04/04/2019 11:45:00 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.