Distribution announcement - GLODIV: 
CoreShares Index Tracker Managers (RF) Proprietary Limited
CoreShares Global Dividend ETF
Share code: GLODIV
ISIN: ZAE000254249

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

DISTRIBUTION ANNOUNCEMENT
Holders of the security are advised that a distribution will be made in respect of the six months ended 31
December 2019

The following dates are of importance with regards to the distribution:
Last day to trade cum                                                             Tuesday, 14 January 2020
distribution:
Ex-date:                                                                          Wednesday, 15 January
                                                                                  2020
Record date:                                                                      Friday, 17 January 2020
Payment date:                                                                     Monday, 20 January 2020

An aggregated amount of 10.32357 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                 10.28998        No                            10.28998
Interest                            0.03359         No                            0.03359
TOTAL                               10.32357                                      10.32357



Foreign Dividend Calculation
Gross Foreign Dividend
                                                                                  12.58937
Less: Foreign withholding tax                                                     -
held at source                                                                    (2.29939)
Net Foreign Dividend
                                                                                  10.28998

Source of funds: various companies from around the world that are
constituents of the benchmark index.
Average dividend withholding tax rate, already                                    18.26%
withheld at source
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: 09 January 2020

Sponsor

Grindrod Bank Limited

Date: 09-01-2020 01:30:00
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