ASHWGB - Distribution Finalisation Announcement
Ashburton Management Company RF Proprietary Limited
Ashburton World Government Bond ETF
A portfolio in the Ashburton Collective Investment Scheme in Securities Exchange Traded Funds (“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 the holders of the Ashburton
World Government Bond ETF securities for the quarter ended 31 October 2020.
The aggregate distribution will amount to 4.04892 cents per Ashburton World Government Bond ETF
security and is constituted as follows:
Foreign
Subject to
Gross Withholding Net
Local
Alpha Foreign/ Distribution Tax held at Distribution
Dividend/Interest Withholding
code Local (Cents per source (Cents (Cents per
tax
unit) per unit) unit)
Yes/ No
ASHWGB Interest Local 0.01102 No 0.00000 0.01102
Interest Foreign 4.03790 No 0.00000 4.03790
4.04892 0.00000 4.04892
*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 October 2020 to the holders of the Ashburton World Government Bond ETF securities:
Last day to trade “cum” distribution: Tuesday, 17 November 2020
Securities trade “ex” distribution: Wednesday, 18 November 2020
Record date: Friday, 20 November 2020
Payment date: Monday, 23 November 2020
Creations or redemptions from the fund will not be allowed during the period from 17 November
2020 to 20 November 2020 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 653,279.36.
Ashburton World Government Bond ETF Income Tax number is 2037/954/17/5.
A copy of the ETF issue document can be found at:
https://www.ashburtoninvestments.com/za/individual-investor/fund/ashburton-world-government-
bond-etf/zae000254413
10 November 2020
Johannesburg
Debt Sponsor
RAND MERCHANT BANK (A division of FirstRand Bank Limited)
Date: 10-11-2020 12:25:00
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