NEWFUNDS COLLECTIVE INVEST SCHEME – NFSH40 – Distribution for the quarter ended 31 March 2019

2019/04/16 08:00:00
SENS announcement for JSE listed company: JSE General
                        

NFSH40 201904160018A
NFSH40 – Distribution for the quarter ended 31 March 2019

NEWFUNDS SHARIAH TOP 40 SA INDEX ETF PORTFOLIO
Share code: NFSH40
ISIN: ZAE000130431

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

DISTRIBUTION ANNOUNCEMENT FOR THE QUARTER ENDED 31 MARCH 2019
NewFunds has today finalised a distribution to holders of ETF securities (‘investors’) recorded as such in the register on Friday, 26 April 2019, for the quarter ended 31 March 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)

NFSH40 Dividend Local 3.08485 Yes 20 2.46788
Dividend Foreign 1 6.96552 Yes 20 5.57242
10.05037 8.04030

Further details are listed below:
1
Source of monetary funds subject to foreign dividend tax:
United Kingdom 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 March 2019:

Declaration/ Finalisation date Tuesday, 16 April 2019
Last day to trade Tuesday, 23 April 2019
Ex distribution Wednesday, 24 April 2019
Record date Friday, 26 April 2019
Payment date Monday, 29 April 2019

The distribution will be paid on Monday, 29 April 2019 to all securities holders recorded on the register on Friday, 26 April 2019.

Holders of Shariah ETF securities
Holders of Shariah ETF securities (‘investors’) are advised that the appropriate purification of dividends, through the donation of 5% of the dividends to charity, needs to be effected by each
investor. Absa Islamic Banking’s Shari’ah Supervisory Board (”SSB”) has provided the following list of approved charitable institutions. The list is not exhaustive and it is therefore not obligatory
to use one of the specified charities:
1. Al Furqaan Orphanage (Gauteng)
2. Gift of the Givers (RSA)
3. SANZAF (RSA)
4. Africa Muslims Agency (RSA)
5. Al-Imdaad Foundation
6. Muslim Hands (RSA)
7. Islamic Relief Agency (RSA)
8. Bait-ul-Khair (Gauteng)
9. TIBA Services for the Blind (Gauteng)
10. Mustadafin Foundation (www.mustadafin.com)
*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
Additional information:
Number Tax
of securities reference
in issue number
NFSH40 15,575,446 9403872162

16 April 2019

Sponsor
Absa Bank Limited (acting through its Corporate and Investment Banking division)

Date: 16/04/2019 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.

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