CORESHARES INDEX TRACKER MANAGERS (RF) PROPRIETARY LIMITED – Distribution Announcement – GLODIV

2019/01/10 09:00:00
SENS announcement for JSE listed company: JSE General
                        

GLODIV 201901100006A
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 2018

The following dates are of importance with regards to the distribution:
Last day to trade cum Tuesday, 15 January 2019
distribution:
Ex-date: Wednesday, 16 January 2019
Record date: Friday, 18 January 2019
Payment date: Monday, 21 January 2019

An aggregated amount of 6.79676 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 Foreign (S64N 6.73180 No 6.73180
rebate)
Interest 0.06496 No 0.06496
TOTAL 6.79676 6.79676

Further details are listed
below:
Source of foreign taxable dividends
Great Britain 23.40%
Netherlands 2.01%
Ireland 62.70%
Spain 7.46%
Jersey 4.44%
Grand Total 100.00%
Source of foreign non-taxable dividends
(S64N)
Great Britain 0.54%
Ireland 3.51%
United States 84.31%
Denmark 2.39%
Canada 9.25%
TOTAL 100.00%

Calculation of the non-taxable Net Foreign Dividend (S64N
rebate)

Gross dividend
8.42761
Foreign dividend withholding –
tax 1.69581
Distributable non taxable dividend (S64N
rebate) 6.73180

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: 10 January 2019

Sponsor

Grindrod Bank Limited

Date: 10/01/2019 09:00:00 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
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