CSEW40 201907040043A
CANCELLATION OF S417097 Quarterly Distribution Announcement

    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 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 50.11729 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 per 
    Interest                           distribution    withholding tax (%)     unit) 
                                        (cents per      tax 
                                        unit)           (Yes/No) 
    Dividend    Local                 32.42948        Yes           20           25.94358  
    Dividend    Foreign               7.35930         Yes           20           5.88744  
    Dividend    REIT                  9.34595         Yes           20           7.47676  
    Interest                          0.98256         No                         0.98256  
    TOTAL                             50.11729                                   40.29034  

    Further details are listed below: 
    Source of foreign taxable dividends 
    Great Britain                     52.46% 
    Isle of Man                       47.54% 
    TOTAL                             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 July 2019 

 

Sponsor 

Grindrod Bank Limited 

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