ASHWGB 201908150056A
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
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 2019.
The aggregate distribution will amount to 2.77431 cents per Ashburton World Government Bond ETF
security and is constituted as follows:
Foreign
Subject to Withholding
Gross Net
Local Tax held at
Alpha Distribution Distribution
Dividend/Interest Foreign/ Local Withholding source
code (Cents per (Cents per
tax (Cents per
unit) unit)
Yes/ No unit)
ASHWGB Interest Local 0.12390 No 0.00000 0.12390
Interest Foreign 2.65041 No 0.00000 2.65041
2.77431 0.00000 2.77431
*Source of funds: Sovereign bonds coupons which are constituents of the FTSE World Government Bond Index
Notice is hereby given that the following dates are of importance regarding the distribution for the quarter
ended 31 July 2019 to holders of Ashburton World Government Bond ETF securities:
Last day to trade "cum" distribution: Tuesday, 20 August 2019
Securities trade "ex" distribution: Wednesday, 21 August 2019
Record date: Friday, 23 August 2019
Payment date: Monday, 26 August 2019
Creations or redemptions from the fund will not be allowed during the period from 20 August 2019
to 23 August 2019 both days inclusive.
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 16,134,683 Ashburton World Government Bond ETF securities in issue. The total distribution
amount payable is R 447,626.04.
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
15 August 2019
Johannesburg
Sponsor: Bridge Capital Advisors Proprietary Limited
Date: 15/08/2019 04:43:00
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