Back to SENS list
PRINT this article 
Distribution and Re-Investment Announcement for The Quarter Ended 31 December 2019 - GIVISA16 Jan 2020
Distribution and Re-Investment Announcement for The Quarter Ended 31 December 2019 - GIVISA

NEWFUNDS S&P GIVI SA TOP 50 INDEX ETF PORTFOLIO
Share code: GIVISA
ISIN: ZAE000205225

Portfolios in the NewFunds (RF) Proprietary Limited Collective Investment Scheme in Securities registered as such in terms of the Collective Investment Schemes Control Act,
45 of 2002 and managed by NewFunds Proprietary Limited. (Registration Number 2005/034899/07)


DISTRIBUTION ANNOUNCEMENT FOR THE QUARTER ENDED 31 DECEMBER 2019
NewFunds has today finalised a distribution to holders of ETF securities ("investors") recorded as such in the register on Friday, 24 January 2020, for the quarter ended 31
December 2019 as follows:

           Alpha code                         Dividend/                Foreign/                  Gross           Subject to Withholding      *Withholding             Net
                                               Interest                 Local                 Distribution                 tax                 Tax (%)            Distribution
                                                                                            (Cents per unit)            Yes/ No                                 (Cents per unit)

             GIVISA                Interest                     Local                 0,24876                   No                                           0,24876
                                   Dividend                     Local                 11,33429                  Yes                       20                 9,06743
                                   Dividend                     Foreign1              15,69166                  Yes                       20                 12,55333
                                   Dividend                                           2,29211
                                                                Foreign² (ANH)***{S64N}                        No                                           2,29211
                                   Dividend                     REITS**               4,83823                   Yes                       20                 3,87058
                                                                                      34,40505                                                               28,03221


Further details are listed below:
¹Source of foreign dividends subject to SA dividend tax:
United Kingdom                                                                                                                  100,00%

²Source of foreign dividends not subject to SA dividend tax:
Belgium                                                                                                                         100,00%


Notice is hereby given that the following dates are of importance in regard to the distribution by the above ETF for the quarter ended 31 December 2019:
Declaration/ Finalisation date                                                          Thursday, 16 January 2020
Last day to trade                                                                       Tuesday, 21 January 2020
Ex distribution                                                                         Wednesday, 22 January 2020
Record date                                                                             Friday, 24 January 2020
Payment date                                                                            Monday, 27 January 2020

The distribution will be paid on Monday, 27 January 2020 to all securities holders recorded on the register on Friday, 24 January 2020.

   NET FOREIGN DIVIDEND NOT TAXED (S64N rebate)                          ANH
Gross Dividend                                                               3,60367
Foreign Dividends Withholding Tax                                           (1,08110)
                                                                              2,52257
Less Porfolio costs                                                         (0,23045)
Distributable dividend                                                       2,29211


SA Dividend Withholding Tax
Gross Dividend                                                                3,60367

Less Portfolio Costs                                                        (0,23045)

                                                                              3,37321

SA DWT                                                                        0,67464



SA tax 0.675 cents (20%) will not be deducted as foreign dividend withholding tax of 30% of the gross dividend has already been deducted (SECTION 64N of the Income Tax Act)



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 comprise 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.
***Anheuser Busch Inbev NV is a Belgian listed Company. The dividends received have been subject to 30% withholding tax.

*Investors should seek advice from their tax advisor on whether the tax rate shown is applicable to them.

South African tax resident investors relating to REITs
** The dividend distribution by a REIT received by South African tax residents must be included in their gross income and will not be exempt in terms of the ordinary dividend exemption in
section 10(1)(k)(i) of the Income Tax Act No. 58 of 1962 (“the Act”) as a result of paragraph (aa) of the proviso thereto which provides that dividends distributed by a REIT are not exempt
from income tax.
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 following forms to their Central Securities Depository Participant (“CSDP”) or broker, as the case may be in respect of its participatory interest:
a) a declaration that the distribution is exempt from dividends tax; and
b) a written undertaking to inform their CSDP or broker, as the case may be, 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, as the case may be, to arrange for the
abovementioned documents to be submitted prior to payment of the distribution, if such documents have not already been submitted.

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, as the case
may be in respect of its participatory interest:
a) a declaration that the dividend is subject to a reduced rate as a result of the application of a DTA; and
b) a written undertaking to inform the CSDP or broker, as the case may be, 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, as the case may be, 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.


Additional information:
                                            Number                       Tax
                                          of securities               reference
                                            in issue                   number
GIVISA                                 2 057 255             9180010184

Thursday, 16 January 2020

Sponsor
Vunani Sponsors



Date: 16-01-2020 08:00:00
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.
 
 Back to SENS list
PRINT this article