PTXSPY 201907040033A
CANCELLATION OF S417104 Quarterly Distribution Announcement

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 30 June 
2018 
                                                                                  

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

An aggregated amount of 149.91142 cents per security is 
declared. 
The nature and source of the distribution is explained in the following table: 

Dividend/ Foreign / Local         Gross           Subject to  Withholding Net distribution (cents 
Interest                           distribution    withholding tax (%)     per unit) 
                                    (cents per      tax 
                                    unit)           (Yes/No) 
Dividend    Foreign               24.64179        Yes           20           19.71343  
Dividend    Foreign (S64N         3.80573         No                          3.80573  
             rebate) 
Dividend    REIT                  117.20230       Yes           20           93.76184  
Interest                          4.26160         No                          4.26160  
TOTAL                             149.91142                                 121.54260  

Further details are listed below: 
Source of foreign taxable dividends 
British Virgin Islands            15.41% 
Isle of Man                       84.59% 
TOTAL                             100.00% 

Source of foreign non?taxable dividends (S64N) 
Netherlands                      100.00% 

Calculation of the non?taxable Net Foreign Dividend (S64N 
rebate) 
                                                                                
                                                                                      
    Gross dividend                                   4.47733                        
    Foreign dividend withholding                      -0.67160  
    tax                                                                               
    Distributable non taxable dividend (S64N          3.80573  
    rebate) 
 

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 July 2019 
 

Sponsor 

Grindrod Bank Limited 

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